Bankruptcy Lawyer in Memphis TN

Bankruptcy Lawyer Memphis TNIf you’re thinking about filing for bankruptcy, you may be wondering what the process will look like. You’re probably also wondering what questions you should ask a potential bankruptcy lawyer Memphis TN from Darrell Castle & Associates during your consultation. Here is a list of some important questions that you should ask during your initial consultation appointment:

What Is Bankruptcy?

Answer: Bankruptcy is a legal process designed to help financially distressed individuals and businesses eliminate their debts and obtain a “fresh start.” Depending on the type of bankruptcy filed, some assets may be sold in order to pay off creditors, while other debts may be discharged with no payment required. When you file for bankruptcy, an automatic stay goes into effect and prevents creditors from collecting on debts that may be eligible for discharge or restructuring.

Can I erase my student loans by filing for bankruptcy?

Most people don’t qualify to discharge their student loans through bankruptcy. The law requires you to prove that repaying your loans would impose an undue hardship on you and your dependents. Few people can meet this standard, but if you can, we may be able to help.

What’s the process for filing bankruptcy?

It typically takes about four weeks to complete the filing process, but not all attorneys are able to complete it in less than six weeks. When you come in for your free consultation, we can discuss what to expect in terms of timing. One thing that is important to understand is that you must list all your creditors and debts when you file your petition; missing a creditor can lead to a discharge being denied or revoked. Because we want you to succeed, we take every step possible to make sure this doesn’t happen when we prepare and file your case.

How much does it cost to file for bankruptcy?

The cost of filing for bankruptcy depends on the type of case and its complexity. Contacting an attorney is the best way to determine how much you will need to pay. You should be aware that there are two types of costs associated with bankruptcy: attorneys’ fees and court costs. Attorneys’ fees cover the services provided by your bankruptcy lawyer in Memphis, TN and court costs cover any other fees associated with your case, such as filing fees or credit counseling fees.

Hiring a bankruptcy attorney doesn’t have to be stressful. If you take your time to find the right bankruptcy attorney for you, the whole process can be much less stressful and overwhelming than you anticipate. But there are questions you should ask your lawyer before hiring one, as well as other steps you should take to ensure the best possible outcome in your case. A bankruptcy lawyer is very important in helping you to get out of debt. Thus, when you are planning to get a bankruptcy lawyer in Memphis TN from Darrell Castle & Associates, you must be able to ask the right questions and not just have doubts about the lawyers’ ability.