Bankruptcy in Williamson County
When people walk into our office, they often come with many misconceptions about bankruptcy. They fear bankruptcy will cause them to lose their home, their car and any chance of getting credit in the future. Yet, in most cases, bankruptcy has the opposite effect.
Through bankruptcy, you may be able to stop foreclosure, stop creditor harassment, stop repossession of your car and prevent your credit score from tumbling due to unpaid bills. Bankruptcy offers many people the chance to reduce or eliminate their debt and become free from financial turmoil.
If you are considering bankruptcy in Williamson County, turn to a law firm that has helped clients get out of debt for more than 30 years: Rothschild & Ausbrooks, PLLC. Contact us by calling 615-866-2265 or toll free 866-656-8909.
File Bankruptcy in Williamson County
If you would like to declare bankruptcy in Williamson County, Tennessee, you must file a bankruptcy petition with the United States Bankruptcy Court for the Middle District of Tennessee. What petition you will file depends largely on your individual situation. Options include:
- Chapter 7 bankruptcy: This is also called “liquidation bankruptcy” because it involves the liquidation of your nonexempt assets in order to pay back creditors. Following liquidation, a majority of your debts can be discharged. In most cases, people lose very little property through Chapter 7 because their assets are largely exempt (including a home and car). There are limits to who can file for Chapter 7.
- Chapter 13 bankruptcy: Chapter 13 bankruptcy is called the “reorganization bankruptcy.” It involves reorganizing and repaying debt over a three- or five-year period. Once that period is complete, many of those debts will be discharged. Chapter 13 bankruptcy is a good option for individuals who would like to keep all of their property or who do not qualify for bankruptcy under Chapter 7.
Work With a Williamson County Bankruptcy Attorney
State and federal bankruptcy laws are complicated. That is why it is important to work with a lawyer experienced in bankruptcy law who can guide you through the process and answer all of your questions.
With the right lawyer on your side, you can find relief from foreclosure, creditor harassment and, more importantly, the debt that has put you between a rock and a hard place. Contact Rothschild & Ausbrooks at our law offices in Nashville, Tennessee, today.
We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.