Do you have bankruptcy questions? Get answers now from Experienced Nashville Bankruptcy Lawyers.
Filing for bankruptcy can seem overwhelming and scary. It’s a good idea to ask some questions regarding your options and rights before you decide to file for bankruptcy. At Flexer Law, you can meet with an experienced bankruptcy attorney in Nashville, Murfreesboro, or Columbia to get all of your bankruptcy questions answered before you file. Your initial consultation is free and can help you determine if filing for bankruptcy is the right thing for you to do.
Understanding the Types of Bankruptcy: Which One is Right for You?
The two Chapters of consumer bankruptcy are Chapter 7 and Chapter 13.
Chapter 7 bankruptcy allows consumers to get a “fresh start” by wiping out many unsecured debts, including credit card debt, medical bills, payday loans, and more. Chapter 7 is known as “liquidation.” From the moment you file Chapter 7 Bankruptcy, your creditors must leave you alone. This includes garnishments, phone calls, letters, and lawsuits. All of these actions must be stopped immediately. The Chapter 7 process typically takes about 4 or 5 months from start to finish and you would normally only have to appear in court one time. Learn more about taxes and Chapter 7 bankruptcy.
Chapter 13 bankruptcy can help reorganize your debt into payments that you can afford, rather than the rate that your creditors want you to pay. Chapter 13 usually allows you to keep your home, vehicle, and other possessions, even if you’re facing the threat of foreclosure or repossession. If you’re behind on your home or vehicle payment(s), Chapter 13 can be a good option to stop any collection activity, foreclosure, or repossession so you can keep your property and repay the amount you are behind and the ongoing payments at an affordable rate. Learn how to keep your car during Chapter 13 bankruptcy.
Which Chapter of Bankruptcy Should I File?
If you’re unsure which Chapter is the right option for you, call and schedule a free consultation today with one of our bankruptcy lawyers. The attorney you work with will have the knowledge and experience to explain the benefits and potential disadvantages of filing for Chapter 7 or Chapter 13 bankruptcy based on your unique situation.
If you decide to file for bankruptcy, our role is to make the process as low-stress as possible. We will assist you in filling out all of the paperwork, appear in court with you, and remind you of all of the deadlines in your case. And our friendly staff is always ready to help you when you have questions – we’re just a phone call away.
Experience Matters: Top Bankruptcy Law Firm in the Middle Tennessee
According to the federal government’s Public Access to Court Electronic Records (PACER) system, we consistently file more bankruptcy petitions than any other law firm in the Middle District of Tennessee. We have filed more than 30,000 bankruptcy cases. We have helped many others in your situation and are ready to help you, too!
We Will Work With You – Payment Plans Available
We understand times are tough and many people may be worried about how they will pay attorney fees. We will work with you to make payment arrangements. For example, we handle many Chapter 13 bankruptcy cases with no money down, and you pay your court costs and attorney fees through your Chapter 13 plan. Your first consultation with an attorney is always free.
Download our free report now: “6 Big Mistakes to Avoid Before Filing Bankruptcy”