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Kingsport

Bankruptcy Lawyers in Kingsport, TN

Serving Clients Throughout The Tri-City Area

Tom Bible Law is a law firm with over 50 years of combined experience. During that time, our attorneys have worked to serve the community throughout the Tri-City Area with our bankruptcy law experience. We are a trusted, local law firm dedicated to helping clients achieve their debt relief goals. We offer personal, attentive client service to each and every client. Open six days a week, we offer affordable rates and flexible payment plans.

Don’t let debt control you and your life. If you need help, we are here to provide that help to you and help you explore your legal options.


Contact us online today or by telephone at (423) 690-7712 to arrange a consultation with a Kingsport bankruptcy attorney.


Types of Bankruptcy We Handle

  • Chapter 7 Bankruptcy: This type of bankruptcy provides total debt relief by liquidating the debtor's non-exempt assets to repay creditors. It is typically suitable for individuals with excessive unsecured debt, such as credit card debt and medical bills. Chapter 7 bankruptcy is relatively quick, usually taking about six months to complete.
  • Chapter 13 Bankruptcy: Unlike Chapter 7, Chapter 13 bankruptcy involves reorganizing the debtor's debt into a manageable payment plan. This plan lasts for three to five years, during which the debtor makes regular monthly payments to a bankruptcy trustee. It is often chosen by individuals who have a regular income but have fallen behind on secured debts like mortgage payments. Chapter 13 allows debtors to catch up on missed payments while retaining their assets.
  • Chapter 11 Bankruptcy: Chapter 11 bankruptcy is primarily designed for businesses, allowing them to reorganize their debts while continuing their operations. It provides an opportunity for businesses to develop a plan to repay creditors while staying open. Chapter 11 bankruptcy is often used by large corporations, but it can also be utilized by small businesses and individuals with substantial debts.
  • Chapter 12 Bankruptcy: Chapter 12 bankruptcy specifically caters to family farmers or family fishermen. It is similar to Chapter 13 in that it allows debtors to propose a plan to repay a portion of their debts over a specified period, typically three to five years. Chapter 12 bankruptcy provides unique provisions tailored to the financial challenges faced by family farmers and fishermen.

Guide to Filing Bankruptcy in Tennessee

The process of filing for bankruptcy in Tennessee may vary depending on the specific chapter you choose. Here's an overview of each chapter's procedures:

In Chapter 7, the bankruptcy trustee assumes control of the debtor's assets to repay creditors. However, most individuals who file Chapter 7 don't have assets that qualify for liquidation. To determine eligibility, the debtor must undergo a bankruptcy means test. Typically, Chapter 7 filers have their debts discharged within six months.

Chapter 13 involves establishing a payment plan lasting three to five years. We will assist you in proposing a payment plan to the bankruptcy court. Through the bankruptcy trustee, you will repay either all or a portion of your debt to creditors. Debt discharge in Chapter 13 occurs only after completing the payment plan.

Chapter 11 provides businesses protection from debt collection activities, allowing them time to reorganize and regain profitability. Depending on the circumstances, some debts may be discharged. The debt reorganization plan requires approval from the bankruptcy court.

Chapter 12 follows a process similar to Chapter 13 but is specifically designed to aid family farmers or fishermen burdened by debt.

Our Kingsport Bankruptcy Attorneys Want to Make a Difference

Tom Bible has an amazing team of lawyers in Kingsport, TN that are committed to making a real difference

The Kingsport bankruptcy lawyers at Tom Bible Law are not interested in dealing with a high quantity of cases. We are invested in creating real tangible differences in the lives of the people that we partner with in Kingsport. Our law office devotes itself to delivering high quality customer service and legal assistance.

We carefully analyze the situation and your overall financial picture to find the perfect debt relief option for you. If done incorrectly, bankruptcy can cost you significant time and money. A single misstep could mean losing property and assets.

Let us help you do it right the first time. We will handle your bankruptcy filing with the utmost care and attention to detail.

Free Consultations Available Contact Our Offices

Whether you have questions or you’re ready to get started, our legal team is ready to help. Complete our form below or call us at (423) 690-7712.

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