Bankruptcy Lawyers Johnson City, TN - Johnson City
Bankruptcy Law Services
Here at The Pope Firm, we’re dedicated to assisting people who need legal help of any kind, and this includes debt relief. Times can be rough for many people, and many people find themselves struggling or flat out unable to meet their financial obligations. Charles Pope, Attorney At Law, has helped countless clients obtain the financial relief they desperately need through the way of bankruptcy at a fair price. We take meticulous care of our clients, and do whatever it takes and whatever we can within the boundaries of the law to obtain the most favorable outcome for their case. If you’re experiencing overwhelming outstanding debt, a lawsuit, collection, student loans, or repossession, we’d like to help defend you by way of Bankruptcy. Our Kingsport, Tennessee attorneys will work for you every step of the way to ensure that you are in the loop and informed with the ongoings of the bankruptcy and filing process.
Chapter 7 Bankruptcy
A Chapter 7 bankruptcy involves the complete liquidation of your assets as an individual with the sole exception of a limited amount of exemptions offered within the state. If any assets are remaining after the exemptions have been put through, then they will be sold by the state’s trustee and the profits distributed to your creditors.
Bankruptcy Lawyers Johnson City, TN
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Johnson City, Tennessee
Chapter 11 Bankruptcy
Chapter 11 bankruptcies are referred to as a “reorganization,” they’ll generally allow someone to keep their business running while they get things back on track. If you’re a small business in danger of going under, it might be the right option for you and finding the right attorney can help you get through this complex process with a minimal amount of trouble.
Chapter 13 Bankruptcy
A Chapter 13 bankruptcy may be the best option for you, especially if you earn above the median wage but still have found yourself under a crushing amount of debt. It provides some protection from debtors and continuing efforts at collection while you seek to complete a renewed repayment plan. In these cases, the court will assign a trustee to oversee the process and make sure that everything is on the up-and-up, they will serve as the agent who collects the money from the debtor in order to make sure that things are completed on time.
Automatic Stay
Creditors and collection agencies can be relentless. They can call at all hours of the day. Sometimes they might even resort to illegal behavior like threats and intimidation. It is hard enough to get out from under debt without pressure from creditors. As a debtor, you have rights. As a debtor filing for bankruptcy, one of your rights is an automatic stay protecting you from collection efforts. Filing for bankruptcy offers protection from creditors. Bankruptcy laws offer protections to allow debtors a chance to rebuild their lives. The trustee also needs time to look at your assets and decide how to proceed with the bankruptcy. Attempts by creditors to collect on debts would interfere with the bankruptcy process. For this reason, bankruptcy courts provide debtors a form of injunctive relief called an automatic stay