Top Memphis, TN Bankruptcy Lawyers

Darrell Castle & Associates has been a cornerstone of the Memphis legal community since 1984. With over 40 years of experience, their team has helped thousands of clients achieve financial freedom through compassionate and results-driven legal services. The firm offers free consultations.

Memphis residents can choose between Chapter 7 and Chapter 13 bankruptcy, depending on their financial situation and goals.

Chapter 7 Bankruptcy

Chapter 7 bankruptcy is ideal for individuals with limited income and overwhelming unsecured debts. It allows you to eliminate debts like credit card balances, medical bills, and payday loans while protecting essential assets through Tennessee’s exemption laws.

The process involves filing a petition, attending a meeting of creditors, and receiving a discharge within a few months. Your Memphis bankruptcy lawyer will guide you through each step.

Chapter 13 Bankruptcy

Chapter 13 bankruptcy is designed for individuals with a steady income who want to reorganize their debts and protect their assets. This option allows Memphis residents to:

• Stop foreclosure and catch up on mortgage payments.
• Pay off car loans and other secured debts over time.
• Reduce unsecured debts based on disposable income.

A Chapter 13 repayment plan typically lasts 3-5 years, after which remaining eligible debts are discharged.

Filing for bankruptcy in Memphis means working within the jurisdiction of the Western District of Tennessee Bankruptcy Court. A local attorney understands the nuances of the court’s procedures and Tennessee’s exemption rules, ensuring the best possible outcome for your case.

If you’re considering bankruptcy in Memphis, don’t wait. Schedule a consultation with a Memphis bankruptcy attorney to discuss your options and take control of your financial future. Start your journey to debt relief today.