For many hardworking people, debt and financial troubles can quickly creep in, whether through medical bills, credit card balances, the loss of a job or a downturn in the economy. Through no fault of their own, they find themselves in a financial hole they may never realistically be able to dig out of. Unfortunately, bad things happen to good people.

Fortunately, there is hope of becoming debt free. Bankruptcy is a powerful tool when used by a qualified professional that allows most people to keep property, eliminate debts and get a second chance. The bankruptcy process is complex and relies on legal concepts like the "automatic stay," "discharge," "exemptions," "assume," and many more. Therefore, it is important that you obtain the services of a qualified professional.

This website will look at some basic bankruptcy topics and discuss the various types of debts that most consumers encounter, such as mortgages, car payments, credit cards, medical bills, support, taxes, student loans, etc. We will examine the various debt relief options using chapter 7 or chapter 13. We can help you pick the best options for your particular situation.

Getting Help Using the Bankruptcy Laws from A Title 11 Debt Relief Agency

The Law Offices of Philip F. Counce is a Title 11 debt relief agency [11 U.S.C. § 101(12a)] and has helped thousands of people obtain debt relief for more than 30 years in Memphis, Tennessee, and surrounding areas. If your debts and credit card balances keep going up every month, do not wait. The sooner you call, the more options are available to you and the sooner you can find relief.

Our practice chiefly consists of helping honest people file chapter 7 or chapter 13 bankruptcy, defending lawsuits to avoid the need to file bankruptcy, and working out payments plans with creditors. State law permits the court to order a payment plan on judgments that protects you from wage garnishments. This can sometimes be a good alternative to bankruptcy if this is the only reason you need to file, and the amount is not too large. We consider all the options.

Many people make the mistake of waiting too long before seeking help. See us if you are thinking about or already have made a second mortgage on your home or withdrawn money from your retirement plans. Don't risk property that is needed for a fresh financial start after bankruptcy.

The information you obtain at this site is not, nor is it intended to be, legal advice, tax advice or a formal tax opinion to avoid taxes, tax penalties or interest. You should consult an attorney for advice regarding your individual situation. We invite you to contact us and welcome your calls, letters and electronic mail. Contacting us does not create an attorney-client relationship. Please do not send any confidential information to us until such time as an attorney-client relationship has been established.

Bankruptcy Relief

We will review your assets, income and expenses to determine whether Chapter 7 or Chapter 13 bankruptcy is a good fit for you and whether couples should file jointly or separately. We will review the bankruptcy means test. The calculations from the means test, assets, income and expenses will help us determine if you should file Chapter 7 bankruptcy or Chapter 13 bankruptcy or consider other options.

If you qualify for Chapter 7 bankruptcy, most of your debts will be eliminated, including credit cards, medical bills, payday loans and some taxes and student loans. Some loans are reaffirmed to allow you to keep your home and cars.

In Chapter 13 bankruptcy, we will fashion a plan to make your debts affordable. Many times we lower monthly car and furniture payments, wipe out second mortgages, and eliminate debt, to make a plan that you can afford. All of your debts are covered to provide you the comprehensive relief and the protection needed.

Under both chapters, it is possible to keep your car or truck, your house, and other personal property, under the exemptions laws.

Caring, Quality Service

Our lawyers pride ourselves by providing excellent representation to our clients under the bankruptcy laws. You may come in and ask questions both before and after we file your case so all your needs and concerns can be addressed.

Contact Us Today

Call now to learn about what options are available to you in your particular financial situation. Contact our law firm today online or call (901) 201-6012 to schedule a FREE CONFIDENTIAL CONSULTATION.

Unlike many firms you will always discuss your financial situation with an attorney, not a paralegal or assistant.

We are a Title 11 Debt Relief Agency. We help people file for bankruptcy relief under the Bankruptcy Code. This ad does not create an attorney-client relationship until a written agreement is signed.