How Bankruptcy Works
As exciting as the opportunity to get out of debt may be, many people are intimidated by the bankruptcy process. Even though debt may have you feeling as if you are stuck between a rock and a hard place, you may be hesitant to move forward until you understand exactly how the bankruptcy process works and how it will impact your life. At Rothschild & Ausbrooks, PLLC, we understand this. That is why we always start by educating you and letting you know that we will work with you every step of the way. You will benefit from the more than three decades of experience our lawyers offer to people in Nashville and throughout Tennessee.
“You really made me feel better about my situation and lifted a big burden that had been tearing me apart.” — J, one of our many satisfied clients.
Getting Started and Stopping Creditor Actions
After we assess your situation and determine that bankruptcy is right for you, a decision will need to be made about what type of bankruptcy to file. While your goals will play a role in this decision, so will the results of the bankruptcy means test.
Determining what is exempt property is an important part of the bankruptcy process. This is the part where you will get answers to questions like:
- How can I keep my home through bankruptcy? Find out how bankruptcy can help you stay in your home.
- How can I keep my car through bankruptcy? It may be possible to keep your car, even if you filed for bankruptcy.
- How can I keep other personal property through bankruptcy? We will explain what property you can keep after filing for bankruptcy.
One of the most powerful parts of the bankruptcy process is the automatic stay. This is what helps to stop creditor harassment, foreclosure and repossession.
Getting Rid of Your Debt
The final step and the ultimate goal of the bankruptcy process is debt discharge. Our attorneys will educate you about exactly what debts you will be able to get rid of, if not all of them. Ignoring no issues, we will also address tax considerations of bankruptcy.
This is an important question. The reality is that if you are considering bankruptcy, your credit has already felt the impact of your debt. We will educate you about any further impact and give you information about debt collection and credit repair, as well as credit reporting.
Contact Us for a Free Bankruptcy Consultation
Please contact Rothschild & Ausbrooks, PLLC, today to learn more about filing for bankruptcy in Tennessee.
We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.