Franklin Chapter 7 Bankruptcy Attorneys

Bankruptcy Lawyers Serving Franklin and All of Middle Tennessee

Are you financially insolvent? Are you facing overwhelming debt in the form of credit card balances, medical or dental bills, utility bills, liens, judgments, old invoices, or some other form of unsecured debt? Do you need to stop creditor harassment or wage reduction? No matter how dire your situation may seem, you do have options. By consulting with a Williamson County Chapter 7 bankruptcy lawyer at our firm, you can find out what the best legal solutions are to your debt dilemma. You may be embarrassed, ashamed, or humiliated by the situation you find yourself in. You may dread the destruction to your credit that your creditors predict. Don't be. Many individuals in today's faltering economy have found themselves in a financial quagmire. By talking to a bankruptcy attorney at our firm, you can get the information you need to make an intelligent decision about how to resolve your debt.

Chapter 7 Bankruptcy

A Chapter 7 bankruptcy is the simplest and quickest type of bankruptcy filing for individuals. It is also the most common. Up to 98% of all bankruptcy cases in this country consist of Chapter 7 filings. In a Chapter 7 bankruptcy, the debtor turns his or her nonexempt property, if any exists, over to a trustee who liquidates the property in order to pay the debtor's unsecured creditors. In exchange, the debtor receives a discharge of the unsecured debts, which means that he or she is released from them, even if they have not been paid in full. Creditors and collection agencies are barred from trying to collect on a debt other than through the bankruptcy court.

Many individuals facing financial hardship do not own anything other than exempt property, such as clothes, household goods, or an older car, and therefore have nothing to turn over to the trustee. Certain types of debts are not dischargeable, such as tax debts, child support or spousal support payments, student loans, debts for fines or penalties, and others. Also, a debtor will not be given a discharge by the court if he or she is found guilty of inappropriate actions, such as hiding financial information.  

For further information and to find out if you are eligible for a Chapter 7 filing, it is important to speak to a Williamson County Chapter 7 bankruptcy attorney at our firm. We service Williamson County, including Franklin, Brentwood, Spring Hill, Fairview, College Grove, Columbia, Lewisburg, Lawrenceburg, Centerville, and all of middle Tennessee.