Chattanooga Credit Card Debt Lawyers

Credit cards are a nice convenience. When used strategically, they can positively contribute to your long-term financial health and overall credit score. They can also free you from having to pay cash each time you make a purchase and give you the flexibility to pay over time.

However, when you begin missing payments, that little plastic card can start to feel like an anchor weighing you down. If you are struggling with credit card debt and seeking a sound debt relief solution, bankruptcy may be the best option.

At Tom Bible Law, we help individuals and families throughout Tennessee and North Georgia resolve credit card debt by guiding them through Chapter 7 and Chapter 13 bankruptcy. With over 18 years of experience and a strong track record of success (10,000+ satisfied clients), our office is known for providing clients with strategic legal advice that empowers them to improve their financial situations.

Contact us online or call (423) 690-7712 to request a consultation with our Chattanooga credit card debt attorneys. We have offices in Chattanooga and Tullahoma.

Your Bankruptcy Options for Eliminating Credit Card Debt

Credit card debt is sometimes referred to as “zombie debt” because it never seems to go away. Debt collection services can buy old credit card debt accounts for pennies on the dollar, then go after debtors seeking the full value of the debt. If they secure judgments against you, they can garnish your wages, seize money from bank accounts, and take legal action against you. Filing for bankruptcy not only stops them from taking these actions, but it also resolves your underlying debt problems.

Chapter 7 Vs. Chapter 13 Bankruptcy

You have two main bankruptcy options for resolving credit card debt: Chapter 7 and Chapter 13. Regarding the first of these options, it’s important to know that credit card debt is an unsecured debt, meaning it’s not backed by physical property that creditors can liquidate to pay what you owe. If filed strategically, Chapter 7 has the potential to completely eliminate these unsecured debts without sacrificing your assets. However, certain financial restrictions could make you ineligible for this type of bankruptcy, especially if you’re a high earner.

If you do not qualify for Chapter 7 or it is not in your best interests, you may also seek credit card debt relief by filing for Chapter 13. This type of bankruptcy can give you a chance to catch up on payments by giving a manageable course of action to reorganize your finances and decrease the amount you need to pay each creditor. This plan typically involves making one monthly payment over 3-5 years and usually prioritizes secured debts before unsecured ones.

How Our Credit Card Debt Attorney Can Help You

Navigating credit card debt can be complex, but our team is here to simplify the process and provide comprehensive legal support. Here are several ways we can assist you:

• Personalized Legal Advice: Every financial situation is unique. We take the time to understand your specific circumstances and provide tailored legal advice that meets your needs. We will explore all available options, ensuring you make informed decisions about your financial future.
• Representation in Legal Matters: If you face a lawsuit or need to negotiate a settlement, having an experienced attorney by your side is crucial. We will represent you in all legal matters, including court appearances and negotiations with creditors. Our goal is to protect your rights and advocate for the best possible outcome.
• Debt Relief Strategies: We are skilled in various debt relief strategies, including negotiation, settlement, and bankruptcy. We will work closely with you to determine the most suitable approach for your situation. Our priority is to help you achieve a debt-free life while minimizing any negative impact on your credit score.
• Education on Consumer Rights: Many individuals are unaware of their rights as consumers, especially when it comes to debt collection. We will educate you about your rights under federal and state laws, empowering you to take action against unfair practices and protect yourself from predatory creditors.
• Ongoing Support: The journey to financial recovery doesn’t end once the immediate issues are resolved. We are committed to providing ongoing support and resources to help you maintain financial stability. We are here to answer your questions and assist you with any challenges that may arise in the future.

Contact Our Chattanooga Credit Card Debt Attorneys Today

Success in bankruptcy is not a guarantee. Missteps often lead to rejections, and inadequate preparation could leave you in a financial situation that is only marginally better than the one you started with. Tom Bible Law can give you sound legal advice before and during the bankruptcy process. We can help you evaluate your financial situation, weigh your legal options, prepare documentation, negotiate with creditors and bankruptcy trustees, and fairly represent your interests throughout the duration of your case.

If you’re ready to resolve your debt, discuss your case with our Chattanooga credit card debt lawyers by calling (423) 690-7712.