Fall is a time for new beginnings. As children go back to school and the leaves change, most of us turn our thoughts away from summer fun and back to life’s responsibilities. As a bankruptcy Memphis TN lawyer, I believe the time is always right to set a new financial intention. But some times of year are especially great moments to reflect and lay the foundation for a fresh start. Autumn is one of them. 

Maybe you have summer vacation debt piling up, or are overwhelmed with your kids’ back to school costs, or can already feel the financial weight of the holiday season quickly approaching. Whatever your financial stresses are, if you cannot manage your debt, get a fresh start this fall season by filing for bankruptcy.

Bankruptcy can give you the financial freedom you deserve

If you’re considering bankruptcy, you have options. There are two types of personal bankruptcy: Chapter 7 and Chapter 13. There are advantages to both approaches, and a bankruptcy Memphis TN lawyer will help you identify your best path forward.

Chapter 7 bankruptcy allows you to wipe out credit card debt and medical debt without paying it back. Additionally, you can usually keep property such as your home and your car. It also has the power to stop creditor harassment, wage garnishment, and debt collection in their tracks.

Whereas, a Chapter 13 bankruptcy reorganizes your debts into an affordable 3–5 year repayment plan. You’ll pay back a small portion of your debts while increasing your weekly cash flow. If you’re behind on car or mortgage payments, you can file a Chapter 13 and still keep your property.

Start this new season off right and speak with a Bankruptcy Memphis TN lawyer today.

If taking a close look at your monthly income and expenses leaves you feeling defeated, it may be time to seriously consider filing for bankruptcy. It was specifically designed to help give folks the chance to get back on track and achieve the financial fresh start everyone deserves.

Our office offers free consultations, which means it doesn’t cost a thing to discuss your next steps with an experienced Bankruptcy Memphis TN lawyer. Contact us online or call (901) 327-2100 to get started.

Bankruptcy can allow you to move into this new season with a new financial outlook. Give us a call today to hear how we can help.