Bankruptcy Litigation in Morristown

Guiding You Through the Complex Bankruptcy Process

Filing for bankruptcy can be an overwhelming experience. The bankruptcy attorney in Morristown, C.E. Bud Cunningham, looks out for your best interests and works with you as a team to decide how to proceed. Our bankruptcy law firm guides you through the complex bankruptcy process.

Morristown Bankruptcy Filing

Our law firm helps you file for bankruptcy in Morristown by preparing your bankruptcy petition and a statement of your financial affairs. Your filing includes a list of your assets, debts, and creditors.

Once your bankruptcy petition is filed, the automatic stay bars creditors from trying to collect on your debts. The automatic stay gives you a break from litigation and preserves your property. The stay may be lifted only if a creditor demonstrates that there is cause to do so.

What happens next depends on the type of bankruptcy you choose.

Chapter 7 bankruptcy

In a Chapter 7 bankruptcy, the trustee takes control of any property that you do not get to keep. The trustee uses the proceeds from the sale of that property to pay for administration expenses and the creditors’ claims.

Chapter 13 bankruptcy

In a Chapter 13 bankruptcy, the trustee reviews your repayment plan for accuracy and feasibility. The plan then is distributed to your creditors, who have the right to object if they believe it is unreasonable.

If the plan is approved, you keep your assets during the plan period and make monthly payments to the trustee, who then distributes those funds to the creditors in accordance with the plan.

C.E. Bud Cunningham works with you throughout the bankruptcy process. Speak with us about your bankruptcy proceeding.

Call 1 423 200-4471 to file for bankruptcy in Morristown.