Bankruptcy – Get a Fresh Start!
Helping you find debt relief
Filing for bankruptcy is an important decision that has significant implications for your life. When mounting debt becomes unmanageable, bankruptcy can provide a much needed relief. Fresh Start Law Group can help you decide whether filing for bankruptcy is the most effective way for you to take control of your debt.
Reprieve through automatic stay
Filing a bankruptcy petition automatically triggers an automatic stay, meaning that creditors must immediately stop collections letters and phone calls. I correspond with your creditors from the moment you file for bankruptcy and act entirely on your behalf.
Your bankruptcy options
Chapter 7 bankruptcy
For most people, Chapter 7 is the preferred bankruptcy. It is cheaper, quicker, and allows people to get on with their lives. Under Chapter 7, people continue to pay the debt on assets they want to keep.
One phrase frequently used to describe Chapter 7 is “liquidation of assets.” Most Chapter 7 cases do not “liquidate” anything. Most assets are protected under Tennessee exemption statutes. So long as the assets are properly disclosed, the exemptions protect all the assets in most cases. People lose assets only if they fail to disclose the assets or if the assets have too much value to protect under the statutes. If you make full and honest disclosure of all your assets and the value of your assets, the attorney can properly evaluate your asset protection so you can make an informed choice of how to proceed.
Attorney Fees: At the end of your free consultation the attorney will quote a flat fee for your Chapter 7 case.
Chapter 13 bankruptcy
Chapter 13 is an option for people facing foreclosure, need help paying off back taxes, or those whose income exceed the allowed limit under Chapter 7. Chapter 13 bankruptcy permits you to pay off debts under a court-ordered installment plan for a duration of three to five years. This option provides numerous advantages, including the possibility of keeping your home which is under foreclosure or vehicles facing repossession. Chapter 13 can also stop tax levies and allow people to pay off tax debt in a plan.
Attorney Fees: Fresh Start Law Group charges flat fees for Chapter 13 cases. This keeps you from worrying about increasing costs as your case progresses. These fees can be paid through the bankruptcy plan over a period of three to five years. Additionally, this office accepts a small down payment to file a chapter 13 case. Most offices require at least half of the attorney fees upfront.
Fresh Start Law Group is a debt relief agency pursuant to 11 U.S.C. § 528. We help people file for bankruptcy relief under the Federal Bankruptcy Code.