Chattanooga Bankruptcy Attorney

The thought of filing for bankruptcy can be daunting, especially if you have heard rumors about how bankruptcy will ruin your financial standing forever. That is simply untrue, and our knowledgeable and experienced Chattanooga attorneys at Conner & Roberts, PLLC, would like to dispel the other bankruptcy myths and misconceptions you may have heard.

Conner & Roberts, PLLC, Will Help You Learn the Truth About Bankruptcy

If your debt has become unmanageable, lawyers Amelia Roberts and Lisa Conner can help you learn about your legal options. We can assist you in understanding the bankruptcy process, its benefits and how it will affect your life, as well as clear up any concerns you have, such as:

• If I file a Chapter 7 bankruptcy, I won’t be able to keep my house or car.
  • In many instances, you will be able to keep your property. If you are current on the house and car payments but are overwhelmed by unsecured debts (such as unpaid credit cards bills), you are often able to “reaffirm” the secured debt, such as a car or house, and continue to make the payments and keep the property while erasing your unsecured debts.
• My credit will be ruined forever if I file for bankruptcy.
  • False. There are a number of banks that offer secured credit cards for as little as $200 just after bankruptcy, which can help to re-establish credit. After some time, the credit limit is increased above the secured amount. Further, two years after a bankruptcy discharge, debtors are eligible for mortgage loans on terms on par with those of others with the same financial profile who have not filed bankruptcy. The fact that you filed for bankruptcy will stay on your credit report for up to 10 years, but each year after you have filed for bankruptcy, it has less of an effect on your credit rating.
• I have already filed for bankruptcy; I can’t file again.
  • Depending on the type of bankruptcy you filed in the past and how long it has been since you last filed, you may, in fact, be able to file bankruptcy again.
• Bankruptcy is expensive.
  • Bankruptcy does not have to be expensive. Conner & Roberts, PLLC, can help you find debt relief for as little as $0 upfront. Our firm is committed to offering reasonable rates and payment plan options to make sure the help you need is affordable for you.

We urge you to contact our lawyers at Conner & Roberts, PLLC, today to get started down the path to financial freedom.