How to Get Help When Filing Chapter 7 Bankruptcy

How to Get Help When Filing Chapter 7 Bankruptcy

As an experienced Chapter 7 bankruptcy lawyer in Nashville, Tennessee, Ron Nevin says that at his office Law Office of Ron Nevin, they have over 35 years of experience helping people who've become overwhelmed by debts they can no longer repay. For many, Chapter 7 bankruptcy offers a chance to get out from underneath their debts and make a fresh start.

Bankruptcy Attorney

When you're facing threatened foreclosure, collections agents and piles of unpaid bills, it's natural to feel overwhelmed and desperate for escape. That is why it is important to ask a skilled bankruptcy attorney for help. In my experience, the best time to reach out to an attorney for help with your debt is before you find yourself knee-deep in unpaid bills.

Believe it or not, in some cases it may be possible to avoid bankruptcy all together. However, if the bills are already piling up and collections calls have already started, it's essential that you get in touch with an attorney right away. When choosing an attorney, be sure to select someone who specializes in bankruptcy and has a long history of helping clients find relief from oppressive debt.

Two Options

Your attorney will want to talk with you extensively about your financial situation in order to determine whether Chapter 7 is really the best option for you. While Chapter 7 will certainly be the best option for some individuals, it's not right for everyone. We want to be sure we've talked through all of your options before we settle on a specific course of action.

In order to determine whether Chapter 7 is appropriate for you, your attorney will need to consider your total amount (and types) of debt and whether or not you have a steady source of income. If you are employed or have another source of income, you may qualify instead for Chapter 13 bankruptcy. In a Chapter 13 bankruptcy, your debts are consolidated into a single monthly payment. While Chapter 13 doesn't rid you of your debts, it makes it easier for you to repay them and can help protect your credit.

You are asking for a large portion of your debt to be discharged when you file for Chapter 7 bankruptcy. This means that you will no longer be legally obligated to pay it. In exchange, you agree to give up the majority of any money or assets you have. Your assets will be sold if possible, and the proceeds given to your creditors as partial repayment for what you owe. You will, however, be allowed to keep a small amount of money to cover your living expenses (called an "exemption"), and you may also be allowed to keep your home.

Attorney's Roles

Part of the bankruptcy attorney's role is to use his experience and understanding of the bankruptcy code to help ensure that you're able to keep as much as the law allows. But many people worry about whether or not they can afford to hire an attorney to help them file for bankruptcy. In my opinion, the real question is whether you can afford not to hire an attorney. Going through bankruptcy on your own can be a recipe for disaster you could end up losing more than you need to.

With over 35 years of experience, I understand that this is a stressful time. And I do everything possible to make quality representation affordable for anyone in Nashville who's considering bankruptcy. You shouldn't have to go through this alone. Hiring the right Chapter 7 bankruptcy attorney will help you move forward with a clean slate.

This article is for informational purposes only. You should not rely on this article as a legal opinion on any specific facts or circumstances, and you should not act upon this information without seeking professional counsel. Publication of this article and your receipt of this article does not create an attorney-client relationship.

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