Tim Larsen is a bankruptcy attorney who came on GTU to talk about holiday debt and getting your financial life in order.
He says January is a time when many Utah families are feeling overwhelmed with holiday debt. If you have debt that has piled up over years and years, bankruptcy can be an option.
There are different chapters of bankruptcy, and every person's history is different, so it is important to talk to a professional like Tim Larsen. He offers a free consultation.
Bankruptcy does stay on your credit record for ten years, but it doesn't necessarily mean you can't get a credit card.
You can contact Tim Larsen at his firm, Diaz and Larsen at 307 West 200 South, Suite 2004 in Salt Lake City. (801) 596-1661
You can find more information at: http://www.diazandlarsen.com