Serving Clients Throughout Tennessee and North Georgia
Credit card bills, medical debt, creditor harassment — the consequences of excessive debt can make life miserable. Chapter 7 bankruptcy completely wipes out unsecured debt and stops all debt collection activities, offering people struggling with debt the chance for a clean financial slate.
If you are struggling with debt and are considering filing for Chapter 7 bankruptcy, the attorneys at the Law Office of W. Thomas Bible, Jr., are here to offer experienced legal guidance. We handle Chapter 7 bankruptcy filings for clients from Chattanooga and throughout Tennessee and North Georgia.
Contact us today online or by telephone at 423-424-3116 to arrange a consultation with an experienced Chattanooga Chapter 7 bankruptcy attorney.
What Can Chapter 7 Bankruptcy Do for You?
Chapter 7 bankruptcy is also called “debt liquidation” because in a Chapter 7, the bankruptcy trustee uses the debtor’s assets to pay off creditors. This is rather misleading, however, because most people who file for Chapter 7 bankruptcy have no qualifying assets to seize, and therefore stand to lose nothing. Many people who file for Chapter 7 are drowning in credit card debt, payday loans, medical debt and other types of unsecured debt.
Not everyone can qualify for Chapter 7 bankruptcy. In order to file Chapter 7, you must first pass a means test. The means test is a feature of the 2005 changes to the Bankruptcy Code, implemented to prevent people with the ability to pay their debts from getting those debts discharged. For those who do not qualify for Chapter 7, Chapter 13 bankruptcy is an alternative.
Our Chattanooga Chapter 7 bankruptcy attorneys will guide you through all stages of the bankruptcy process. We are committed to helping you stop your creditors, while getting a clean financial start.