Morristown Bankruptcy Attorneys

Bankruptcy Help in Morristown, TN

Bankruptcy is all about fresh starts. In a Chapter 7 bankruptcy, your assets are liquidated and your debts are wiped out. In a Chapter 13 bankruptcy, a repayment plan allows you to pay off your debts over a period of time and start over debt-free. C.E. Bud Cunningham helps his clients find their fresh starts.

Answers to Your Questions about Morristown Bankruptcy Law

The Morristown bankruptcy attorney, C.E. Bud Cunningham, can help answer your questions about bankruptcy law. Meet with him to get bankruptcy help in Morristown.

Should I file for bankruptcy ?

TheC.E. Bud Cunningham bankruptcy law firm in Morristown can help you decide if bankruptcy is the right choice for you. There are certain situations in which you should consider bankruptcy:

• You can pay only minimum amounts on your bills and cannot pay any more
• You will be unable to pay off your debt within five years
• You have received notices and calls from creditors about your inability pay
• You had a severe financial setback, such as the loss of your job, a divorce, or illness

Call us at 423-581-2008 If you are interested in filing bankruptcy in Morristown, TN,

Does bankruptcy get rid of all my debts?

Bankruptcy does not get rid of all debts. Our firm helps determine which of your debts will be discharged and the ones for which you will be responsible. Generally speaking, a debtor in bankruptcy still is responsible for these debts:

• Alimony
• Child support
• Most recent back taxes
• Recent large purchases of more than $500 for luxury goods that were purchased within 90 days of filing for bankruptcy
• Fines or penalties of government agencies<>
• Cash advances of $825 within 70 days of filing for bankruptcy

Are there any limits as to who can file for bankruptcy?

Be aware that the Bankruptcy Abuse Prevention and Consumer Protection Act of 2005 limits individual access to the bankruptcy courts. Among other things, the Act sets forth a means test to determine whether a debtor is eligible to file under Chapter 7.

The Act also requires that a debtor obtain approved credit counseling before filing for bankruptcy and file any overdue tax returns within weeks of filing under Chapter 7.

C.E. Bud Cunningham guides his clients through the pitfalls and loopholes of the bankruptcy law. Contact us if you are trying to decide whether bankruptcy is the right choice for you.

Contact 1 423 200-4471 to get bankruptcy help in Morristown.