1. The U.S. Constitution has a Bankruptcy Clause (Article I, Section 8, Clause 4.) Our founding fathers rejected the idea of debtors’ prisons and saw freedom in a fresh financial start.

2.  Bankruptcy stops harassment from creditors the day you file.

3.  Chapter 7 of the U. S. Bankruptcy Code allows a complete discharge of your debts if you qualify. Your debts will be wiped out.

4.  Chapter 13 of the U. S. Bankruptcy Code allows a wage earner reorganization which allows you to pay a portion of your debts in monthly instalments and discharge the balance.

5.   Filing a Chapter 13 bankruptcy stops collections against co-debtors, people who signed the debt with you.

6.   You can often file a Chapter 13 bankruptcy even if you were discharged in a Chapter 7 bankruptcy in the last seven years.

7.    Utah state and local income taxes can be wiped out in many cases.

8.    You can usually keep your home after bankruptcy if you can make the payments.

9.    Chapter 11 bankruptcy allows a business reorganization under which the business can delay payment of debt while restructuring and continuing to operate.

10.   An emergency Utah bankruptcy can be filed within hours.