Chapter 13 Bankruptcy may be the best option to set you free from the burden of debt.
The Sevierville Seymour Knoxville Bankruptcy lawyers at Scott Law Group help people get relief from many debts that cannot be discharged in a Chapter 7. If a Chapter 13 is not the best solution for you, our attorney look hard at filing a Chapter 7 bankruptcy case for you.
The beauty of a Chapter 13 case it is allows you to set a plan to repay creditors over time, usually between three years an five years.
Don’t let an inexperienced attorney convince you to file a Chapter 7 bankruptcy when a Chapter 13 case might be the best option. Our skilled bankruptcy attorney will go over your options so you can get the best help for your situation.
Experienced bankruptcy attorneys in Sevierville Explain the Chapter 13 Bankruptcy Process
An automatic injunction (known as the automatic stay) is immediately entered when you file your Chapter 13. That stops creditors from doing anything to collect from you, including filing a lawsuit, continuing a garnishment, or harassing phone calls. Those MUST STOP!
Your chapter 13 repayment plan will be filed with the court. The plan must detail how you will repay your creditors even if they just get a small percentage of their debt paid. The plan will extend from 36 to 60 months. Unsecured creditors are not allowed to charge interest during the repayment period.
Eradicate Credit Card Debt in your Chapter 13 Bankruptcy
In just the same way Chapter 7 claims wiped out, Chapter 13 also helps you wipe out credit card debt. Your plan payments will include a percentage of payment to the credit card companies. Usually a small percentage. The great news is that interest on credit card debt stops once you file your case. Also unsecured creditors (which is most of them) only receive a percentage of what they are owed. This helps you when you develop your plan. Once you complete all payments under your plan you are done. Any unpaid debts are wiped out because of your discharge.
Is Bankruptcy Right for You?
When you wake up to an avalanche of bills, collection calls and perhaps lawsuits, it’s easy to be overwhelmed. Folks who just yesterday seemed to have plenty of money (and the world by the tail) are seeking bankruptcy protection. It’s a new world we live in.
Certainly, bankruptcy might not be the right choice for everyone. It’s also true that bankruptcy isn’t the right solution for every debt problem. The question you’ve got to answer is, “Is bankruptcy the best option for me?”
Beginning in 1983, small businesses, individuals and many families have turned to the Knoxville Bankruptcy Firm to get straight answers and reliable advice. During the last 35 years we have had offices in Knoxville and Sevierville and are now located between both of them in Seymour. We’ve had clients tell us that visiting us away from the hustle and bustle of the city or the tourists has a calming influence. We like it too.
Our office at 209 Chilhowee School Road, is easy to find and easy to park. Right at the door! No need to hunt a parking place like Knoxville or Sevierville. Our clients appreciate that.
We know bankruptcy. In 1983, attorney Dan Scott filed his first chapter 7 bankruptcy case in Knoxville. Since then he has filed lots of cases. Some of them are purely consumer cases helping people get relief from credit card debt, medical bills and in the right circumstances income taxes. Attorney Barry Eubanks has worked on both the debtor and creditor side of bankruptcy. The broad experience of both of our attorneys allows us to have a unique perspective that helps solve problems.
We know more than bankruptcy. Because we file a lot of bankruptcy cases, it’s obvious that we know the bankruptcy system. That’s important to you. Although the Bankruptcy Code is a federal law, often Tennessee law has a huge impact on the proceeding in a bankruptcy case. Because we often appear before trial judges in both bankruptcy court and state courts we’ve established credibility with the judges, the trustees and other attorneys practicing in this arena.
Our clients are good people and we treat them that way. Whether you come to see the attorneys with Scott Law Group, PC for a bankruptcy, a divorce, or a business dispute, we recognize that this is a stressful time for you. Our goal is to shoulder the stress, help you have the confidence to see past the problem and develop a solution that meets your goals. That’s what we do. We do it every day! We recognize that you didn’t desire to be in the problem. We’ll treat you with respect every step of the way. You deserve it.
Call for a Free Consultation Today 865-246-1050
Consider your options based upon the advice of experienced attorneys. If you are considering Chapter 7 bankruptcy or Chapter 13 bankruptcy, don’t delay — call today 865-246-1050 or contact one of the bankruptcy lawyers directly for a free consultation. We pay for your first visit because we are confident of our service.
Knoxville – Sevierville law firm Scott Law Group, PC is a full service law firm for individuals and businesses providing business consulting and development along with legal services in business entity formation, real estate development and transactions, probate and estate administration, commercial and consumer bankruptcy, personal injury, and litigation in all courts.
Thank you for visiting Scott Law Group, PC.
Business Development | Strategic Consulting
For over 30 years Mr. Scott has helped businesses both large and small overcome obstacles that seem to rise up when least expected. We can help you develop your business plan for both operation and to seek investors including loans. We take a holistic approach with all of our clients. You have the vision for your company and how you want to serve your customers. We take that vision, join it with thousands of hours of experience to help you hone your approach to success.
If your business has been going for a while, perhaps it’s time to bring in someone with experience and the desire for you to succeed to give you a fresh look at the business. Mr. Scott’s extensive background in business, including his education and personal business experience, may just be the right combination to help you get to the next level.
Are you asking yourself these questions about your business?
- Is structure of my business the best solution for me and the other stakeholders?
- Are my accounting systems sufficient from both and operational and audit standpoint?
- Do my employment policies protect me from the easy “win” by a disgruntled employee?
- Have I protected my ideas and methodologies effectively?
- Should I have a succession plan in place eventhough I don’t plan on retiring for another 15 years?
- How can I pass this business on to my children?
If you ARE asking yourself any of these questions about your business, then give us a call at 865-246-1050 and let’s get started.
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