Bankruptcy of Memphis

Bankruptcy And Credit Scores Have you delayed filing for bankruptcy because you are afraid that it will damage your credit rating? You are not alone. Many individuals struggle with debt problems for months or years because they fear that their credit rating will be forever ruined. They wonder if they will ever be able to get another car loan or home loan. I am attorney Steven F. Bilsky , and I have been practicing in bankruptcy law for more than 30 years. I have helped thousands of my clients obtain debt relief by filing for bankruptcy . I understand that you may have many concerns about bankruptcy . The best way to explore your options is to consult with an experienced bankruptcy lawyer. I offer a free consultation to answer your questions and help you determine if bankruptcy is right for you. To schedule your consultation, contact my law office in Memphis, Tennessee. Bankruptcy And Credit Scores | Rebuilding Credit After Bankruptcy By the time that most people start to ...

Bankruptcy Terms Bankruptcy law is primarily federal law and varies little from state to state. The United States Constitution grants to Congress the power to establish uniform bankruptcy laws throughout the United States, which ensures uniformity in how bankruptcy proceedings are conducted, encourages interstate commerce, and promotes national economic security. The individual states do, however, retain jurisdiction over certain debtor-creditor issues that are not addressed by or do not conflict with federal bankruptcy law, such as which property remains exempt from creditors' claims. Bankruptcy law provides two basic forms of relief: (1) liquidation and (2) rehabilitation, also known as reorganization. Chapter 7 Liquidation . Most bankruptcies filed in the United States involve liquidation, which is governed by Chapter 7 of the Bankruptcy Code. In a Chapter 7 liquidation case, a bankruptcy trustee collects the debtor's nonexempt property and converts it into cash. The t...

Are You Eligible for Debt Elimination? Chapter 7 bankruptcy is a relatively straightforward way of getting rid of debts you cannot afford to pay. If you are eligible for Chapter 7 bankruptcy , it may be possible to get your credit card balances, medical bills and other debts eliminated within a matter of a few months. I'm Steven Bilsky , a Memphis-based attorney who has been helping clients in Tennessee achieve debt relief through bankruptcy for more than 30 years. To learn more about your Chapter 7 bankruptcy options, contact me today to schedule a free consultation. Make a Fresh Start by Discharging Unsecured Debts Chapter 7 bankruptcy — also known as liquidation or straight bankruptcy — allows eligible debtors to completely eliminate certain types of unsecured debts. An unsecured debt is a debt that is not backed by a particular piece of property like a home, car or item of furniture. Credit cards and medical bills are the most common types of...

If you are struggling with the burden of unmanageable debt, bankruptcy may be the answer for you. Bankruptcy has allowed millions of people to obtain critical debt relief. Bankruptcy may allow you to: Eliminate or significantly reduce your debts Stop creditor harassment Stop wage garnishment Stop home foreclosure Stop auto repossession Obtain other debt relief Get the fresh start you have been seeking. Contact me, attorney Steven F. Bilsky . I have been practicing in bankruptcy law for more than 30 years. I have helped thousands of clients obtain debt relief. I practice exclusively in bankruptcy law to provide each of my clients with highly skilled and knowledgeable representation. My Bankruptcy Services I represent clients in both Chapter 7 and Chapter 13 bankruptcy: Chapter 7 bankruptcy : With a Chapter 7 bankruptcy, you may be able to discharge most forms of debt, including credit card debts, medical bills and other consumer debts. Chapter 13 bankruptcy : With a ...

The credit card debt in the United States is predicted to reach One Trillion Dollars this year.  It is very tempting to use credit cards to pay for things that are not really necessary.  Sometimes, we use credit cards for food or gas, which are necessary, but the high interest rates continue to increase the monthly balance, and the monthly payments become more than can be paid.  If your credit card debt gets out of hand, and you are facing law suits and judgments which will result in a garnishment on your paycheck, you may want to consider filing for either a Chapter 7 bankruptcy or Chapter 13 bankruptcy.    Chapter 7 bankruptcy can eliminate debt altogether, and Chapter 13 bankruptcy can help make payments more affordable, and stop the interest from building on your accounts.  Although filing bankruptcy will probably result in losing the credit card, it is a better idea to pay for things in cash.  Also, it is always a g...