What Options Are Available in Bankruptcy?
Bankruptcy can provide you with a wide range of options for getting your debt under control. At Rothschild & Ausbrooks, PLLC, we can clearly explain your rights and options under the law. We will work directly with you to ensure that we develop a debt relief strategy that meets your needs and goals.
For more than three decades, the attorneys at our firm have helped clients with debt issues in Nashville and the surrounding area. Turn to our firm for the guidance and support you need during this difficult time.
Options in Bankruptcy
When you file for bankruptcy, you may be able to:
- Discharge debt: If you file for Chapter 7 bankruptcy, which is often referred to as “fresh start” bankruptcy, you can discharge many types of unsecured debts. This includes credit card bills, medical bills, personal loans and other types of debt. Likewise, in Chapter 13 bankruptcy, you may be able to discharge unsecured debts at the end of your payment plan.
- Stop creditor harassment: When you file for Chapter 7 or 13 bankruptcy, an automatic stay goes into effect. This puts a stop to all forms of debt collection while your bankruptcy is in progress. This can help you get the relief you need from mounting bills and harassing phone calls so you can focus on your financial future.
- Get on a payment plan: Chapter 13 bankruptcy allows us to create a three- to five-year payment plan for your debts. This can be particularly helpful if you have fallen behind on your mortgage payments or other secured debts.
These are just a handful of the options available to you in bankruptcy. Every case is unique, and we can help you determine what options apply in your case and what steps we can take to help you obtain relief from overwhelming debt.
Speak With a Lawyer in a Free Bankruptcy Consultation
We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.