Memphis, Tennessee, Lawyer for Chapter 13 Bankruptcy
Chapter 13 bankruptcy is a substantially more involved process than Chapter 7, and it requires making monthly payments to a trustee for a period of three to five years. However, this type of debt reorganization is a viable option for some people who need debt relief but do not qualify to file a Chapter 7 bankruptcy.
Please contact the Jonathan Garrett Law Firm if you are seriously considering filing bankruptcy in western Tennessee. In a free initial consultation, we will provide helpful information and help you evaluate your legal options before filing.
Significant Debt Relief for Those With Higher Incomes
There may be many reasons why a solid professional or wage earner falls behind financially and becomes forced to consider bankruptcy. Changes to our laws in 2005 may impact your ability to file Chapter 7 in this situation, but by filing Chapter 13 bankruptcy you may still be able to:
- Obtain discharge of large unsecured debts, in order to recover your financial stability
- Stop creditor harassment
- Prevent a home foreclosure
- Preserve other critical assets such as retirement accounts
Lawyer Jonathan Garrett has successfully filed many Chapter 13 cases, and he will personally explain the requirements, walk you through required processes and represent you in court proceedings. Some of the steps and obligations are:
- Collecting and analyzing a variety of documents showing all your current debts and monthly expenses, your assets and your income over the past two years
- Developing and submitting a plan for the repayment of certain priority debts in full — such as taxes and back child support — and a percentage of other debts
- Making monthly payments to a trustee and complying with the trustee's requests for information throughout your three-, four- or five-year plan
Caring, Realistic Legal Counsel in Shelby, Crockett, Hardeman and Other Western Tennessee Counties
Our law firm is committed to providing the information you need to make a sound, informed decision about filing a Chapter 13 bankruptcy. This includes a clear, straightforward overview of the challenges as well as the benefits.
We also strive to make debt relief affordable to you by offering a free consultation and flexible, affordable fees. Please contact us now to arrange a prompt, informative meeting with experienced bankruptcy attorney Jonathan Garrett.
We are a debt relief agency. We help people file for relief under the Bankruptcy Code.
