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Bankruptcy can provide you with a fresh financial start

With the state of the economy and the rising unemployment rate, people are starting to realize that they can't make ends meet. For those who have credit accounts, finding a way to pay these may become a priority; however, it might not be possible because they have to cover the payments for life's necessities.

Depending on how long the situation lasts and how much creditors are willing to work with them, some individuals might have to take drastic measures. If you can't get the creditors to pause your minimum payments or provide you with other forms of relief, you may need to file for bankruptcy. We are here to help you with the process.

A personal bankruptcy is a way that you can regain control over your finances. If the constant calls from the creditors are adding stress to your life, you'll appreciate the automatic stay. This is a court order that forbids the creditor from being able to contact you in an effort to collect the debt.

There are two primary types of personal bankruptcy – Chapter 7 and Chapter 13. A Chapter 7 is subjected to the means test but doesn't require you to make regular payments to the trustee. A Chapter 13 isn't subjected to the means test, but you must be able to make payments to the trustee for the next three to five years.

We know that you might not want to think about filing bankruptcy; however, it is a valuable tool for people who need a fresh financial start. We can help you learn about the requirements and get your case moving forward.

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Cleveland, TN 37364-1515
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