Tough economic times may require you to struggle to make ends meet. If you’re missing payment deadlines, relying on your credit cards as the only means of financing, and being hounded by creditors, you just might be in a gravely precarious fiscal condition that requires professional help. Indeed, a Utah bankruptcy attorney can best help you out of your financial difficulties. It is advisable to consult one long before you find your money spiraling down the drain. When you find a trustworthy lawyer to help, like someone from Craig Swapp and Associates, he will first determine whether filing a bankruptcy is the best option for your situation. As the most common type of bankruptcy in America, Chapter 7 frees people from majority of their debts. Mainly, this type of bankruptcy is a liquidation of your personal assets to compensate creditor demands. This also entails the trustee to sell parts of your property to pay off creditors. Not all your properties need to be liquidated, though. You can keep certain exempt properties like furniture, electronics, and appliances. There is also the possibility that your property has an attached lien, like realty mortgage which will continue to be subject to bankruptcy proceedings. Another type of bankruptcy Utah residents can file is Chapter 13, which allows you to reorganize your finances to pay off debt. Chapter 13 is also known as a debt consolidation plan, giving you the opportunity to settle payments within a reasonable amount of time-from three to five years. This liberates you from the fear of repossession, foreclosure, and creditor harassment, and gives you the chance to manage your financial troubles with adequate protection from the law. Other aspects that do not fall under Chapter 7 bankruptcy are income tax, child support, student loans, property taxes, and fines from a criminal court. A law firm like Craig Swapp & Associates offers highly-skilled and skillful lawyers to defend your case. They completely understand the intricacies of bankruptcy laws and will be with you every step of the way to ensure you get the best possible results. These lawyers want to help you find a way out of your financial burden, so you can count on them to represent your best legal interests in court. Your lawyer will give his best to help you keep most, if not all of your assets. But more than just relying on a bankruptcy attorney Utah residents can trust, you must also be take the time to read about bankruptcy to fully understand the circumstances of this fiscal condition.