Chapter 7 Bankruptcy: A New Beginning
Our founder, attorney T.K. Moffett, has been helping people file Chapter 7 bankruptcy for nearly 30 years. Most of our clients are hardworking people who have fallen upon hard times. They may have lost their jobs or their savings. Some have suffered health problems that left them unable to work and pay their bills.
We don't care about how you got into financial trouble. Our concern is helping you get a fresh start. For many people, filing a Chapter 7 bankruptcy is a way to wipe the slate clean and start anew.
There are rules about who is eligible to file a Chapter 7 bankruptcy and exactly what type of debts can be discharged. The bankruptcy lawyers of Moffett Law Firm, P.L.L.C., in Tupelo and Amory, Mississippi, can tell you whether filing Chapter 7 bankruptcy is an option for you. Please contact us to arrange a free consultation with an experienced bankruptcy lawyer.
The Advantages of Chapter 7 Bankruptcy
Unlike other types of bankruptcy, Chapter 7 can completely eliminate, or discharge, your unsecured debt — like credit card and utility debt. It simply goes away. You do not have to repay it. Like other forms of bankruptcy, Chapter 7 bankruptcy can:
- Stop creditor harassment
- Stop wage garnishment
- Help avoid foreclosure
Sometimes called liquidation bankruptcy, Chapter 7 bankruptcy allows the bankruptcy trustee to sell off some of your assets to pay your creditors. However, many of your assets are exempt from liquidation. In many cases, those filing Chapter 7 can keep all of their possessions. Each case is different. Our lawyers can review your assets and debts and let you know if you would lose any assets in a Chapter 7 bankruptcy.
To arrange a free and confidential consultation, please contact our law firm at 888-341-7044.
We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.
