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Call the Knoxville Bankruptcy Attorney You Can Trust

Do you live in East Tennessee? Are you struggling to make ends meet? You’re in the right place.

If you’re facing a growing pile of bills and constant calls from creditors, you’re probably wondering if there is a solution to your troubles. What you may not realize is that the law is on your side. You simply need to make it work for you. The U.S. bankruptcy code is designed to help struggling citizens “right the ship” so to speak, and get a fresh start.

About Personal Bankruptcy

Filing for personal bankruptcy can be done under Chapter 7 or Chapter 13. Chapter 7 will wipe away most of your debts in exchange for you liquidating your assets to pay off creditors. Some assets, like your home and car, could be excluded from the liquidation. Chapter 7 is considered consumer friendly and so comes with certain
income and asset requirements.

Chapter 13, on the other hand, is less consumer friendly. If you don’t qualify for Chapter 7 the Courts will have you file under Chapter 13. Under this Chapter of the bankruptcy code your debts are reorganized into a repayment plan with lower payments.

You submit a plan to the Courts based on your income and your ability to repay. The plan is then scrutinized by your creditors who can object to your plan. However, many creditors don’t participate in the proceedings which means the Courts may accept your plan outright.

Why Call Us?

Call the Knoxville bankruptcy attorneys who care. When you meet with us we’ll take time to listen to your concerns and gather all the facts. We’ll also be sure to carefully answer any and all questions you have. We will then create a custom plan designed to reduce your debts as much as possible while safeguarding your assets. Call us today to set up a free, no-obligation consultation today. You’ll be glad you did!

Other Bankruptcy Information

10 Things Bankruptcy Courts Won’t Tell You:

1. “Personal bankruptcy isn’t just for poor people.”
2. “There’s no one-size-fits-all solution to bankruptcy.”
3. “If you don’t have equity in your house, you can probably keep it.”
4. “Bankruptcy could actually improve your credit score down the road.”
5. “Debt-settlement firms often do more harm than good.”
6. “Don’t settle with Mom first or “sell” your assets to friends.”
7. “Save up a little before you file.”
8. “Just because your bills stop coming doesn’t mean you shouldn’t pay them.”
9. “When you owe more than you own, it’s time to consult a lawyer”
10. “Bankruptcy doesn’t have to be the end of the world.”

To read more about the 10 things bankruptcy courts won’t tell you, read the full article at SmartMoney.

Check out our blog for more information about bankruptcy and tax law.

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