Do You Feel Like Your Debt Is Too Much To Handle?
It isn’t hard or time-consuming to become shoulder deep in debt. Becoming overwhelmed with debt can be as easy as getting a high-interest credit card or losing a job. While some people may believe that filing for bankruptcy is the financial equivalent of giving up, it can actually be an incredibly effective measure to receive some much-needed relief from outstanding debt. There are a number of methods that people can effectively utilize to dramatically lower the amount they owe to creditors. The Pope Firm can use the law and fight for you to help lower or eliminate your debt. Our Johnson City, Tennessee attorneys understand the hardship and stress that can come hand-in-hand with debt and in turn, try to make the debt relief experience as quick and painless as possible.
There Are A Few Debt Relief Options That We Can Assist You With:
Chapter 7 Bankruptcy
If you feel like you’re unable to pay your bills, and are continuing to fall deeper into debt, Chapter 7 bankruptcy could be a great solution for you. As long as you can prove that you do not have sufficient assets or financial income to pay your debt then you will be eligible to file for Chapter 7 bankruptcy. Our dedicated lawyers will work with you to ensure you understand the process and its results entirely. Chapter 7 can provide relief from credit card debt, medical debt, lawsuit debt, and in some cases, even tax-related debt.
Chapter 13 Bankruptcy
Chapter 13 bankruptcy is another solution for an individual or family that feels they’re in debt that they aren’t sure they can get out of. The Pope Firm uses years of experience in bankruptcy law to help our clients entirely understand the situation that filing for bankruptcy may put them in. Chapter 13 is also known as the reorganization chapter of bankruptcy and is great for those people that are concerned about protecting their property and assets. As long as your filing for an individual, are able to meet the repayment terms, and have a certain amount of debt ($1,184,200 secured & $394,725 unsecured), then you’ll be able to apply for Chapter 13 bankruptcy.
Make Your Debt More Manageable Or Eliminate It Entirely With Debt Relief Solutions
The Pope Firm provides the Tri-Cities area with top-of-the-line debt relief solutions in an effort to help make their lives a little more manageable. In today’s day and age, money is everything, and unfortunately, having debt can leave you high-and-dry when it comes to your financial security. Our Tri-Cities, TN attorneys here at The Pope Firm can use bankruptcy and other debt relief solutions to help you get back on your feet and out of the grasp of creditors in no time. It’s possible to make your debt more manageable – or even better, eliminate it entirely – with debt relief solutions from The Pope Firm.
If you need assistance with personal or business bankruptcy and filing in Tennessee, reach out to The Pope Firm and Charles Pope, Attorney At Law.
Frequently Asked Questions
Avoiding foreclosure and putting an end to that dreadful harassment from debt collectors are just two of the benefits of filing for bankruptcy. Filing for bankruptcy also provides solutions to issues concerning property repossession, past-due taxes, child support payments, and wage garnishments. Fight and potentially dismiss any lawsuits that may have arose due to your outstanding debt when you file for bankruptcy. We’re here to help you understand what filing for bankruptcy can do for you and your family.
Most people are surprised to hear that individuals who file for bankruptcy usually lose little to none of their property. Every case of bankruptcy is unique and the amount that you might have to forfeit depends upon a number of complex factors. However, our firm is proud of our success in helping clients retain those precious assets that mean so much to them.
Most cases of debt can be discharged through bankruptcy, although there are some exceptions. Some debts such as most taxes, child support, and alimony payments, and student loans are non-dischargeable, which means they won’t be eliminated until entirely paid for. Fortunately, for these debts, it is possible to reschedule or re-organize your payments to be more manageable.
There are a few different kinds of bankruptcy, known as chapters, and they each work in different ways. To begin, you’ll be filing for a form of bankruptcy referred to as Chapter 7, which can eliminate all dischargeable debt. Dischargeable debt includes things like credit cards, car loans, mortgages, and medical bills just to name a few examples. Furthermore, you may be eligible to file a form of bankruptcy known as Chapter 13, which works to reorganize your debts in an effort to give you a longer period of time to pay them off. Chapter 13 is preferable to individuals dealing with nondischargeable debts, that do not qualify for Chapter 7, or have high-value assets that they wish to protect.
Filing for bankruptcy on your own is totally possible, but never professionally recommended. We believe that our clients are anxious enough without the added complexities of navigating the meticulous legal process. Having a lawyer handle your case takes the responsibility off of your shoulders and ensures that every detail will be handled correctly and in a timely manner.
Not sure you can afford an attorney? The Pope Firm offers flexible payments plans to help with your bankruptcy case. Get in touch to learn more.
The bankruptcy timeline can vary on a case-by-case basis. In general, bankruptcy cases are open and shut within three to six months, but this depends on a variety of factors. As your attorney, it is my job to make sure the process is completed efficiently and to fight for your rights every step of the way. We’re meticulous to make sure that all mistakes are countered and avoided before they occur.