Mt. Juliet Chapter 7 Bankruptcy Lawyer

Mt. Juliet Chapter 7 Bankruptcy Attorney

Going through bankruptcy can be a stressful, confusing experience, especially without the support of a Mt. Juliet Chapter 7 bankruptcy lawyer. At Kerney Law Firm, our team is here to help you move forward with confidence and to a brighter financial future.

Understanding Chapter 7 Bankruptcy

Chapter 7 bankruptcy is often referred to as “liquidation bankruptcy” and is one of the most popular and fastest choices when it comes to bankruptcy. Bankruptcy filings have risen 16.8 percent from the previous years in part because it allows many people to keep important assets that are tied to secured debts, such as homes or vehicles and works by eliminating many types of unsecured debts, including medical expenses, credit card balances, personal or payday loans, and utility bills.

Discharge typically happens within 120 days of filing. There are some debts that are not dischargeable through Chapter 7, such as certain tax debts, child support, restitution, and student loans.

Who Can File for Chapter 7 in Tennessee?

To be eligible for Chapter 7 bankruptcy in Tennessee, you must meet these requirements:

• Means test. Your income must fall below the state’s median income level, which is currently $67,097.
• Financial hardship. You must show that repaying your debts would cause significant financial strain.
• Credit counseling. You are required to complete a credit counseling course from an approved provider within 180 days before filing.
• You have not had a Chapter 7 discharge within the last 8 years.

How Can a Bankruptcy Lawyer Help?

A skilled bankruptcy attorney can provide support throughout the entire process.

Help You Prepare for Bankruptcy

Tennessee has one of the highest rates of bankruptcy filings in the United States. When filing in Mt. Juliet, you will do so with the U.S. Bankruptcy Court for the Middle District of Tennessee. The court will require comprehensive financial disclosures, which your attorney can help you gather and accurately present all necessary information, such as debts, income, expenses, assets, and recent transactions. They can ensure nothing is missed.

Guide You Through Your Case

Your attorney can explain the bankruptcy process in full detail. They can help you understand the roles of the bankruptcy trustee and judge, as well as what your creditors are limited to. Having professional guidance on your side is crucial for achieving the most positive outcome for your case.

Ensure Accurate Information

When signing bankruptcy documents and testifying in court, you must confirm the accuracy of your information under oath. Your attorney will be present to guide you, verify everything is done completely, and make sure everything is accurate.

Negotiate and Handle Your Creditors

Once you file, an automatic stay immediately stops all collection efforts from your creditors. Your attorney can enforce this stay and act as your main point of contact. They can also work to negotiate payment plans or settlements.

If it comes to it, your attorney can also represent you in court hearings, advocating on your behalf and protecting your interests while ensuring a smooth process.

Serving Juliet and the Surrounding Communities

If your debt has been piling up and overwhelming you, you do not need to go through it alone. Kerney Law Firm is here to provide experienced, compassionate legal support every step of the way when filing Chapter 7. Contact us today to schedule a consultation and explore your options for financial recovery.