Bankruptcy

The Economy Is Not A Kind One. But A New Start Is Waiting.

Between the job market, poorly written contract terms and hikes in rates, a little bit of debt can turn into a bottomless pit before you even realize it.

The good news is that bankruptcy isn’t a state of financial failure like it was 15 years ago. Today, bankruptcy can help get your debt under control without losing all of your assets – isn’t that the most important thing for your future?

Understanding Your Bankruptcy Options

Many people come to our office with questions – Will I lose my house? How will this impact my credit score? Are there any other options? Will this finally stop the creditor’s phone calls?

As your legal team, we focus on helping you make the right choices. Your options are varied and can include:

  • Debt relief through Chapter 7: This is the most common form of bankruptcy. Your consumer debt such as credit card debt and other debts not backed by property may be eligible for cancelation. This will leave you with a clean slate to create a better financial future.
  • Debt restructuring through Chapter 13: Higher-income individuals may not qualify for traditional bankruptcy under Chapter 7 of the bankruptcy code. Chapter 13 bankruptcy instead will offer manageable ways to repay debt and maintain home and other property.

Bankruptcy is not always the right option, but for many people who are facing overwhelming debt, it offers a fresh start and a chance to regain control over their finances.

Contacting Phillips Law Offices

Our office is glad to welcome you. If you live in Ringgold or the surrounding area, give us a call at (706) 770-6967 or email our office to find a time that works for your schedule.

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