Bankruptcy scares a lot of people, but if you’re overwhelmed with debt, it can change your life. Bankruptcy has a lot to offer: it stops foreclosure and repossession, ends wage garnishment, and gets rid of debt. But maybe most importantly, it offers you real financial freedom. Here’s how bankruptcy helps, depending on your situation and which chapter you file:

The Benefits of Chapter 7 Bankruptcy

If you’re behind on things like credit card debt and medical bills, a Chapter 7 bankruptcy may be the best option for you.

By filing for Chapter 7 bankruptcy, you can discharge those debts without making any payments towards them. It stops wage garnishment and, if you’re current on your payments, it allows you to keep your property. Plus it’s a relatively quick process.

The Benefits of Chapter 13 Bankruptcy

If you’re behind on your mortgage or car payment, a Chapter 13 bankruptcy may be the best option for you.

Chapter 13 bankruptcy lumps your debts into an affordable 3-5 year repayment plan. It stops foreclosure and repossession and allows you to keep your property.

Life After Bankruptcy

Bankruptcy frees you of the debt that might otherwise define and control you. From there, you can create whatever financial future you want.

You can use the clean financial slate you created through bankruptcy to begin rebuilding your credit score. We offer a great credit restoration program called 7 Steps to a 720, and our clients get free access to it. The program teaches you how to rebuild your credit score to an A rating within a year, even after a bankruptcy.

We also offer a free report on life after bankruptcy to help you start off your new life strong.

Contact a Memphis Bankruptcy Attorney

If you’re considering bankruptcy, come in for a free consultation to get an idea of what it could do for you. You might be surprised how simple the process is, and how much it can help you with your financial problems.

We’re happy to answer any questions you have, no charge. Just give us a call at 901-327-2100, or use the form on this page.