Experienced Guidance For Bankruptcy Filings
Filing for bankruptcy may be the right option if you cannot afford your minimum credit card payments or if you are facing a large financial obligation without a savings. Chapter 7 bankruptcy allows a person to remove their debts and gain relief from crushing payments. At Forrester Law Office, we help people in east Tennessee file for bankruptcy so they can have the financial freedom to move forward with their lives.
Attorneys Who Take The Stress Out Of A Bankruptcy
Our Clinton lawyers can guide you through the entire bankruptcy filing process and can give you a straightforward explanation of legal terms. We can discuss your circumstances and then help you decide if filing for bankruptcy is the right choice. If you decide to file for bankruptcy, our staff will manage your filing and keep you updated with developments.
What Is A Chapter 7 Bankruptcy Filing?
Chapter 7 bankruptcy filings, also called straight bankruptcies, allow a person to wipe away their unsecured debts. These filings require a person to liquidate their assets to pay back creditors. These liquidated assets can include a secondary vehicle, stocks, bonds and other assets. For many people, a single vehicle, home and other basic necessities are exempt from liquidation. Our attorneys can determine what property is exempt and negotiate to get you the best possible outcome.
A Chapter 7 bankruptcy can discharge many types of debts, including:
- Credit card debt
- Medical bills
- Past-due utility bills
- Business debts
- Personal loans
Some debts, such as most types of student loans and child support payments, are not dischargeable with a Chapter 7 bankruptcy filing. There are also certain time restrictions when filing for bankruptcy if you have previously filed a Chapter 7 or Chapter 13 bankruptcy. We can tell you what debts qualify for ejection and find out if you are eligible to file for bankruptcy.
Get Free Bankruptcy Information In A Consultation
We can discuss your bankruptcy filing in a free consultation and give you a plan for how we can help. Our attorneys will be by your side in the courtroom and file the needed paperwork on your behalf.
We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.