Are you overwhelmed with debt you can't pay?
Chapter 7 bankruptcy allows you to get rid of debts like credit card bills and medical debt without paying them back.
You can usually even keep property like your home and car, depending on the exemptions available in your state.
What does that mean for the average person? It means that if you've reached the point in your life where you simply cannot pay all that you owe, the law allows you to have a fresh start.
The law doesn't require you to remain in perpetual debt that you can't pay or be continually subjected to creditor calls demanding payments you can't make. Chapter 7 allows you to legally discharge your debt and start over.
Should you find yourself in a situation where you can no longer make your house payments but your home is impossible to sell because you owe more than its value, Chapter 7 can provide relief through discharge of the mortgage debt.
If a creditor repossesses your car and demands payment, Chapter 7 can provide relief from that debt.
Chapter 7 also stops lawsuits against you from people trying to collect for debts you can't pay.
If you would like to know more about Chapter 7 bankruptcy and how it might help you and your situation, contact us online or call (901) 327-2100 today. One of our attorneys would be glad to talk with you about your options, free of charge.
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See also:
Our Bankruptcy Resources Page
