Who Qualifies For Chapter 13 Bankruptcy?
If you meet certain eligibility requirements, filing for Chapter 13 bankruptcy allows you to regain control of your finances. Most debts can be consolidated and repaid in reasonable payments over three to five years, with any remaining debts to be discharged at the end of that period.
Contact me today to discuss Memphis, Tennessee, Chapter 13 eligibility. Call toll free: 901-730-4958. I answer my own phone and will respond promptly to your email.
Understanding Tennessee Requirements For Chapter 13 Bankruptcy In Tennessee With Ben Sissman, Attorney at Law
As an experienced bankruptcy attorney, I can help you determine whether you are eligible to file Chapter 13 bankruptcy. First and foremost, you must have a steady source of income, whether from:
- Income from a trust or a retirement plan
- Dividends from a stock portfolio
- Any other viable income source
Eligibility for Chapter 13 bankruptcy also depends on the types of debt you have. Not all debts are dischargeable. For example, student loan debt is not dischargeable through filing for bankruptcy, under the vast majority of circumstances. However, most other kinds of debts can be included in a bankruptcy repayment plan, including:
- Mortgage debt
- Medical debt
- Credit card debt
- Tax debt
Tennessee bankruptcy laws require that you complete specific forms for Chapter 13 bankruptcy to confirm eligibility, which should be carefully and thoroughly completed with the help of an experienced and reliable bankruptcy lawyer.
I can be of help while filing for bankruptcy in Tennessee. Call now, toll free: 901-730-4958 or contact us online. My law office offers a free initial consultation. Let us know if you need an evening or weekend appointment.
We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.