Chapter 7 Bankruptcy: You Can Be Debt Free
Imagine what it would be like if all of your debts disappeared. How would that change your life?
You would probably sleep better at night. You wouldn't receive threatening letters or harassing phone calls. You could keep the money you earn. You might even be able to put a little something away for a future goal — a new car, or a down payment on a house.
It's not a financial fantasy. If you qualify for Chapter 7 bankruptcy, you can discharge (eliminate) all unsecured personal debt, such as credit card debt, medical bills, utility bills and unsecured civil judgments. In many cases, you will be able to keep your house, your car and other property.
Who Should File Chapter 7 Bankruptcy?
The attorneys of Darrell L. Castle & Associates can tell you if Chapter 7 bankruptcy is an option for you. It costs you nothing to find out. We offer a free initial consultation to talk about your situation and review your options.
You should consider filing a Chapter 7 bankruptcy if you have a lot of unsecured debt, such as medical bills and credit card debt. If you have a significant amount of equity in real property or secured goods, such as automobiles, boats, furniture, appliances and electronics, you should consider a Chapter 13 bankruptcy.
When considering whether or not you qualify for a Chapter 7 bankruptcy, your attorney will be interested in knowing information such as:
- The total amount of debt owed to creditors
- The total value of all personal belongings and real property
- An accurate estimate of monthly expenses
- An accurate estimate of monthly income, including your spouse, if married
- The status of any mortgage
- All monthly payments made on secured debts
- All interests in any real property, time share property, etc., other than your residence
Our bankruptcy lawyers have more than 50 years of combined legal experience in bankruptcy law. We know how to help you through the process so you can get back on your feet again financially.
For a Free Consultation, Call Toll Free:
Don't assume you cannot qualify for Chapter 7 bankruptcy. Talk to us first. From offices in Memphis, we represent clients throughout west Tennessee.
