The attorneys at Dexter & Dexter know how to get the job done!
We are thrilled to have them in our corner.
– Roxanne Bennett
My experience as a client of Dexter & Dexter has been one of skilled and caring advocacy. I really appreciate all of their help.
– Mike Mann
My husband and I really needed help after complications with the birth of our baby. We were very happy that DexterLaw won our trial.
– Julie Walker
I am very pleased with the work that Dexter & Dexter performed for my business. I highly recommend their attorneys to my family and friends.
– Jefferson Moss
I chose DexterLaw because they
blend expertise and experience
to prevent “legal smoke”
— Don’t breathe this!
– Tom Dickson, CEO – Blendtec
   WillitBlend.com
I was thrilled with the integrity and efficiency of my attorney. He handled the case with tactful professionalism. DexterLaw exceeded my expectations!
– Denise Clegg
DexterLaw attorneys did a great job helping us prepare for our future. We sleep better knowing that our family’s interests are protected.
– Greg & Katie Fix
In order to win the gold, you need to go to the mat with the best team in your corner. That’s why I have chosen DexterLaw to represent me.
– Rulon Gardner, Olympic & World Champion
Life is an adventure. We are grateful that DexterLaw takes care of things so that we can focus on having the right kind of adventures!
– Gary Winterton, Creator & Host, Hooked on Utah
The law firm of Dexter & Dexter understands that law and business are all about people and relationships.
– Eric Hansen
I was delighted with the personal attention that I received from Dexter & Dexter. Their attorneys and staff are both helpful and professional.
– Jeanne Benson
My family turned to DexterLaw for help when we needed it most. They really care about their clients.
– Guadalupe Valencia

Chapter 13 Bankruptcy

CHAPTER 13 BANKRUPTCY

Chapter 13 bankruptcy is often called reorganization bankruptcy.  In a chapter 13 bankruptcy, the debtor is allowed to keep all of his or her assets, provided that the debtor can continue to make the regular payments on the loans that may secure those assets.  Generally, chapter 13 is preferred by debtors who have a valuable asset, such as a home, that is not completely covered by exemptions and that they wish to keep.  This is possible because under Chapter 13 a debtor proposes a plan to repay creditors over a three to five year period during which the debtor can make up overdue payments on any assets and pay into the plan the equivalent value of any assets not covered by exemptions. Since the debtors plan will require regular monthly payments, Chapter 13 is usually only appropriate for an individual debtor who has a regular source of income.

At a confirmation hearing, the court either approves or disapproves the plan, depending on whether the plan meets the Bankruptcy Code’s requirements for confirmation. Chapter 13 is very different from chapter 7, since the chapter 13 debtor usually remains in possession of the property of the estate and makes payments to creditors, through the trustee, based on the debtor’s anticipated income over the life of the plan. Unlike chapter 7, the debtor does not receive an immediate discharge of debts. The debtor must complete the payments required under the plan before the discharge is received. The debtor is protected from lawsuits, garnishments, and other creditor action while the plan is in effect.

Advantages of filing chapter 13

  • The debts are not paid through the sale of the debtor’s assets.
  • A foreclosure proceeding can be stopped by a chapter 13 filing, and the debtor can keep a residence by paying the arrearages through the plan.
  • A chapter 13 can be dismissed or converted to a chapter 7 by the debtor at any time.
  • You can file for chapter 13 after only 4 years since filing a chapter 7.

Disadvantages of filing chapter 13

  • The debtor must make a monthly payment for 3-5 years in order to pay back either a portion or all of the debts, depending on the debtor’s income and equity in assets.
  • A discharge is not granted until the 5 year period is up and all payments have been made.
  • There are debt limitations.
  • Credit repair could be delayed due to the length of the plan.

Frequent Questions Related to this practice area