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 also 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 Our Firm To Represent You
There are many different attorneys who can file bankruptcies; however, the attorneys and staff at Randle Law offer a very personalized experience from beginning to end. One size does not fit all; therefore, attorneys at Randle Law will craft a plan of action that is specific to your budget, your assets and the goals you have for your financial future. Bankruptcy is far from simple and stress over debt often strains relationships. The attorneys and staff represent bankruptcy clients through a holistic approach knowing the impact finances have in all areas of life. They are there to get you back on track to financial success.
April Perry Randle in Chattanooga, Tennessee, is concerned about individuals’ lives, not just about case files. She has helped hundreds of people walk through bankruptcy. She knows the rules and procedures and has garnered respect from colleagues, clients and the legal community. She can ease the stress of the process by knowing the detailed landscape of Federal Law. Get out of debt and on to life’s priorities – Family and Community. Inquire about a free, initial consultation to find a better future for you and your family in a concerned, non-judgmental setting.
Schedule A Consult Today To Learn More About How The Law Can Help You
Learn more about stopping creditor harassment, preventing foreclosure or keeping your car.
Law Office of April Perry Randle is a debt relief agency. They help people file for bankruptcy relief under the Bankruptcy Code.