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[GRAPHIC: Rothschild & Ausbrooks, PLLC, ATTORNEYS AT LAW, 615-866-2265, Board Certified Consumer Bankruptcy Law Specialists, 1222 16th Avenue South | Suite 12 | Nashville, TN 37212]
EDGAR ROTHSCHILD: Folks who are considering whether or not they need to file a bankruptcy generally are facing either a medical debt or they've lost their job or they've been cut back on the number of hours that they can work.
MARY BETH AUSBROOKS: Every one who comes in, there's some reason that that really pushed them over the edge and needed to seek out this extraordinary relief.
EDGAR ROTHSCHILD: What we find generally is that most people's income is just barely enough to meet their expenses and they live paycheck to paycheck. And so any intervening event which will disrupt that flow of money causes them to get behind on their bills and then they need some help.
When a bankruptcy case is filed, an automatic stay goes into place that protects the debtor from any kind of collection action.
MARY BETH AUSBROOKS: Once the case is filed, then you seek a discharge. A discharge of debts means that your legal obligation to pay those debts back is gone.
EDGAR ROTHSCHILD: We are in a notice foreclosure state and so foreclosures happen very quickly. And there are many times when we file a bankruptcy on the eve of foreclosure to stop it.
MARY BETH AUSBROOKS: If your spouse is not aware of your finances, you are able to file for bankruptcy. A husband and wife do not have to file bankruptcy together.
EDGAR ROTHSCHILD: If you're thinking about filing a bankruptcy it's important to consult with my website and look at the checklist of items that we need you to bring in so that we can comply with the terms of the bankruptcy code as far as information is concerned.
[GRAPHIC: Rothschild & Ausbrooks, PLLC, ATTORNEYS AT LAW, 615-866-2265, Board Certified Consumer Bankruptcy Law Specialists, 1222 16th Avenue South | Suite 12 | Nashville, TN 37212]
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