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Home » Nashville Bankruptcy: Chapters 7 and 9

Nashville Bankruptcy: Chapters 7 and 9

Nashville Bankruptcy Lawyer ServicesUnder the Bankruptcy Abuse Prevention and Consumer Protection Act (BAPCA), filing bankruptcy is now a more complicated and confusing legal process than ever before.  At Turner Law Offices, P.C., our bankruptcy attorneys have been practicing bankruptcy law for over 20 years, offering our clients a high level of legal expertise is the area of bankruptcy law.  We can utilize federal bankruptcy law to stop home foreclosure, remove wage garnishments, stop repossession of your car, and eliminate some debts including credit card debts, medical bills, student loans and Internal Revenue Service (IRS) taxes.

Benefits of Bankruptcy

Filing for relief under the Federal Bankruptcy Laws is a serious undertaking.  The bankruptcy lawyers at Turner Law Offices, P.C. will discuss non-bankruptcy alternatives before discussing relief available under bankruptcy laws.  Generally speaking, filing for bankruptcy protection affords the following instantaneous relief:

  • Stops harassing calls from creditors
  • Stops all collection activities including garnishments and executions
  • Stops foreclosure
  • Stops repossessions
  • Totally wipes out most unsecured debts

Chapter 7 Bankruptcy

Chapter 7 bankruptcy is known as “liquidation” or “fresh start” bankruptcy.  Under Chapter 7 bankruptcy protection, the goal is to eliminate all debt except for secured debt that the debtor wants to keep, i.e. house and car.  Chapter 7 bankruptcy allows a debtor to turn over a house and/or cars to the lender without owing a deficiency balance.  The goal of Chapter 7 Bankruptcy is to obtain a discharge; however, some debts are not discharged including domestic support obligations (alimony and child support), damages resulting from an accident involving alcohol or drugs, student loans, and federal and state taxes. Generally speaking, Chapter 7 bankruptcy allows a debtor to focus on paying everyday living expenses and eliminates most other debts.

Chapter 13 Bankruptcy

Chapter 13 bankruptcy is best known as the “wage earner” plan.  Chapter 13 bankruptcy restructures all debts, combining all debts into one monthly payment plan comprised of paying secured creditors, i.e. house, automobiles and furniture, on time, and catching-up on missed and/or late payments, and paying a percentage of unsecured debts, i.e. credit cards, medical bills, check advances, depending on a number of factors.  Even if you have filed Chapter 7 bankruptcy within the past eight (8) years,

Hire an Experienced Bankruptcy Lawyer

At Turner Law Offices, P.C., our bankruptcy lawyers will meet with you and discuss your current financial situation in a pleasant, non-embarrassing, judgment-free environment.  Call today or request online on our website to set an in-person free initial consultation with an experienced bankruptcy lawyer who’s ready and waiting to provide the legal advice you need.

(615) 259-2660

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