Life After Bankruptcy: What to Expect


If you are thinking about filing for bankruptcy in Utah, you may have reservations. Many people don’t know what to expect to happen after filing for bankruptcy. That’s why it is important to talk to an experienced bankruptcy attorney to learn about the process and what your financial situation might look like after the bankruptcy judgment.

Here are some of the frequently asked questions that people have about life after bankruptcy.

Can I have a credit card?

Yes. This is a major concern for many debtors. Even if you aren’t interested in credit card spending, sometimes you need a valid credit card to do things like rent a hotel room. There are credit cards available to people who have gone through bankruptcy proceedings. These cards are “secured” cards, which are secured by your bank account or a security deposit paid up front. Other than being secured, these cards work the same way as normal cards.

Can I own things like a house or car?

Yes. In many cases, your home or car may be exempt. It also depends on which bankruptcy chapter you file.  If you want to keep your house, be sure to continue making on=time payments. Talk with a bankruptcy lawyer before deciding to file anything to go over the details of your particular situation.

Will all of my bills go away?

Maybe not. Some bills are not dischargeable by a bankruptcy judgment. These include:

  • Back child support or alimony
  • Student loans
  • Back taxes (with some exceptions)
  • Criminal fines
  • Other

Because there are very specific rules that apply when discharging debts, you must contact an attorney to be sure that all of your dischargeable debts are included in your judgment.

Will I still get phone calls?

No, you shouldn’t. When you file for bankruptcy, there is an automatic stay on all debt collection efforts. If a debt collector bothers you after you have filed for bankruptcy, contact an attorney.

Call a Salt Lake City Bankruptcy Lawyer Today to Schedule a Free Consultation

There is life after bankruptcy, and in many cases, it is better than life saddled with the weight of debt problems. To learn more, contact us at JLT Law to discuss your options. The sooner you decide to file for your Utah bankruptcy, the sooner you can take back control of your financial future. Call us today at (801) 896-9444.