Debt Relief Lawyer Memphis, TN

Memphis Debt Relief Lawyer- image of person tossinga coin

If you are struggling to pay down your debt, a debt relief lawyer Memphis, TN residents rely on may be able to help. Living with high amounts of debt can be very stressful, but you don’t have to go through this forever. At Darrell Castle & Associates, we can help you get debt relief once and for all.

Common Reasons Judges Dismiss Bankruptcy Cases

Judges don’t approve all bankruptcy cases that go through the court system. In fact, they reject quite a few of these cases. Here are a few reasons why.

  • Not passing the means test. If you wish to file for Chapter 7 bankruptcy, you must first pass a means test. It compares your average income for the six-month period before filing your case against the median state income. If your income is too high, you won’t qualify for Chapter 7 bankruptcy. You may, however, still be able to file for Chapter 13 bankruptcy.
  • Failing to submit required forms and documents. When you file for bankruptcy, you will be required to fill out several forms, like a bankruptcy petition and schedules. You also must provide supporting documents, including pay stubs and tax returns. If you don’t submit these forms and documents, your case will be dismissed.
  • Committing bankruptcy fraud. The law requires people filing for bankruptcy to disclose their income, assets and liabilities. If you don’t tell the truth or omit certain information, you are committing bankruptcy fraud. As a debt relief lawyer in Memphis, TN can confirm, bankruptcy fraud will get your case rejected and even result in criminal penalties.
  • Not paying court filing fees. To file for bankruptcy, you have to pay a filing fee in court. If you don’t pay the fee, your bankruptcy case will be dismissed. However, if you have little income, the court may grant you a waiver.
  • Failing to complete education courses. Another requirement for filing bankruptcy is completing credit counseling and a debt management course. These courses are designed to improve financial literacy so that you avoid getting into the same situation in the future. Once you receive a certificate of completion, you must file it with the court. If you don’t do this by a certain deadline, your bankruptcy case will be dismissed.

If you are thinking about filing for bankruptcy, contact a debt relief lawyer in Memphis, TN as soon as possible.