Bankruptcy Attorneys In Shelby County
Between medical bills, credit cards, mortgages and small business loans, many people’s lives are a delicate balance of debt management. However, when such debts get unmanageable, people’s livelihoods and homes end up in jeopardy.
At Robinson Salyers, PLLC, we are well suited to confront the debt management issues facing our neighbors and clients. We understand the legal codes around bankruptcy and build a plan with you to move forward. Your debts may be significant, but there are always some options open to you.
Your First Step In Bankruptcy
When debts become unmanageable, the first step you should take is to speak with us. We can explain all the available options to you and guide you to the choice that makes the most sense for your situation. Most likely, you will choose one of the following types of bankruptcy:
- Chapter 7 Bankruptcy: This type of bankruptcy is considered a “liquidation” bankruptcy. In it, with some exceptions, you liquidate all of your assets and pay a lump sum. Once done, the court discharges all your nonexempted debts.
- Chapter 13 Bankruptcy: This type of bankruptcy is a “reorganization” bankruptcy. In this chapter, all your eligible debts are combined, and you receive a payment plan. You adhere to this payment plan, and after a period of time, between three and five years, the court discharges your debts.
Please keep in mind that each type of bankruptcy has specific requirements that you must meet. Additionally, some debts, such as student loans, are ineligible for bankruptcy. However, a student loan is often only one part of the complex debt problems you may have.
It’s Okay To Ask For Help
Many people toil for years under the weight of significant debts, but you do not have to. There is help available for you. We are here to guide you through these steps. It’s not easy to consider bankruptcy, but most people feel a lot better once they take a step to get back in control.
We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.