Local attorney writes a book on 'Seven Secrets They Don't Want You To Know About Bankruptcy'

Theron Morrison became an attorney because he says he has always enjoyed helping people, and was tired of people taking advantage of himself and others, especially when it comes to finances.  Morrison says the average person has a difficult time getting access to our legal system, especially in situations of financial issues.  Morrison says many people don't realize that creditors sue people all the time, and they know how to make it difficult and overwhelming for the average person. 

He decided to be a bankruptcy attorney because when he was a kid, his parents went through a divorce.  Because of increasing financial obligations, his father made the decision to file for bankruptcy.  His dad was eventually able to rebuild and help support his kids through college.

Morrison says bankruptcy can actually be a help to families.  He says first it's important to understand that there are two types of consumer bankruptcy options, Chapter 7 and Chapter 13. 

Chapter 7 is sometimes referred to as "medical bankruptcy" or "liquidation bankruptcy".  Simply put a Chapter 7 will wipe out all debts, with a few exceptions.  It is set up to help good people who find themselves in difficult situations.  It allows people to start rebuilding immediately, and keep their home, cars and property.

Chapter 13 is a repayment bankruptcy where a portion of someone's debts will be repaid over three to five years. A lot of people use a Chapter 13 to get caught up on past-due house payments or to pay off taxes.

Morrison says a bankruptcy attorney can help you decide which type to file.  He's just written a book on bankruptcy in Utah titled "Are You Considering Bankruptcy?  Know the 7 Secrets They Don't Want You to Know".  The book can help Utah families be educated on the truths about bankruptcy.  The book is available on Amazon, but Morrison has a special offer to ABC4 Utah Midday viewers.

The first 55 callers who dial (801) 528-9095 will receive a free copy of the book, plus Morrison will waive his initial consultation fee, a $145.00 value.

For more information, please visit: Top of Utah Law.

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