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Memphis, TN Consumer Bankruptcy Lawyer

There are few things more important than financial stability. Unfortunately, many Americans find themselves in a significant amount of debt that they cannot pay off on their own. If you are in this situation, our Memphis, TN consumer bankruptcy lawyer is here to fight for your future and provide you with the solution you need to get your financial situation back on track. Contact the Arnold Law Firm today to learn more about how we can assist you.

Consumer Bankruptcy Lawyer | Here for the People of Memphis, Tennessee

Are you in a great deal of debt? Are you worried about losing your home or other important possessions as a result of that debt? If so, the time to act is now. By speaking with a Shelby County, TN bankruptcy lawyer, you drastically increase your chances of attaining a favorable outcome. The Arnold Law Firm has years of experience representing clients here in Memphis and throughout the state of Tennessee, and we are prepared to put that experience to work for you.

Consumer Bankruptcy Services

We provide bankruptcy services to individuals from all backgrounds and financial circumstances. We are here to help you with the following:

  • Chapter 7 Bankruptcy: Chapter 7 bankruptcy is also known as liquidation bankruptcy. In Chapter 7 bankruptcy, an individual will sell off his or her non-exempt assets to pay off all dischargeable debt. In most cases, filing for Chapter 7 bankruptcy allows a person to remain in their home, continue to possess a motor vehicle, and more, all while wiping away most, or all, of their debt. However, to file for Chapter 7 bankruptcy, you’ll have to pass the “means test,” which means you’ll need to prove that you earn less than a certain amount yearly.
  • Chapter 13 Bankruptcy: Chapter 13 bankruptcy, also known as reorganization bankruptcy, is designed to help certain individuals restructure their debt over a three or five-year period at a more feasible rate. For many people, this is the ideal form of bankruptcy, as it allows them to simply repay their debts without having to give up any of their assets or possessions.
  • Wage Garnishment Defense: One of the most common things creditors will do when they believe they’re owed a significant amount of money is to garnish a person’s wages. As you can imagine, this can be an overwhelming experience, but with the right consumer bankruptcy lawyer in your corner, you may have a way out.
  • Vehicle Repossession Defense: Don’t let creditors take your vehicle. You’ve worked hard to get the funds to purchase your vehicle, and you need it to get from place to place. Our firm can help shield you from vehicle repossession efforts.
  • Foreclosure Defense: Often, when someone is in a significant amount of debt, they will face the prospect of losing their home. The Arnold Law Firm has extensive experience helping clients stay in their homes through filing for bankruptcy.
  • Creditor Harassment Defense: Creditors are notoriously ruthless when seeking out the debt they believe they are owed. If you are receiving endless phone calls, letters in the mail, and more, the time to act is now. The longer you wait, the more the issue will snowball. Fortunately, if you’re reading this, you’re in the right place. The Arnold Law Firm is here to help.
  • Bankruptcy & Divorce in Tennessee: Often, couples get divorced because of financial troubles or disagreements. In other cases, individuals find themselves facing financial hardship after a divorce. Regardless, the bottom line is that divorce and financial issues are frequently intertwined, and if you are struggling financially, you should strongly consider hiring a lawyer experienced in handling these matters.
  • Driver’s License Suspension & Bankruptcy: If you were involved in a motor vehicle accident and find yourself unable to cope with court costs, fines, and other financial hardships, you may actually be at risk of losing your driver’s license. The Arnold Law Firm is dedicated to helping anyone who finds themselves in this situation. If you need assistance paying off your debts, all while retaining your driver’s license, look no further than our legal team.

Going through the bankruptcy process can be frightening, but you don’t have to do it alone. The Arnold Law Firm is here to help you, every step of the way.

What is the Automatic Stay?

For most people, once they realize they are in a great deal of debt, the first thing they worry about is whether they will lose their home. Unfortunately, for many Americans, if they don’t take action timely, this is a harsh reality. That said, if you find yourself in this situation, you do have options. One of those options (and perhaps the best option) is filing for bankruptcy, and for several reasons.

To start, filing for bankruptcy allows a person to eliminate all dischargeable debt (as long as they qualify and successfully complete the process), which means they will be in better financial standing and better able to continue making regular payments on their home. Further, the second a person files for bankruptcy, it will trigger what is known as the “automatic stay.” The automatic stay essentially prohibits creditors from all collection activities, including vehicle repossession, foreclosure on homes, and more, allowing people to stay in their homes and keep their possessions.

Student Loans & Bankruptcy

In years past, discharging crippling debt via bankruptcy was virtually impossible, as the standard established for “undue hardship” was vague and too high. However, recently, a change to the law has made it possible for many struggling with significant student loan debt to have that debt discharged through bankruptcy. If you believe you may qualify, our firm is here to help.

Why Hire the Arnold Law Firm?

Filing for bankruptcy is a fantastic tool for those in deep debt. However, the outcome of your case will likely shape your life for years into the future, which is why you must choose your attorney wisely. Here at the Arnold Law Firm, we believe that everyone has a right to reclaim their financial future, and we are here to guide them down that road.

Contact a Consumer Bankruptcy Lawyer Today

The bottom line is that if you are an individual who is going through financial turmoil and are wondering whether bankruptcy is the best option for you, we are here to provide you with answers and solutions. Contact the Arnold Law Firm today to schedule your initial consultation with our dedicated legal team. We are here to listen to your story, assess your situation, and, from there, put forth a legal strategy to set your finances straight.

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