By: Darrell Castle
A bankruptcy can give you that fresh financial start you’ve desired.
Maybe you’re in debt because you got sick and found yourself deep in piles of medical bills you just can’t pay. Or maybe you lost your job all of the sudden and the bills just keep streaming in. Or maybe you made a bad investment or lost control of your spending.
Whatever cause got you into the financial hole you find yourself in right now, just know there’s relief.
You don’t have to live enslaved to your debt. You don’t have to keep spending every day of your life stressed about how you’re going to pay your bills this month. You don’t have to continue suffering through sleepless nights worrying about how you’re going to sufficiently provide for your children. You’re tired. I understand.
That’s why I want to tell you about bankruptcy and the wonderful benefits it can have on your life.
There are two chapters of consumer bankruptcy and your attorney can help you determine which one is best for you and your unique situation.
Getting out of debt through Chapter 7 bankruptcy
What debt do you have? If it’s unsecured debt like medical or credit card bills, then a Chapter 7 bankruptcy may be the best option for you.
By filing for Chapter 7 bankruptcy, you can discharge your debt relatively quickly without making any payments on it. You can even keep your property — like your house and car — as long as you’re current on your payments and your equity doesn’t exceed the maximum allowable exemptions.
If you aren’t current on your house or car payments — or your equity is extremely high — and you want to keep your property, then Chapter 13 may be a better option for you.
Getting out of debt through Chapter 13 bankruptcy
By filing for Chapter 13 bankruptcy, you can lump all of your debt — including your car payment and/or mortgage — into a Chapter 13 repayment plan. This is a 3-5 year period in which you make AFFORDABLE payments on your debt. It’s a debt-reorganization plan!
And then once you’ve finished your Chapter 13 plan, your debt is discharged, you’re current on your mortgage and your car is completely paid off!
Life after bankruptcy
Once your bankruptcy is complete – whichever chapter you file – you’ll have a fresh start! This is your chance to live life with financial freedom. It’s also a great opportunity to begin rebuilding your credit the RIGHT way.
At Darrell Castle & Associates, we have a great resource to help you with that. All of our clients get FREE access to 7 Steps to a 720. This is an online credit restoration program that teaches you the tips and tricks about how you can re-establish and rebuild your credit score to an A+ rating after a bankruptcy.
For more details about life after bankruptcy, you can download my FREE “Life After Bankruptcy” report from my website today!
Our Memphis bankruptcy attorneys can help
If you’re struggling financially and want to talk to someone experienced about your options, then our FREE consultation is perfect for you.
This is time reserved JUST FOR YOU. You’ll sit down with the bankruptcy attorney, go over your finances and your situation. And then you’ll discuss your best options moving forward.
Maybe your best option is bankruptcy. Maybe it’s not. But wouldn’t you like to know? It’s free information!
For decades, Darrell Castle & Associates has helped people in the Mid-South get out of debt. We’re detailed, responsive and we truly care. You’re not just a case number here, but you’re a real person with a real problem. We can help you with that problem.
That’s why our clients like us. That’s why we’ve received multiple Client Distinction Awards from Martindale-Hubbell for client satisfaction. You’re in good hands here.
Want a FREE bankruptcy consultation?
Call (901) 327-2100 today to schedule your appointment. Or you can fill out the form to the right of this page to have someone from our office contact YOU.