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Bankruptcy Knoxville

Millions of Americans are facing financial trouble. Are you one of them? Then you’re at the right place.

If you’re struggling to meet all your financial obligations, then you probably feel like the chips are stacked against you and you have no way out. But in reality, the law is on your side. You simply need to use it to your advantage instead of letting your creditors continue to abuse your rights. Tennessee law allows consumers to protect themselves through bankruptcy.

If done the right way, bankruptcy will put you on the path to sound financial footing and allow you to possibly keep many of your assets.

MLF is a full-service and experienced Knoxville Bankruptcy law firm and we’re here to help you get the help you need. We offer consultations with no obligation. Simply call us today to set up an appointment and we’ll start right away to help you get your life back on track.

Remember, bankruptcy means solutions. Call us today at 865-622-2956 to get your personalized solution from an experienced Knoxville bankruptcy attorney. With our help, you can get a fresh start to your finances.

When you come to see us, the consultation and advice are completely and there is never any obligation. After discussing your case with us we will outline a customized plan specific to your needs. We’ll work to get the best possible bankruptcy outcome for you.

Working with us you will be given a full bankruptcy evaluation and all your options will be thoroughly discussed.  Our attorneys are familiar with the Tennessee and federal laws and can easily guide you through the process and inform you of any pitfalls.

Why You Should Call Us?

When it comes to your financial well-being, you shouldn’t take chances. Our firm has the skill and experience to get the law working for you rather than against you. We’ll stop the creditor harassment and negotiate on your behalf with creditors and the Courts. With our help you may be able to discharge most or even all of your debts and safeguard your assets where possible. If nothing else, come in and meet with us so you can see what your options are. Then you’ll be able to make a decision that works for you.

Bankruptcy Knoxville is what we do. Call now!

What happens in the Bankruptcy Process?

The bankruptcy process begins when we file a petition in court on your behalf. At the same time we will file a list of assets and liabilities you have and a statement of your current income and spending. This information is used by the Courts to determine your obligations and ability to repay. We will also submit tax returns, copies of contracts and leases, and a certificate of credit counseling. Within 20-40 days a meeting of creditors will be held.

This meeting will occur downtown at the U.S. Courthouse on Market Street. At this meeting your creditors and the Trustee will be able to ask questions about your income, debts, and assets. Ten days later the Trustee will file a report that states whether you qualify for Chapter 7 bankruptcy relief. If not, you may be able to file under Chapter 13. Typically within four months of filing the petition the discharge will occur and the bankruptcy will be complete.

For more information, call us to set up an appointment at 865-622-2956.

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The city of Harrisburg, Pennsylvania is currently facing financial problems and is looking
into possibly filing for bankruptcy. The city voted to hire an elite NY law firm to help
them explore their options and oversee their case.

Details of the contract must still be finalized. Paul Zumbro, a partner in the
restructuring practice in Cravath’s corporate department, said he has made no
conclusions yet on whether Harrisburg should file for Chapter 9 bankruptcy
protection.

The other partner on the case, Richard Levin, has had experience with Chapter
9, such as the pending case of New York City Off Track Betting Corp., and
worked on the bankruptcy code itself in 1978, according to Zumbro. Levin has
also represented municipal-debt issuers, such as Gardena, Calif., in negotiating
solutions to avert bankruptcy filings.

Zumbro said the firm decided to offer its services free because Harrisburg “is a
significant situation. It’s a state capital.”

He added, “We do have a long history of doing challenging pro bono work, and…
continue reading

It’s important to have someone on your side in a bankruptcy who knows what they’re doing. Call us to get the help you need.

Knoxville EEOC Attorney

This could be the first time in six years that General Motors will post profits as a business. In a well-publicized and much-maligned ordeal, the company filed for bankruptcy last year. The third quarter alone of this year brought more than $2 billion in profit.

These results represent an increase of 50.4 percent from the second quarter, when the company posted $1.33 billion in net income. Year-to-date earnings are $4.2 billion after taxes and interest.

One year after exiting bankruptcy, GM says it is on track to become profitable.

“As demonstrated by our third consecutive quarter of profitability and positive cash flow, these results continue our significant progress,” Chris Liddell, vice chairman and chief financial officer, said in a statement released Tuesday.

GM’s profits surpass rival Ford, which posted a $1.7 billion profit for the third quarter. Chrysler reported a net loss of $84 million.

GM’s numbers are expected… continue reading