Chapter 7: Debt Discharge

In a Chapter 7 bankruptcy, a bankruptcy court will typically discharge most or all of your unsecured debts, which means those that are not attached to a specific asset. This includes debts such as credit card debts and medical bills.

Debt discharge can give you a clean slate and wipe out some or all of your debt.

Some people feel embarrassed, ashamed or afraid to pursue a Chapter 7 bankruptcy at first. Once you discover how this form of debt relief can give you a fresh start, however, you will likely be very glad you kept an open mind.

To file for Chapter 7 bankruptcy, you must pass the "means test." This formula compares your income to the average income of other similar families in your area. We can help you determine if you qualify for Chapter 7 bankruptcy and help you decide if it is the right form of debt relief for you.

Chapter 7 Versus Chapter 13 Bankruptcy

The other most common type of bankruptcy besides Chapter 7 is Chapter 13. Determining which of these you will file for will depend on your situation. If you don't qualify for Chapter 7, you may still be able to file for Chapter 13 bankruptcy and repay your debt manageably over a few years' time.

Contact A Shelby County Bankruptcy Attorney Ready To Help You Discover True Debt Relief

The Childress Firm, PLLC, is committed to providing efficient debt relief guidance to our Tennessee clients. Our Chapter 7 clients are usually able to keep most or all of their assets. From law offices in Bartlett, we serve clients in Shelby County, the Memphis metro area and beyond. To schedule a free initial consultation with bankruptcy lawyer Theresa Childress, call 901-318-3719 or send an email through this website.

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