When you have your initial consultation with a bankruptcy lawyer, you will leave with a sense of where you stand and whether bankruptcy is an option for you. Before you reach that point, your lawyer will likely ask many questions about your financial situation to advise about what is right for you. You should come prepared with as much…
Bankruptcy allows you a fresh financial start in life. Depending on the type of bankruptcy that you file, that could be that many of your debts are wiped out completely. Regardless of the form of bankruptcy, you will get breathing room that will put you on a better financial course. There are two different types of bankruptcy: Chapter 7…
When people experience financial hardship, their close family members and friends might offer to try to help. However, if you borrowed money from those closest to you, and you still could not get ahead, you might need to file for Chapter 7 bankruptcy. The bankruptcy petition requires that you list all of your debts – and this does mean…
Unexpected medical expenses can create significant financial strain. Even if your insurance covered some of your bills, you may be facing substantial hospital or doctor’s bills and have no idea how to pay them back. Thankfully, bankruptcy may be able to help you eliminate your medical debt and provide you with a fresh financial start. Bankruptcy is not right…
There are many people who struggle with credit card debt throughout their lives. Credit cards can seem like a godsend when you need to cover expenses or want to make a purchase, and you do not have the cash. However, credit card balances add up quickly, and they can take a long time to pay off. The COVID-19 pandemic…
If you are struggling to keep up with your bills, you may be wondering whether bankruptcy can help. While every situation is different, bankruptcy can often eliminate debts and provide a fresh financial start. In fact, many people find that their lives improve immediately after filing bankruptcy and wish they had filed sooner. How Does Bankruptcy Work? Chapter 7…
During the COVID-19 pandemic, the focus for many people has been on avoiding the virus and staying healthy. However, many households have added concerns due to financial hardship. There are many ways the pandemic can create financial difficulties for families, and you should discuss your options for legal relief with a bankruptcy lawyer in Memphis. Loss of Income The…
If you have been struggling to pay your debts, you might hesitate to consult with a bankruptcy attorney. After all, no one likes airing out their financial laundry to others, especially when the situation is dire. However, it is important to know that bankruptcy lawyers in Memphis are committed to helping people find relief from financial stress without judgment….
When you file for Chapter 7 bankruptcy, you can protect certain property by applying exemptions set out by the law. Sometimes, these exemptions can be confusing, especially when it comes to protecting equity in your home. It is important to have the help of an experienced bankruptcy lawyer in Memphis to ensure you receive the greatest possible protection. Protecting…
2020 has been a difficult year for consumers and businesses alike. The economic shutdown due to COVID-19 concerns had a particularly challenging impact on small businesses, including sole proprietorships. These are businesses operated by one individual without formal legal formation with the State of Tennessee. Sole proprietorships can be beneficial business arrangements, though one downfall is the lack of…
