Helping Clients Achieve Debt Relief Through Bankruptcy
Traditionally, many individuals think of bankruptcy as a negative action; that only people in very dire situations file for bankruptcy and that never again is their financial record the same. These thoughts are not true and are common misconceptions of bankruptcy. In most cases, people who file for bankruptcy get relief from the stress that their debts had caused and begin rebuilding their credit.
At Pratt & Varsalona, we have years of experience representing individuals throughout East Tennessee in bankruptcy cases. Our firm focuses its attention on handling matters of consumer or personal bankruptcy, such as the filing of Chapter 13 and Chapter 7 bankruptcies. When meeting with a lawyer at our office, you can learn more about the various types of bankruptcies, determine which one may be right for you and discover how filing for bankruptcy may help you regain control of your finances. Contact our office today to learn more about Chapter 7 bankruptcy or Chapter 13 bankruptcy.
Clinton Chapter 7 and 13 Bankruptcy Attorneys
Below are brief descriptions of Chapter 7 and Chapter 13 bankruptcy. These are designed to give you an introduction to each of the types of bankruptcy that our firm handles. For more in-depth information, get in touch with a member of our firm.
Chapter 7
Chapter 7 bankruptcy is often known as the "fresh start" bankruptcy. That is, this type of bankruptcy allows for the discharge of your debts in order for you to start over with your finances. Assets may be liquidated in order to pay some of the creditors. To qualify for Chapter 7, you must pass the means test.
Chapter 13
Chapter 13 bankruptcy is a debt reorganization plan that allows for the partial repayment of your debts according to a schedule established by the bankruptcy court. If you do not qualify for Chapter 7, Chapter 13 may be a good alternative option for you.
Contact Our Attorneys in Anderson County and Sevier County
Our lawyers at Pratt & Varsalona can assess your situation and determine which type of bankruptcy is right for you. Contact our office by e-mail or phone toll free 866-488-1883.
We have offices in Anderson County and Sevier County, and represent clients throughout East Tennessee.
