• Home
  • Our Mission
  • Meet The Team
  • Testimonials
  • Blog
  • Contact
  • Call Us Today: (615) 264-5695

Bankruptcy Law Attorney Hendersonville TN - Erickfox

Eric Fox is experienced in Bankruptcy Law, Chapter 7 Bankruptcy, Chapter 13 Bankruptcy, Debt Negotiation and Estate Planning Law cases in Hendersonville TN.

  • Bankruptcy
  • Debt Negotiation
  • Family Estate Planning

June 13, 2014

Chapter 7 Bankruptcy – An Option For Credit Card Debt

Many Tennessee residents are still dealing with the devastating effects of the recent recession. People are having a hard time meeting all their financial obligations as they deal with stagnant wages and heavy debt loads. During the recession, many people had to rely on credit cards in order to meet their monthly obligations. After losing a job, having a medical emergency or needing to repay student loans, for many people credit cards were the only way to fill in the gaps.

Now that the economy has turned around, many people are left with large amounts of credit card debt. However, they may still not have a way to pay this money back. People should know that they have several options including debt settlement, repayment plans and other similar credit counseling.

But, people also have the option to file for Chapter 7 bankruptcy. A Chapter 7 bankruptcy can help Tennessee residents clear their credit card debt and many other types of consumer debt as well.

A Chapter 7 bankruptcy is also known as a liquidation bankruptcy. In a Chapter 7, the bankruptcy court will sell any non-exempt assets in order to pay back creditors. Once the assets have been sold, and the debts paid, the remaining debt is discharged. During the process, people will be free from creditor harassment and will be able to start rebuilding their financial lives.

However, people need to qualify for a Chapter 7 bankruptcy. In some cases, people may not qualify and may have to file under Chapter 13. Those struggling with debt need to explore whether they qualify for a Chapter 7 bankruptcy and whether it is the best option for their particular situation. With the right help, people can get free from under credit card debt and achieve a financial fresh start.

Source: The Motley Fool, “6 Ways to Get Credit Card Debt Help,” Sally Herigstad, May 31, 2014

Article by Eric Fox / Bankruptcy, Chapter 13, Chapter 7, Collections, Debt / attorney, bankruptcy, bankruptcy attorney, bankruptcy proceeding, Chapter 13 bankruptcy, Chapter 7, Chapter 7 bankruptcy, consumer debt, credit card debt, debt, debt management, debt relief, debtor, foreclosure, fox law, gallatin, hendersonville, law, law firm, law office of eric k fox, lawyer, liquidation, personal injury, property, struggling with debt, sumner county, tennessee Leave a Comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Categories

  • Bankruptcy
  • Chapter 13
  • Chapter 7
  • Collections
  • Debt
  • Foreclosure
  • Personal Injury
  • Retirement
  • Uncategorized

Archives

  • January 2022
  • August 2020
  • July 2020
  • March 2018
  • December 2014
  • November 2014
  • October 2014
  • September 2014
  • August 2014
  • July 2014
  • June 2014
  • May 2014
  • April 2014
  • March 2014
  • February 2014
  • January 2014
  • July 2010
  • June 2010

Fox Law

Whitehall Building
103 Hazel Path Court, Suite 6
Hendersonville TN 37075

Monday - Thursday: 8AM - 5PM
Friday: 8AM - 3:30PM
Weekend and Evening Hours by request
Local Phone: (615) 264-5695
Fax: (615) 264-5655
Email: eric@ericfoxlegal.com

Practice Areas

  • Bankruptcy
  • Debt Negotiation
  • Family Estate Planning

About Us

  • Our Mission
  • Meet The Team
  • Testimonials
  • Contact

Connect

FB icon
Linkedin icon
Google plus icon

Bankruptcy Attorney - Erickfox
Bankruptcy Attorney Hendersonville TN - Erickfoxn
Debt Relief - Erickfox
Estate Planning Hendersonville TN - Erickfox

We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.

This website is not intended to constitute legal advice creating an attorney-client relationship.


© Copyright 2015 The Law Office of Eric K. Fox · Website Design by StorySellers