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:
- Consumer Bankruptcy FAQs
- Things to Bring to Your Bankruptcy Attorney
- Will Bankruptcy Stop a Foreclosure
- Steps for Filing Bankruptcy in Memphis
- Understanding the Commercial Foreclosure Process
- Commercial Foreclosure Laws in Memphis
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:
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.