Chapter 7 Bankruptcy Attorneys ChattanoogaPurple Law Firm 423-899-0131 Chapter 7 Bankruptcyprovides the qualified Debtor with a "fresh start". With some exceptions all unsecured debt is discharged. There are certain debts that can not be discharged. In a Chapter 7 bankruptcy the Debtor can surrender secured assets and have secured debts discharged as well. Under certain circumstances a Debtor may choose to keep secured assets and reaffirm the debt with the creditor. For example you want to keep your house and continue making your mortgage payments. As with a Chapter 13, in a chapter 7 bankruptcy a Trustee is appointed by the Court and is vested with many powers and obligations, including the obligation to determine if there is any property which can be liquidated in order to pay all or part of the unsecured debts. The decision to enter into chapter 7 should not be taken lightly nor without the advice of an attorney lawyer experienced in bankruptcy law. Chapter 7 bankruptcy provides many benefits, but there are potential pitfalls as well. See one of our Chattanooga bankruptcy attorneys for advice.There are many requirements that must be met prior to filing bankruptcy. Don't make these decisions alone, consult one of our chapter 7 bankruptcy attorneys lawyers 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 with one of our experienced bankruptcy attorneys in Chattanooga. Home Contact About Practice Bankruptcy general info The contents of this page are intended for marketing purposes only and is not intended as legal advice. Disclaimer Our attorneys are experienced in bankruptcy but are not certified specialists. Disclaimer |