Filing Chapter 7 in Tennessee, also known as “liquidation bankruptcy,” is the most common type of bankruptcy for individuals.
It is also the fastest form of bankruptcy and is best suited for those with little-to-no disposable income and whose monthly income falls below the median income for Tennessee.
The reason Chapter 7 Bankruptcy is such a popular option among individuals struggling with debt management is because it affords you numerous benefits.
Filing for Chapter 7 typically only takes 3-6 months, so you can get to your fresh start quickly. You'll also get to keep the valuable assets that you own such as your house, and you will maintain your future earnings after filing.
If you are experiencing crushing debt, Chapter 7 bankruptcy can help you secure a fresh start and provide the financial relief you deserve.