Bankruptcy General Information

The United States Code provides individuals and businesses the right  to declare bankruptcy and have debts discharged in whole or in part by the United States Bankruptcy Court.  Bankruptcy provides a great benefit to Debtors, but also entails many tough decisions.  One such benefit is that once a person has filed a Bankruptcy Petition the law requires all creditors to immediately cease and desist any and all collection activities, including contacting the debtor, garnishments, etc., and then the Bankruptcy Court makes all decisions regarding your debts, and assets.

The decision to file bankruptcy is a very serious and tough decision to make.  Furthermore, there are many requirements that must be met prior to filing bankruptcy.*   You don't make these decisions alone, consult one of our attorneys today.  Our team will work with you to determine your needs, and help you to make the necessary decisions.  Call or email Purple Law Firm to schedule a consultation.

Learn More:

  or call (423) 899-0131

*Some of the pre-filing requirements:

Tax Returns for the previous two (2) years

Pay Check Stubs or summary report for the previous six (6) months

Credit Counseling Interview with  approved credit counseling service 

The contents of this page is for general informational purposes and is not intended as legal advise, nor does it establish an attorney-client relationship.  To receive legal advice from Purple Law Firm call or email for an appointment with one of our attorneys.

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