Bankruptcy Law Firm Memphis TN

5 Reasons to Hire Darrell Castle & Associates As Your Bankruptcy Law Firm Memphis, TN

When you are facing bankruptcy it can be a very emotional and hard process for clients. Generally an attorney can really take the burden of the overwhelming process. At Darrell Castle & Associates, our bankruptcy law firm serving Memphis, TN can be at your side from the retainer agreement (contract between the client and the attorney) to the settlement process.  Here is 5 reason why you should call Darrell Castle & Associates:

Competent Legal Advice

The attorneys at our Memphis, TN bankruptcy law firm are experienced attorneys with many years of experience. When dealing with finances you want competent legal advice. If bankruptcy is in your best interest we will make that process seem smooth and easy. Our attorney will advice you about:

  • What type of bankruptcy you should file
  • What you should expect
  • What to do to make the process easy
  • How you can meet your financial goals

Legal Knowledge

Our bankruptcy law firm in Memphis, TN has handled many types of bankruptcy cases. Our attorneys have a lot of extensive knowledge regarding the bankruptcy laws, local court laws and procedures. In addition our law firm is very well known among the bankruptcy trustees in the area. Overall, you case will depend on what type of bankruptcy you file and each individual facts of the case. Every case is different which is why you need to partner with a bankruptcy law like Darrell Castle & Associates in Memphis, TN that can handle your case.

Smooth Process

The bankruptcy process is very complicated. You may be asked by a trustee to provide additional documents or the creditor may ask specific questions and information. The process can be overwhelming and it requires daily attention that you may not be able devote. Our attorneys at our bankruptcy law firm for Memphis, TN assume the responsibility and make sure we keep you informed in new developments of your case. We will make this seem like an easy process.

Preparing and Submitting Your paper Work

Perhaps one of the most tidus is and lengthy process is filling and getting paperwork ready. We have specialized software that prepares your files promptly and accurately.

The attorneys from our bankruptcy law firm in working Memphis, TN then file the paperwork with the court. Of course, every process requires the collaboration of our clients. We work with our clients to obtain the right information such as your income, your expenses, your debt etc. Based on that information we submit the appropriate paperwork.

Your Memphis, Tennessee case in a Timely Manner

When dealing with a court case or a bankruptcy filing, time is of the essence. We want to provide you peace of mind during this overwhelming process. After we file bankruptcy, a series of documents and forms will need to be provided to the court. Missing any deadlines could delay the process and or get the case dismissed. You can count on us to be accountable for our work.  

Darrell Castle & Associates is looking forward to hearing your case. Do not hesitate to get a free consultation by calling our trusted bankruptcy law firm serving Memphis, TN today!

Bankruptcy Indicators

In most cases, a person may not realize that they have put themselves into deep financial trouble immediately. At times, a person can incur debt over a long period of time. For some, it can be shocking to find that they suddenly are unable to make even their monthly minimum payments or lack the liquidity to pay their mortgage on a monthly basis.

Bankruptcy can be scary, especially when it is looming overhead. You may not be sure of what the outcome may be. Thankfully, the Memphis, TN bankruptcy law firm of Darrell Castle & Associates, PLLC have experience with managing bankruptcy cases. We can go over your particular situation and develop a plan of action. With our assistance, you can have a clearer idea of the road ahead, putting your mind at ease.

Signs You Have Too Much Debt

Some people may not even realize the extent of their debt until they begin to look at it all together. Sometimes, this doesn’t even happen until they begin to realize that the majority of their finances go towards paying for their expenses, with little left over at the end of every month. Here are some common signs that you may have too much debt on your hands:

  • You are only able to pay the minimum on your balances. In some situations, you may not even be able to meet this requirement.
  • Debt collectors are calling you incessantly.
  • You are experiencing a substantial amount of stress or physical side effects as a result of the financial burden you are carrying. Other symptoms could include lack of sleep, headaches, anxiety, and depression.
  • You are avoiding going over your debt and coming up with a plan because you fear that you will be unable to manage it.
  • Your bills are not paid on time because you do not have enough to pay them. This can result in late fees and a significant impact on your credit score.
  • You are regularly using a credit card to cover your daily expenses such as groceries, gas, and other incidentals. By doing this, you are digging yourself into a deeper hole.
  • If you are unable to save because your expenses are too high, it may be time to speak with a member of a bankruptcy law firm in Memphis, TN who can help you figure out how to have better financial health.
  • You are not able to get credit approval because your debt to income ratio is too high.

Knowing the signs that you are carrying a heavy debt load may be helpful when recognizing whether or not you should speak with a debt counselor. This will be important prior to considering bankruptcy. It may be possible for you to avoid bankruptcy with a solid financial plan. This is far more attractive than filing for bankruptcy, which will carry a mark on your credit for a number of years.

Call us today to set up a free consultation at our bankruptcy law firm Memphis, TN clients recommend. A member of our legal team is standing by and ready to assist you. Don’t keep stressing over whether bankruptcy is the right decision for you. It’s time to take action so that you can take back control of your financial health.

About Bankruptcy and Debt Discharge

We live in a fast-paced and costly world. At times, we may feel as though we cannot keep up with the unpaid bills that keep piling high in our mailbox. We may also feel overwhelmed trying to figure out how we are supposed to pay these debts back when expenses outweigh our income.

For some, the option of filing for bankruptcy may eventually seem like the only reliable option left. It is a good idea to do plenty of research before making this big life decision. Yes, your debt can be eliminated after filing for bankruptcy. However, there are exclusions to this rule and there are payments you may still have to make. Many people choose to consult with a Memphis, TN bankruptcy law firm during the bankruptcy process.

When trying to evaluate your current financial status, you can rely on the advice of a bankruptcy attorney at Darrell Castle & Associates, PLLC. We understand this is likely a very trying and emotional time for you. It can be agonizing to realize that you need help. We are a bankruptcy law firm of compassionate and strategic attorneys in Memphis, TN that will do what we can to get you through this period of hardship.

Bankruptcy In the Short-Term

After filing for bankruptcy, you are from then on protected from creditors. Collection efforts held against you are immediately stopped. This means your creditors must halt from contacting you through any means, including phone calls, emails or letters. Creditors can also be prevented from attempting to repossess property and/or foreclosing your home.

Different Types of Bankruptcy

When filing for bankruptcy, there are three main types that are available. The differences between each type are listed as follows:

  • Chapter 7 Bankruptcy: This process usually takes around two to three months, in which your property is sold in order to pay your debts.
  • Chapter 13 Bankruptcy: This is a three to five year process where you have to pay towards a portion of your owed debts, with a court supervised payment plan.
  • Chapter 11 Bankruptcy: This type of bankruptcy is used most often by business debtors, but some individuals with a steep amount of debts and assets may be eligible.

Debts That May Not Be Discharged

Contrary to what many people believe about bankruptcy, all of your debts may not be eliminated. Debts that may be exempt from discharge can include:

  1. Student loans
  2. Enforced restitution due to a criminal sentence
  3. Child support and/or alimony payments
  4. Debts for income and property taxes
  5. Debts that were not listed in the bankruptcy application
  6. Fines owed to a government organization

Tips for Better Financial Management after Bankruptcy

Are you drowning in debt and unable to pay your bills each month? Perhaps you are unsure of how you will ever dig yourself out. Outstanding debts can create stress and anxiety. It can impact people’s personal and professional lives. Are you unsure of where to turn? Memphis, Tennessee bankruptcy law firm Darrell Castle & Associates may be able to provide you with the legal experience and support you require when facing possible bankruptcy. Although having to file for bankruptcy can put a substantial mark on your financial record, with diligence, it is possible to better manage your finances after bankruptcy.

Tip #1 Keep Track of Your Spending

As a Memphis, TN lawyer from a bankruptcy law firm can attest, many people don’t realize the extent to which they are spending frivolously. By keeping track of what is going out each month, you can have a better handle on where your money is going and areas where you are able to cut back.

Tip #2 Create a Budget, and Stick to It

Keeping your expenses in your head can be nearly impossible to keep track of. Take the time to sit down and put together a budget using a spreadsheet. Here, you will be able to track your incoming finances with your outgoing expenses. You can then determine how much money is allotted for extra expenses. A budget can provide you with a clear plan of how much you are able to spend in different areas each month. Although it may be difficult, follow the budget you have created to ensure that you are able to stay on track.

Tip #3 Build a Savings Account

The unexpected does occur, and when it does, you should be prepared. When people face things like accidents, tragedy, injury or illness, the financial hit they stand to take can be significant. The attorneys at our Memphis, TN bankruptcy law firm knows that this is a primary reason why many find themselves so far behind and unable to keep up with their expenses. Allot money each month to go into a savings account, so that you are able to provide yourself with a safety net should an emergency arise.

Tip #4 Look at Where You Can Cut Back

Once you have tracked your spending habits, you will have the ability to review where your money is going. This can give you a better idea of where you can cut back. Are you going out for a coffee every morning? Out to lunch or dinner too frequently? Does your cable bill have every channel imaginable. These are examples of areas in which you may be able to cut back on each month.

Facing a bankruptcy can feel as though there is no hope to getting yourself back on your feet again. However, with the help of a bankruptcy law firm in Memphis, TN and by taking steps towards better managing your finances, eventually, you will be able to put this whole thing behind you.

Our Knowledge/Your Peace of Mind

With Darrell Castle & Associates by your side to manage your bankruptcy case, we can give you the peace of mind you deserve when facing the stressors of Chapter 7 bankruptcy. We are dedicated to helping people like you, who have found themselves in debt and unable to pay. Our bankruptcy law firm can offer you with:

  • Guidance when making informed decisions
  • Knowledge of bankruptcy laws
  • The ability to strategically manage your case and navigate the legal system
  • Help in stopping harassing calls from creditors
  • Review of all your options to make the best decision

Are you considering whether bankruptcy is the right option for you and your family? The process can be overwhelming to contend with. Our bankruptcy law firm can provide you with confidence when faced with such a weighty decision. Contact Darrell Castle & Associates today for help in determining if filing for Chapter 7 is in your best interest.

Call Our Bankruptcy Law Firm Today

At Darrell Castle & Associates, PLLC, we have been committed to helping our clients get through troublesome financial times by offering legal advice and guidance. We can empathize with the stress you may be enduring. We know how important it is to obtain financial stability. Our bankruptcy law firm Memphis, TN clients recommend can help you decide if filing for bankruptcy is the best resource for your short-term and long-term financial future.