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Chapter 7 Bankruptcy

Chapter 7 bankruptcy is a relatively straightforward way of getting rid of debts you cannot afford to pay. If you are eligible for Chapter 7 bankruptcy, it may be possible to get your credit card balances, medical bills and other debts eliminated within a matter of a few months.

I’m Steven Bilsky, a Memphis-based attorney who has been helping clients in Tennessee achieve debt relief through bankruptcy for more than 39 years. I can explain your Chapter 7 bankruptcy options during our initial consultation, which is free, so you have nothing to lose.

Discharge Unsecured Debts And Get A Fresh Start

Chapter 7 bankruptcy – sometimes called “liquidation” or “straight bankruptcy” – allows eligible debtors to completely eliminate certain types of unsecured debts. An unsecured debt is a debt that is not “secured” by a particular piece of property like a home, car or item of furniture.

Credit cards and medical bills are the most common types of debts that people eliminate in Chapter 7 bankruptcy. Some lines of credit and certain unpaid taxes can also be discharged.

For many people, the elimination of debts in Chapter 7 bankruptcy is an opportunity to make a fresh start. If you also have secured debts such as mortgage loans, wiping out your unsecured debts in Chapter 7 bankruptcy may help you keep up with your payments.

Talk With Me Before Filing Chapter 7 Bankruptcy

Chapter 7 bankruptcy is not the right option for everyone. You may have too much income to qualify under the so-called “means test” that Congress requires, or you may have too much home equity to avoid being required to sell off your home to repay your creditors. I understand how the system works and can explain what you can expect to happen if you file for Chapter 7 bankruptcy.

Contact Me

It is important to consult with an experienced lawyer before filing Chapter 7 bankruptcy. I serve clients throughout the Memphis metropolitan area. To schedule a free initial consultation with me, call 901-525-6692 or use my online form.

The Law Office of Steven F. Bilsky is a debt relief agency that helps people file for bankruptcy relief under the Bankruptcy Code.