Chapter 7 Bankruptcy Attorneys Lawyers Chattanooga, Tennessee
Chapter 7 Bankruptcyprovides the qualified Debtor with a "fresh start". With some exceptions all unsecured debt is discharged. There are certain debts that can not be discharged. In a Chapter 7 the Debtor can surrender secured assets and have that secured debts discharged as well. Under certain circumstances a Debtor may choose to keep secured assets and reaffirm the debt with the creditor. For example you want to keep your house and continue making your mortgage payments. As with a Chapter 13, a Trustee is appointed by the Court and is vested with many powers and obligations, including the obligation to determine if there is any property which can be liquidated in order to pay all or part of the unsecured debts. The decision to enter into Chapter 7 should not be taken lightly nor without the advice of an attorney / lawyer experienced in bankruptcy law. Chapter 7 bankruptcy provides many benefits, but there are potential pitfalls as well. See one of our Chattanooga bankrupcty attorneys for advice. |
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** Please consult a bankruptcy attorney for details on eligibility requirements Return |
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The information contained in this web site is for general informational and marketing purposes only, and is not intended as legal advice, nor does it establish an attorney-client relationship. To receive legal advice from Purple Law Firm or its attorneys lawyers call or email for an appointment. This is a commercial web site and it contains information which is considered paid advertising, and all information contained herein has been reviewed by the attorneys lawyers of Purple Law Firm. Call today to speak to an attorney lawyer in Chattanooga, TN. Purple Law Firm is a member of Hamilton Law Center, PLLC, An association of attorneys. The term attorneys / lawyers herein referes to that association and/or is for marketing purposes only, and in no way is intended to imply anything further. |
The State of Tennessee recognizes Certifications of Specialization in all areas of practice relating to or included in the areas of Civil Trial, Criminal Trial, Business Bankruptcy, Consumer Bankruptcy, Creditor's Rights, Medical Malpractice, Elder Law, Estate Planning and Family or Domestic Law. Listing of related or included practice areas herein, does not constitute or imply a representation of certification of specialization. Furthermore, the use of the terms "Bankruptcy Attorney", "Criminal Defense Attorney", "Estate Planning Attorney", "Divorce Attorney", and the like is for general marketing and practice area identification purpose only, and is not intended to imply certification of specialization. Our attorneys lawyers are experienced in said practice areas, but are not "Certified Specialists" unless specifically indicated. |
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