Filing for bankruptcy is a scary proposition. One way to ease your concerns is to meet with a bankruptcy law attorney in Bristol, TN. By doing so, you can begin to understand that this is a second chance opportunity to make corrections to your finances.
to Consider Bankruptcy
many people, job loss and medical bills are the two most common
reasons for considering bankruptcy. In most cases, both circumstances
have a shared role in what leads to a person losing their financial
of health problems, you may find it difficult to perform on the job.
As a result, you either have to quit or be terminated. Now, your
source of income is lost just when the debt from medical treatments
Qualifications for Bankruptcy
filing, it helps to understand the qualifications for bankruptcy. Two
major forms of bankruptcy exist for individuals. If you cannot afford
to pay your bills, Chapter 7 might be your best option.
a steady source of income, you may qualify for Chapter 13 on secured
debts such as personal loans, credit cards, and medical bills. A
bankruptcy law attorney from Bristol, TN can explain how the law
applies to your situation.
debts that qualify for Chapter 7 bankruptcy include lease or contract
obligations and lawsuit judgments. Chapter 13 may wipe out debts
after a divorce or retirement plan loans.
Bankruptcy Options with a Trusted Attorney
Come to Dean Greer & Associates, a leading bankruptcy firm in Bristol. Get more information at Deangreer.com on how their combined 60 years of legal experience can help your situation.
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