Filing for bankruptcy is a process that many people who are dealing with insurmountable debt try to avoid, as a bankruptcy lawyer in Tipton County, TN knows. When you can no longer pay off your debt, it can seem like there’s no way out. The good news is that you are not alone. A skilled bankruptcy lawyer can help you determine your best options. Although it has significant effects, bankruptcy can transform your life for the better. Talk to a seasoned lawyer who can help you understand your options and put you back on the track to financial freedom.
Bankruptcy Lawyer in Tipton County, TN
The dedicated bankruptcy attorneys at Darrell Castle and Associates, PLLC are committed to providing clients with the best legal guidance. For years we have been helping clients get relief from debt. No matter what issues you are facing, we can help you explore and understand your legal options so that you can find the right solution.
The Immediate Impact of Bankruptcy
Bankruptcy is one way that people can look to in order to rid themselves of debt. By filing for bankruptcy, you can eliminate many types of debt and get the chance to move forward in your life. However, it has both benefits and disadvantages. Whether the benefits outweigh the disadvantages largely depends on your particular situation, as a bankruptcy lawyer trusted by Tipton County, TN residents can explain. Because of its critical drawbacks though, many people try to avoid filing for bankruptcy if they can help it.
Once you file for bankruptcy, these are a few of the things that can take effect:
- It stops harassment from creditors. Creditors are no longer allowed to contact you through phone, email, or other means of communication to collect debt.
- Foreclosure is temporarily stopped. If you are worried about your property being seized, bankruptcy can provide you relief. When you file for bankruptcy, the foreclosure process is stopped for a few months. Chapter 13 bankruptcy filers do not have to worry about foreclosure as they can keep their property.
- Certain payments are put on hold. You do not have to make some payments towards unsecured debt once you have filed for bankruptcy.
Is Bankruptcy Right For You?
The choice to file for bankruptcy is an important and highly personal decision that shouldn’t be rushed. If you are having trouble deciding what form of debt relief is best for you, talk to a bankruptcy lawyer in Tipton County, TN now.