Drowning In Debt? You Have Options.
Whether you are underneath mountains of credit card debt, medical bills or behind on your house payments, you have the ability to obtain financial relief. One option involves filing for bankruptcy.
Two Main Types Of Bankruptcies
There are different types of bankruptcies available to consumers in Tennessee. Which one is the best for you will depend on your circumstances and goals. The two most common types are Chapter 7 and Chapter 13.
What Is Chapter 7 bankruptcy?
Chapter 7 is often referred to as “straight bankruptcy.” The goal is to eliminate as much debt as possible. Unlike Chapter 13, Chapter 7 is not a repayment plan; you wipe out credit card bills, medical bills and most other debt, and simply continue making payments for the items you desire to keep such as your home or your car.
Chapter 7 can provide tremendous relief by allowing the discharge of debts following a divorce, job loss or medical emergency.
What Is Chapter 13 bankruptcy?
This type of personal bankruptcy involves repayment of your debts over a three-to-five-year period. It allows you to catch up on missed house payments so you can avoid foreclosure. This structured payment plan can help you restructure car and other loan payments while paying zero percent interest on your credit cards and medical bills.
This option allows you to pay your debts on your terms while preserving treasured assets. You can also include certain debts that would not otherwise be eliminated in a Chapter 7 bankruptcy such as tax debts, property settlements from a divorce, student loans and past-due child support payments.
Choosing My Firm To Represent You
There are many different attorneys who can help you with your bankruptcy filing. Many offer cheap, quick settlements. However, filing for bankruptcy is far from simple. Debt often strains relationships and causes emotional upset.
I am attorney April Perry Randle in Chattanooga, Tennessee, and I am concerned about individuals’ lives, not just about case files. I have helped many people file for bankruptcy. I know the rules, procedures and laws. Let me help you find the best debt relief solution for your situation so you can get out from your debt and on your way to a better future for you and your family.
Schedule A Consult Today To Learn More About How The Law Can Help You
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We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.