• 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

January 30, 2014

People Must Examine Options When Considering Bankruptcy

It is often difficult for people to ask for help when they are in a tough situation. When money is involved people can sometimes try to hide their problems instead of dealing with them. However, Tennessee residents who are struggling to pay their bills should know that help is available. People have legal options that can offer than a fresh financial start.

However, it can often be difficult for people to know when these debt relief options are right for them. Chapter 7 bankruptcy, in particular, can be a good option for many. Experts say that those experiencing financial hardships should consider Chapter 7 if they are insolvent. In other words, when a person’s debts outweigh their assets and they cannot afford to pay their debts, then Chapter 7 may be a good options.

Furthermore, experts suggest that people consider Chapter 7 bankruptcy after they have tried other methods of debt relief. If people have tried credit counseling, debt consolidation or home equity lines of credit and are still struggling to meet their financial obligations, then bankruptcy may be the answer.

Tennessee residents should know, that while Chapter 7 may seem like the right answer, people still need to qualify for the relief. Depending on the facts in each case, Chapter 7 may not be the right kind of bankruptcy for a particular situation. People should make sure they understand all their debt relief options — including Chapter 13 bankruptcy — before deciding on a particular course of action.

If Chapter 7 is the right decision, then the court will continue by liquidating assets in order to pay down the debt. However, people should know that they will not lose all their property in a Chapter 7 bankruptcy. Once the proceedings have been completed, the remaining debt will be discharged and people can start their new financial lives.

Source: Daily Finance, “How to Know When Bankruptcy Is Your Best Option,” Katherine Muniz, Jan. 26, 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, fresh financial start, gallatin, hendersonville, law, law firm, law office of eric k fox, lawyer, 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