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Filing for Bankruptcy

Attorney Justin Myers will meet with anyone, free of charge, for an initial consultation regarding bankruptcy and possible options.


With everything that happened with the economy lately, a lot of people find themselves in financial difficulty, unable to keep up with their monthly bills, and often hounded by bill collectors. According to attorney Justin Myers, who specializes in debt relief and bankruptcy, individuals thinking about filing for bankruptcy would be wise to consult with an attorney before beginning the process.

Myers says, "First of all, every case is different. My job is to make sure my clients understand their optionsâ"”and, I make a recommendation that serves their best interest. My initial consultation is free."

Myers typically deals with Utah Chapter 7 and Chapter 13 bankruptcies. He says there are advantages and disadvantages to each.

"Chapter 7" bankruptcy can be a good option for people who have excessive amounts of unsecured debt and are finding it difficult to keep up with their minimum payments. Unsecured debt is any debt that is not backed by any type of collateral. Examples of unsecured debt include credit cards and medical bills. One of the main advantages of a Chapter bankruptcy is that it can completed in as little as 120 days, compared with a typical Chapter 13 filing that can take up to five years. The main disadvantage to a Chapter 7 bankruptcy is that you may be at risk of losing some of your personal property in order to pay your creditors. Having said that, bankruptcy law allows you to keep certain critical property up to a certain dollar value that is necessary to live a normal life, including a home, car, household goods and tools of your trade," Myers says.

He adds, "Chapter 13 bankruptcy can be a favorable debt relief option for people who have a steady income but are having difficulty keeping up with their monthly bills. Typical Chapter 13 candidates may be able to handle their debt load on their current income, but a single unexpected expense like a medical bill turns their life into extreme financial hardship. Chapter 13 bankruptcy involves repaying your debt over a three to five year period according to a court approved payment plan. Typically, in Chapter 13 bankruptcies my clients end up paying back only a fraction of what they owe, usually pennies on the dollar. Possibly the greatest advantage of Chapter 13 over Chapter 7 is that you don't risk losing any of your property because you are repaying the debt. Plus, in some circumstances with a Chapter 13 bankruptcy, clients can strip off or eliminate their second mortgage loans, if they're upside down in the first mortgage."

Myers notes that with a bankruptcy, you can stop garnishments from your wages, stop foreclosure sales and sheriff sales. Also with a bankruptcy, you can often times get rid of credit card debt, medical debt, collections and judgments. On the other hand, things like student loans, taxes, child support, alimony and criminal restitution are not allowed to be discharged during a bankruptcy.

Myers has a bachelor's degree in accounting and a law degree from the BYU J. Reuben Clark Law School. He also had an externship with U.S. Bankruptcy Judge Judith A. Boulden, where he helped prepare cases and gained an in-depth knowledge of bankruptcy law and process. He has been practicing law for seven years and have assisted hundreds of people with the bankruptcy process.

Studio 5 Special Offer:

Myers special offer for Studio 5 viewers is that he will provide a free initial consultation where he can meet you and go over your options if you're even considering filing for bankruptcy. Call (801)572-0506, or you can visit the website, jmmlegal.com.


Justin M. Myers, Attorney at Law, LLC
Phone: (801)572-0506
Website: www.jmmlegal.com
Office address: 1194 West South Jordan Pkwy.
Suite A South Jordan, UT 84095

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