Bankruptcy of Memphis

Laid Off Due to the Coronavirus (COVID-19)? Bankruptcy Can Help . A financial plan for people impacted by coronavirus layoffs. Attorney at Law, Steven F. Bilsky, can provide Bankruptcy Protection during the Covid-19 pandemic. No one wants to file for bankruptcy . But if you’re one of the millions laid off because of the coronavirus outbreak, it might make sense—especially if you’re struggling with debt. Learn how a “last resort” bankruptcy plan can give you a sense of control during this unpredictable time and, if necessary, help get you back on your feet financially. Don’t know much about bankruptcy? Start by learning the basics of Chapter 7 and Chapter 13 . The Coronavirus Crisis: Financial Instability After a Layoff Losing your job due to a layoff means one crucial thing—there’s less money to pay the bills. No matter how much effort you put into turning down the thermostat or being forced to eat in, such measures rarely stop the pile of unpaid debt from accumulating. Fortunately, l...

Putting Your Debts on a Wage-Earner Plan If you have fallen behind on your debt payments, you could be facing some very serious consequences, including foreclosure and repossession. Chapter 13 bankruptcy , also known as a wage-earner plan, is one option that may allow you to catch up with your debts. I’m Steven Bilsky, a Memphis-based attorney with more than 30 years of Tennessee bankruptcy experience . If you are looking for a lawyer who will provide you personal guidance through the Chapter 13 bankruptcy process, don’t hesitate to  contact me  to set up a free consultation. Common-Sense Solutions to Everyday Problems Throughout Chapter 13 bankruptcy you will be able to pay your debts on a three- to five-year repayment plan without any interest or late fees. Chapter 13 bankruptcy is particularly useful for catching up with debts that cannot be eliminated in  Chapter 7 bankruptcy . Chapter 13 bankruptcy payment plans are frequently called wage-ear...