Debt in Bankruptcy
The decision to file bankruptcy can be daunting. You might be wondering how much life will transform, and if everything you have worked for is in danger. Despite how hard your financial issues might seem, opting to file for bankruptcy could be the decision that leads to positive, lasting change. At Rothschild & Ausbrooks, PLLC, we have bankruptcy attorneys with more than three decades. You don’t have to visit our office to get started. In a free video chat or phone conversation you will hear how effective and simple bankruptcy can be with the guidance of an experienced attorney.
If your financial burden has become unmanageable, our bankruptcy law firm offers practical solutions on various debt relief strategies including:
- Chapter 7 debt discharge: Through Chapter 7 bankruptcy filling we can assist you eliminate nonexempt debts so that they can live without the burden of dischargeable obligations and other high credit card balances.
- Chapter 13 court-managed repayment: Chapter 13 may be the right fit for individuals who have regular income but cannot catch up with the debts they owe. By looking for this kind of relief, debtors can stop contact from creditors and deliver a plan by which their debts can be repaid over a timeline of between three and five years.
- Foreclosures- If the bank is threatening to take over your property, we can help.
- Repossessions- we can prevent your property (either car or home) from being repossessed.
- Wage garnishment: We can stop creditors from taking a portion of your wages before you receive them.
Questions? You're covered.
Bankruptcy provides business or an individual an opportunity to begin afresh by forfeiting debts that they cannot pay. Meanwhile, creditors have a chance to get repayment based on the business’s or individual’s assets available for liquidation.
All bankruptcy claims go through the federal courts in the United States. A bankruptcy judge will make certain decisions, including whether a debtor has the ability to file and whether they should be discharged of their debts.
There are certain benefits you can enjoy by filing for bankruptcy in Middle Tennessee including: allowing you to emerge from default status, wipes all specific unsecured debts, and avoiding legal judgement.
If you are dealing with frantic calls from debtors, Rothschild & Ausbrooks, PLLC, can help. Over the last three decades, we have helped thousands of clients like you overcome debt and get back the financial freedom they deserve. Book a free consultation to get started today.
