• Chapter 7 Bankruptcy in Memphis

    Finding debt relief in Tennessee

    At The Law Office of Ben G. Sissman, the biggest priority is always finding the appropriate debt management solution for every client. A Chapter 7 bankruptcy offers debtors a fresh financial start by allowing them to discharge a large portion of their debt.

    The first thing that clients should know about Chapter 7 is that there are some eligibility requirements:

    • Debtors must apply the means test* to discern whether their income levels restrict them from filing Chapter 7.
    • Debtors must wait eight years between Chapter 7 filings.
    • All debtors must complete mandatory credit counseling and debtor education requirements to complete the process.

    Filing paperwork on time makes a big difference in the overall efficiency of the process, and Mr. Sissman encourages all of his clients to make this a top priority.

    For more tips on filing bankruptcy, visit our debtor resource pages:

    * The means test has many variables, and therefore, it is nearly impossible to predict who qualifies before crunching the numbers.

    Dischargeable and non-dischargeable debt

    Chapter 7 bankruptcy can discharge a healthy portion of a debtor's accumulated debt, but some debts are not dischargeable. The table below outlines the dischargeability status for some of the most common forms of debt:

    Dischargeable

    • Personal loans
    • Credit card debt
    • Leases
    • Negligence claims
    • Deficiency judgments

    Non-dischargeable

    • Student loans
    • Taxes and tax liens
    • Criminal fines
    • Previous bankruptcy debts
    • Child/spousal support

    Mr. Sissman evaluates his client's debt situation and gives them a comprehensive overview on which debts are dischargeable based on the circumstances.

    Call 1-901-620-6347 to file Chapter 7 bankruptcy in Memphis.

    The Law Office of Ben G. Sissman represents clients from Memphis and surrounding counties north to the border: Shelby, Fayette, Tipton, Haywood, Lauderdale, Crockett, Dyer, Obion, Lake, and Gibson. For effective legal guidance, contact a Memphis bankruptcy attorney today.

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