Chapter 13 Bankruptcy

With a Chapter 13 bankruptcy, people with regular income can save their home from foreclosure through a repayment plan. This is unlike Chapter 7 bankruptcy, where most of your debts are cancelled but you may have to surrender some property to the bankruptcy trustee to pay your creditors. Because you end up paying most of your debts over time in Chapter 13 bankruptcy, it is also called reorganization bankruptcy. Chapter 13 bankruptcy isn’t for everyone. Because Chapter 13 requires you to use your income to repay some or all of your debt, you’ll have to prove to the court that you can afford to meet your payment obligations. If your income is irregular or too low, the court might not allow you to file for Chapter 13. Before filing, you must receive a credit counseling course.

Contact this Knoxville Bankruptcy Attorney to discuss your options and help you through the filing and qualification process. We understand that this is stressful time and situation. Bankruptcy is a hard decision to make, but we will simplify and explain the entire process to you in an effort to help you make an informed decision as to what option will work best for you. We can guide you through the process of filing for bankruptcy and ensure that your rights are well-protected.

We have been helping people who are struggling with debt and bankruptcy in the Knoxville area for more than 25 years. We believe in providing you with personal attention, and you will meet with the attorney one-on-one until you feel comfortable with the process. The attorney answers all questions and returns all phone calls herself.