Smyrna Bankruptcy Attorney Helps Clients Solve Debt Problems
Accomplished lawyer assists with Chapter 7 and Chapter 13 bankruptcy filings
Bankruptcy offers people a path out of debt, but navigating the process can be difficult without a knowledgeable bankruptcy attorney on your side. At Gasser Law, PLLC, in Smyrna, I focus on bankruptcy law and successfully represent people in Chapter 7 and Chapter 13 filings. Since opening my practice, I have steered people throughout Rutherford County toward a brighter financial future by helping them to take advantage of this legally established means of debt relief. If you are struggling financially, I can review the particulars of your situation, help you understand and evaluate your options, and guide you through each step of the bankruptcy process to regain a firm financial foundation.
Experienced attorney guides clients through the bankruptcy process that’s right for them
Dedicated to helping people seek bankruptcy relief in Tennessee, I work hard to protect my clients’ property and resolve their debt problems by helping them to determine which type of bankruptcy may work for them:
- Chapter 7 — Chapter 7 is also known as liquidation bankruptcy because some of your assets may have to be sold to repay your creditors. But after only four to six months, your eligible debt is discharged, and your slate is wiped clean. To file Chapter 7, you must pass a means test: if your monthly income is less than the median income for a comparable household in Tennessee, you should be eligible.
- Chapter 13 — If you have a steady income of a certain level and wish to keep your home, Chapter 13 may be the better option for you. With this type of bankruptcy filing, known as reorganization, you repay all or most of your debt over a period of three to five years. Its advantage for homeowners is that they don’t risk foreclosure.
The best way to ensure your bankruptcy case goes smoothly is to work with a skilled attorney who understands bankruptcy law. Because bankruptcy is my focus, you can trust my advice and advocacy.
Compassionate counselor explains the details of bankruptcy for clients
Whether you file Chapter 7 or Chapter 13, I will ensure you understand the bankruptcy process by explaining matters such as these:
- Automatic stay — When you file for Chapter 7 or Chapter 13 bankruptcy, it immediately triggers an automatic stay. The automatic stay prevents most creditors from continuing collection activities, such as foreclosure, garnishment, lawsuits, and relentless phone calls and letters. There are exceptions to the automatic stay, however, and some creditors may be able to get it lifted under certain circumstances. I make sure my clients fully understand their rights under the automatic stay, and I take swift action to protect those rights when creditors violate the stay.
- Exemptions — A common misconception about bankruptcy is that you have to give up your property. Bankruptcy filers can protect certain property by claiming it as exempt, which means they get to keep it. Depending on what you own, you may be able to keep everything. Tennessee allows you to use the state’s bankruptcy exemptions to protect home equity and tools of the trade (up to a certain amount), clothing and other personal property, certain retirement accounts and insurance policies, and more. You also get a wildcard exemption to use on any personal property. As an experienced Tennessee bankruptcy attorney, I know how to protect your exempt property to the fullest extent allowed.
- Discharge — A bankruptcy discharge releases you from owing certain debts, meaning you never have to repay them. The discharge order permanently bars creditors from trying to collect discharged debts. In Chapter 7 bankruptcy, you typically can discharge unsecured credit card debt, medical bills, certain taxes, personal loans, and balances remaining after repossession or foreclosure, among other debts. In Chapter 13 bankruptcy, you may be able to discharge the remaining balances after you successfully complete your repayment plan. I make sure my clients clearly understand which of their debts are included in the bankruptcy discharge.
Whether you are seeking Chapter 7 or Chapter 13 bankruptcy relief, your case may be dismissed or your debts may not be discharged if you miss a step. As an experienced bankruptcy lawyer, I know the requirements and deadlines and can guide you through the bankruptcy process from start to finish. And because I devote personal attention to each case, you can count on me to answer all of your questions and have a deep understanding of your situation.
Contact a dedicated Tennessee bankruptcy attorney for a free initial consultation
If you are considering bankruptcy, you need a dependable attorney who will take a hands-on approach and thoroughly evaluate your financial situation to help you decide whether bankruptcy truly is the best choice. Gasser Law, PLLC provides trusted legal advice and quality representation to clients in Rutherford County, Tennessee, considering bankruptcy. If you are ready to free yourself from the burden of unmanageable debt, please call 615-267-0588 or contact me online to schedule a free initial consultation at my Smyrna law office.