MLF is a full-service and experienced Knoxville Bankruptcy law firm and we're here to help you get the help you need. We offer free consultations with no obligation. Simply call us today to set up an appointment and we'll start right away to help you get your life back on track.
Remember, bankruptcy means solutions. Call us today to get your personalized solution from an experienced Knoxville bankruptcy attorney. With our help, you can get a fresh start to your finances.
Filing for personal bankruptcy can be done under Chapter 7 or Chapter 13. Chapter 7 will wipe away most of your debts in exchange for you liquidating your assets to pay off creditors. Some assets, like your home and car, could be excluded from the liquidation. Chapter 7 is considered consumer friendly and so comes with certain income and asset requirements.
Chapter 13, on the other hand, is less consumer friendly. If you don't qualify for Chapter 7 the Courts will have you file under Chapter 13. Under this Chapter of the bankruptcy code your debts are reorganized into a repayment plan with lower payments.
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