Chapter 7 Bankruptcy Attorney Nashville

No one looks forward to bankruptcy. The combination of creditor harassment and mounting debts can make the entire process feel overwhelming. The truth is that Chapter 7 bankruptcy is not the stigmatized burden many people perceive it to be. A Chapter 7 bankruptcy attorney in Nashville can guide you through the intricacies of bankruptcy.

At Jungers Law Firm, we help determine the right debt relief choices at the right time. Our time-tested insight and unwavering counsel ensure you discharge your debts through bankruptcy once and for all.

24/7 Chapter 7 Bankruptcy Hotline
(833) 458-6437
  • Great law firm! Keep me informed, from start to finish. Everyone is attentive and polite.
    Anne S

  • The case workers were extremely helpful they explained the process very thoroughly. They 're very knowledgeable!
    Jennifer Leesor

  • Excellent Law firm. The receptionist is really nice and helpful. Overall, I had a great experience
    Arlene Watson

"They were the difference." Thanks to the lawyer at Jungers Law Firm we obtained a large settlement.
Jhon Reviewed June 5th.

What Is Chapter 7 Bankruptcy?

Chapter 7 bankruptcy is a way to clear unsecured debts. The process, also known as liquidation, or straight bankruptcy, offers a fresh financial start if you're falling behind on monthly bills. It's a clear path to earn tax forgiveness, reclaim a previously repossessed car, and resolve unpaid living expenses. The entire process is relatively short, averaging three to six months. You can withhold your essential possessions from liquidation. If you don’t have outstanding debts remaining after bankruptcy, such as a mortgage lien, you potentially save tens of thousands of dollars. However, Chapter 7 bankruptcy does damage your credit score and remains on your report for up to ten years. Missing a single payment or defaulting will set you back further. You also can’t have a credit card, and a trustee will manage your estate.
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The Lawyers at Jungers Law Firm Want To Help

When to File Chapter 7 Bankruptcy

Chapter 7 bankruptcy is not for everyone. There are legal stipulations that limit who can use this form of bankruptcy. The process involves passing the means test, which assesses the value of your assets, income, and living expenses. If you do not pass the means tests, you can still file for Chapter 13 bankruptcy.

Another requirement is that you can’t file Chapter 7 bankruptcy twice within eight years. The same applies to Chapter 13, with a time constraint of six years. The final requirement prohibits you from filing a petition for bankruptcy that a court voluntarily or involuntarily dismisses twice within six months.

We can help determine your bankruptcy eligibility and the ideal time to file. As a rule of thumb, you should file if you have more than $10,000 in unpayable debts. Your credit score should also be below 600, and you should not own high-value property.

What You Keep Under Chapter 7 Bankruptcy

Chapter 7 bankruptcy doesn’t mean you lose your possessions. A Chapter 7 bankruptcy attorney in Nashville can file an exemption that lets you hold onto essential items. Some of the most common exemptions include:

  • Alimony and child support
  • Car or other motor vehicles
  • Pensions
  • Personal items, such as clothing and family photos
  • Social security or unemployment assistance
  • Whole life insurance
  • Worker’s compensation

Note that many luxury items are not exempt, such as jewelry, furs, and art.

Bankruptcy is part of the US Constitution, and companies ranging from Walt Disney to Macy's have used it to springboard to future success. Don’t let the stigma deter you from a potentially life-changing financial decision.Work with the top Chapter 7 bankruptcy attorneys in Nashville. Call to learn more about your legal options today.

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Google Review:

Mr. Jungers is an amazing attorney. I would highly recommend Paul Jungers, he is easy to contact, listens attentively and goes out of his way to provide the best legal representation possible... If you’re looking for a top notch criminal defense lawyer look no where else.
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Terre Haute, Indiana

605 Ohio St #312, Terre Haute, IN 47807, United States

Nashville, Tennessee

203 4th Ave S, STE 6, Franklin, TN 37064
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