Bankruptcy is not high on anyone’s “bucket list”! In fact, bankruptcy downright sucks, right? Well, compared to sleepless nights, physical and emotional illness, or loss of a valued relationship, maybe not so much, eh? If you can’t bear to hear the phone ring, let alone to answer it, if you know the local process servers…
Short answer: Probably.
Longer answer: Probably, but it can be a good idea to give the car up!
Bottom line: A safety net and magic resurrection machine. No one wins when an otherwise productive, contributing member of society is essentially disabled by their temporary inability to keep up with their debts. So, Congress has, through the Bankruptcy Code, established procedures to give a fresh start and second chance to those who would might…
Here’s a great resource for the basics. http://www.bankruptcylawnetwork.com/bankruptcy-basics/ Mark R. Emmett, Esq. mremmett @ gmail.com 716 East 4500 South N240 Murray, Utah 84107-3619 801-438-4050