Mandatory Disclosures? We Can Help You.
Bankruptcy is a tool for debt relief that can only work when debtors are completely honest about their circumstances. When faced with overwhelming amounts of credit card debts and medical bills, Chapter 7 and Chapter 13 can be effective options. Debtors have the mandatory obligation, however, to honestly disclose their assets, liabilities, debts, income and expenses.
At the law firm of Rothschild & Ausbrooks, PLLC, our Nashville attorneys always start the bankruptcy process 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.
Filing for Bankruptcy Protection in Tennessee
In any bankruptcy, is it the role of the bankruptcy trustee and the bankruptcy court to review your mandatory disclosures and determine if they are honest and complete. This is why it is important to include all of your assets when outlining these disclosures, regardless of where those assets are located. Accounts and properties outside of the United States must still be disclosed if you are filing for bankruptcy protection in Tennessee.
Mandatory disclosures are not only important to uphold the integrity of the bankruptcy process, but also help individuals who are filing for bankruptcy. By having all mandatory disclosure information available, you will be able to make more informed decisions about your future during the bankruptcy process.
Contact Us for a Free Bankruptcy Consultation
Please contact Rothschild & Ausbrooks, PLLC, today to learn more about filing for bankruptcy in Tennessee.