Q:  Will I automatically lose my house, car, or other property if I file a bankruptcy?

A:  No.  In fact, Chapter 13 wage earner bankruptcy is designed specifically to protect your property from creditors.  For instance, if your home is about to be foreclosed on or your car is about to be repossessed, Chapter 13 wage earner bankruptcy will automatically stop these things and allow you time to repay the debts, usually over a three to five year period.  Alternatively, a Chapter 7 "straight" bankruptcy is a liquidation.  Any property that is not exempt under state law would be subject to possible liquidation by the Bankruptcy Court.  Anyone contemplating filing for protection under Chapter 13 or Chapter 7 should consult a bankruptcy lawyer to determine what property is protected and what is not.

 

Bankruptcy FAQ

SCHEDULE YOUR

FREE CONSULTATION

Office Location

Office Telephone

901-725-1000

Office Hours

Monday - Friday

8:00 - 5:00

Saturday by appointment

Walk-ins Welcome!

  • White Google Places Icon
  • White Facebook Icon
  • White Twitter Icon
  • White Yelp Icon
  • White YouTube Icon

 The Hurst Law Firm is a debt relief agency. Our experienced bankruptcy lawyers in Memphis, Tennessee help people file for bankruptcy relief under the bankruptcy code.

The information you obtain at this site is not, nor is it intended to be, legal advice. You should consult an attorney for individual advice regarding your own situation.

We are a Title 11 Debt Relief Agency.  We help people file for bankruptcy relief under the Bankruptcy Code. This ad does not create an attorney-client relationship until a written agreement is signed.  The Hurst Law Firm represents the people of Memphis and Shelby County as well as the surrounding areas in Fayette County, Tipton County, and Lauderdale County in bankruptcy and wage-earner cases.  The Hurst Law Firm bankruptcy lawyers represent people in the Tennessee counties of Shelby, Fayette, Tipton, and Lauderdale along with those in the Shelby County cities of Memphis, Millington, Germantown, Lakeland, Cordova, Collierville, Arlington, and Bartlett.  The Hurst Law Firm attorneys represent people in the Tipton County cities of CovingtonMunfordAtokaBrightonMasonBurlisonGilt EdgeReverie, and Garland; Fayette County cities of SomervilleOaklandRossvillePipertonMoscow,Hickory, WitheLa GrangeGallawayWilliston, and Braden; and Lauderdale County cities of RipleyHallsHenning, and Gates.  

Disclaimer: The content displayed on this website is for informational purposes only and should not be considered legal advice.  No attorney-client relationship exists without a written contract, signed by all parties.

  

THINKshark media