Chapter 13
Wage Earner

Chapter 7
Full Bankruptcy





Many people fear the process of bankruptcy. They think it can permanently damage their future. They feel intimidated by the legal process. They worry about what bankruptcy can do to their reputation. Much of what these people believe about bankruptcy is a myth.

At The Law Offices of Philip F. Counce, one of the first things we do is explain bankruptcy — what it is, what it isn’t, and how it can help you get your finances back on track.

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

Myths About Bankruptcy

Some of the more common myths about bankruptcy are:

Myth #1Chapter 7 Bankruptcy Is No Longer an Option.

False. Though the law changed a few years ago, debt relief under Chapter 7 is still a viable option for many people. Under Chapter 7 bankruptcy, your dischargeable debts are lifted from your shoulders and you obtain more financial flexibility.

Myth #2 — If I File for Bankruptcy, I’ll Lose My House, Car and Personal Property.

Wrong. Under both Chapter 7 and Chapter 13 bankruptcy, it’s possible to stop foreclosure and repossession. In Chapter 7 bankruptcy you can keep your house, your vehicles, and your personal property, as long as you can keep current on payments and the property is exempt. In Chapter 13 bankruptcy you also keep your house, your vehicles and your personal property, even if your payments are behind or the property is not exempt. Our firm can help you decide which bankruptcy option is right for you.

Myth #3 — Under Chapter 13, I’ll Have to Repay All of My Debts.

Not true. Attorney Philip Counce can impose a plan on your creditors to reduce your burden and protect your property. In many cases, you can even choose which creditors you want to fully pay off and those which you don’t want to fully pay off. Many times creditors receive just pennies on the dollar and are paid over a 60-month period.

Myth #4 — I’ve Already Filed for Bankruptcy Once, So I Can’t Do It Again.

Not true. Even if you have been through the bankruptcy process before, you can still file for bankruptcy although the type of case that you may file and the relief obtained may vary.

Myth #6 — Bankruptcy Is Expensive.

Not true. At The Law Offices of Philip F. Counce, we make bankruptcy easy. For one competitive fee, we can help you file for bankruptcy so you can be on your way to a better financial future.

Myth # 7 — You May Be Fired Because You Failed to Pay a Discharged Debt.

Tennessee bankruptcy law provides express prohibitions against discriminatory treatment of debtors by both governmental units and private employers. A governmental unit or private employer may not discriminate against a person solely because the person was a debtor, was insolvent before or during the case, or has not paid a debt that was discharged in the case. The law prohibits the following forms of governmental discrimination: terminating an employee; discriminating with respect to hiring; or denying, revoking, suspending, or declining to renew a license, franchise, or similar privilege. A private employer may not discriminate with respect to employment if the discrimination is based solely upon the bankruptcy filing.

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.