Which Bankruptcy Chapter Is Right For Me?

You will have to make many important decisions when it comes to your bankruptcy filing. The most important, however, will be whether to file under Chapter 7 or Chapter 13. Luckily, you do not have to make that decision alone.

With more than 40 years of combined experience, bankruptcy attorneys Charles Rich and Ryan Rich of the Law Office of Rich & Rich in Memphis can guide you through the process. Our firm focuses on providing client-centered representation that gives you peace of mind and saves you time and money.

Finding Solutions Tailored To Your Needs

When you meet with us, we will assess your financial situation to determine which chapter will better solve your debt problems and give you the best chance at a clean slate. We will look at:

  • Whether you are earning any income and how much
  • Where your debt problems lie, such as whether you have high credit card bills or you are behind on your mortgage
  • Other assets such as a car, a second home or other valuables
  • Whether you owe student loan debts, back taxes, child support or court fines

Depending on the answers to the above questions, you may qualify for Chapter 7 "liquidation" bankruptcy that gives you quick relief. If you are earning enough and want to save your house from foreclosure, it may be beneficial to file for Chapter 13 bankruptcy.

You will never have to make these choices alone. You will work closely with our attorneys throughout the process, ensuring that you are always in the loop about what is happening and benefiting from our extensive knowledge of bankruptcy law and procedure. Our attorneys will walk you through the process, explaining your options and the possible outcomes of every decision in "plain English," putting you in the best possible position for a successful outcome.

Get The Answers You Need Today

We invite you to schedule a free consultation at our office in Memphis, Tennessee, where we can get to know you and figure out what works best for you. To learn more, send us an email or call us at 901-201-6163 or 866-935-6740 today.