People sometimes wonder whether they can file bankruptcy. They may have heard that recent bankruptcy reform has changed the rules. The good news is that most people are still eligible for Chapter 7 bankruptcy. This type of filing liquidates an individual’s property to pay debts and discharges the debts that cannot be paid. In most cases, the home and personal property the average person owns is exempt from liquidation under Chapter 7 Bankruptcy. And people ineligible for Chapter 7 may still be able to get relief from their creditors through a Chapter 13 bankruptcy.
At our law firm, The Cave Law Firm, PLLC, we assist clients with Chapter 7 bankruptcy filings. Our firm is a family-run business that has been operating in this part of Tennessee since 1974. With offices in Greeneville and the Tri-Cities, we are committed to explaining the process and providing clients with the tools they need to start over.
Reasons to File Chapter 7 Bankruptcy
There are many reasons to consider bankruptcy. Are you in danger of losing your home? Are bill collectors calling you at home and at work? Have your personal finances been ruined by an illness in the family? Did you lose your job and can no longer make car and house payments?
Stop Harassing Phone Calls and Wage Garnishment
Once you file bankruptcy, the law requires creditors to stop calling you at home or work. They are also prevented from garnishing your wages. These provisions of the law, collectively called the “automatic stay,” give debtors some breathing room.
In addition, the Tennessee bankruptcy law allows you to keep some of your property. Consult a knowledgeable lawyer to find out whether you might be able to retain some of your assets after filing bankruptcy.
Sensitive to Your Concerns About Bankruptcy
We know that there are a lot of emotions associated with filing bankruptcy; our attorneys and staff are highly sensitive to this. Our bankruptcy legal assistant, Althea Cuadras, is friendly and willing to explain the process. Our attorneys take the time needed to listen to clients, hear their concerns and make sure they understand the long-term benefits and consequences of a Chapter 7 bankruptcy. We are not a bankruptcy mill.
To learn if you are eligible for a Chapter 7 bankruptcy filing, contact The Cave Law Firm toll-free at (855) 228-3529. You will find us to be aggressive with creditors and determined to help you keep as much property as possible. Based in Greeneville and Kingsport, The Cave Law Firm, PLLC, represents clients throughout the Tri-Cities and Eastern Tennessee.
We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.