Chapter 13
Wage Earner

Chapter 7
Full Bankruptcy




Chapter 13 Bankruptcy Lawyer Serving Memphis

Many people find themselves overwhelmed by debts, and behind on their house note and car payment through no fault of their own. Luckily for them, the bankruptcy laws provide an answer. Debt relief, debt consolidation, and asset protection under Chapter 13 bankruptcy can help qualified debtors get their finances back on track.

Debt Consolidation Through Chapter 13 Bankruptcy

If you find yourself struggling to pay your bills and manage your debt, you may be afforded a second chance through Chapter 13 bankruptcy. An experienced Chapter 13 attorney at The Law Offices of Philip F. Counce can help you formulate an affordable plan that protects your property.

We’ll help you determine if you should file jointly or individually, and in most cases we can set up a plan to slash your monthly expenditures by using the Tennessee Bankruptcy Laws to keep your payments low. In many cases:

  • Vehicle payments may be lowered and the balance reduced.
  • Some creditors may receive only pennies on the dollar and their remaining balances are wiped out.
  • Interest can be eliminated or reduced on many debts.
  • Past due house notes can be caught up over 60 months.
  • Past due realty taxes can be paid over 60 months.
  • Past due child support and alimony can be paid over 60 months.
  • You may keep or give up some property if you desire.
  • Some liens can be wiped out.
  • IRS taxes can be paid over 60 months, and sometimes all or part of the taxes can be eliminated.

The Chapter 13 Bankruptcy Process

The threat of foreclosure, repossession and garnishment stop immediately when you first file a Chapter 13 bankruptcy.

Usually you will have to make one court appearance with us, and then we take care of all other matters relating to your Chapter 13 case during the repayment period. At the conclusion of your plan you will be current on your home and with very few exceptions, debt-free.

Don’t take on your creditors alone!

Call or email the Counce Law Firm at 901-201-6012.
Free confidential consultation with a lawyer, not a paralegal.
We take the time to understand your needs and answer all of your questions. While we want to solve your problem quickly, it’s important that you are comfortable with the process, and understand how it will impact you. These thoughtful conversations enable us to ensure the best possible outcomes.

3333 Poplar Ave. – just West of Poplar & Highland – Free Parking

Is Chapter 13 Right For You?

Chapter 13 bankruptcy is a good option for people with regular incomes who have unpaid bills and debts that have reached unmanageable levels. It is particularly suited for those who own significant assets they wish to keep, such as a home or small business. You may also qualify for bankruptcy exemptions.

For others, a Chapter 7 bankruptcy may be the better option. Memphis bankruptcy attorney Philip Counce can review your situation and determine which path makes the most sense for you.

Depending on your financial situation and the level of assets you wish to protect, bankruptcy can help stop creditor harassment, stop the foreclosure process, and help get back a repossessed vehicle.

Co-Signed Debts

Many times loved ones help you by co-signing a consumer debt (like for a car) and the last thing you want is the creditor suing and garnishing your loved one. Chapter 13 contains a special co-debtor stay provision that protects these co-makers. Creditors are prohibited from taking action against your co-maker while you pay this debt.

Recent student? Check out the Chapter 13 Bankruptcy – Student Loans section for information on discharging student loan debt through bankruptcy.

Bankruptcy Discharge: Chapter 13

You are generally entitled to a discharge upon completion of all payments under the plan provided (1) you have paid all alimony and child support; (2) have not received a discharge in a prior case filed within two years for prior Chapter 13 cases and four years for prior Chapter 7 cases; and (3) completed an approved course in financial management.

The discharge releases the debtor from all debts provided for by the plan or that have been disallowed, with few exceptions.

After confirmation of a plan, circumstances may arise that prevent the debtor from completing the plan. In such situations, Tennessee bankruptcy law allows the debtor to ask the court to grant a “hardship discharge” or possibly convert the case to a Chapter 7 case.

Chapter 13 Bankruptcy Questions?

Do you have questions about how much bankruptcy costs? 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, with us 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.