Chapter 7 Bankruptcy

Memphis, Tennessee: Chapter 7 Bankruptcy Lawyer

If you suffer from unmanageable debt and feel like you will never be able to catch up with your bill payments, Chapter 7 bankruptcy might be the solution you're looking for.

With Chapter 7 bankruptcy — also called "straight" or "debt liquidation" bankruptcy — the federal government allows you to wipe out your unsecured debts. Unsecured debts include credit cards, doctor's bills, medical expenses, repossessed cars and foreclosed homes.

After your bankruptcy petition is approved, those debts are completely gone.

With secured debts (a house with a mortgage, a car with an auto loan), you have two choices in Chapter 7 bankruptcy. You can either "reaffirm" those debts, which means you keep making your regular monthly payment. Or, you can surrender the debt, which means you walk away from the house or the car.

The Law Office of Charles Rich
Memphis, Tennessee
901-323-0890 ∙ E-Mail

The Law Office of Charles Rich has helped thousands of people use Chapter 7 bankruptcy to get out from under the stress of unmanageable debt. With help from our law office, you can file a Chapter 7 bankruptcy and get a fresh financial start.

Attorney Charles Rich has been a bankruptcy lawyer in the Memphis area for more than 30 years. With knowledge borne of decades of experience, he personally guides each client of our office through the entire bankruptcy filing process.

Chapter 7 or Chapter 13?

Since the bankruptcy laws changed in 2005, people who want to file for Chapter 7 bankruptcy must meet certain income requirements. This is called the "means test" for Chapter 7 bankruptcy.

If you do not meet the income requirements to file for Chapter 7 bankruptcy, Chapter 13 bankruptcy may still be an option.

In a free and confidential consultation at the Law Office of Charles Rich, we will do the necessary calculations for you — and give you advice about whether Chapter 7 or Chapter 13 bankruptcy is a better option for you.

Answers to Your Questions About Bankruptcy

Bankruptcy no longer carries the social stigma it used to. These are difficult financial times, and money troubles are common. Still, deciding to file for bankruptcy is a major life decision — and you should make sure you have answers to all your questions before making the final decision.

To help you get the information you need about bankruptcy, the Law Office of Charles Rich provides additional general information about bankruptcy on the following pages of our Web site:

Contact the Law Office of Charles Rich
Memphis, Tennessee

If you are struggling with too much debt and don't know what to do, we encourage you to contact our office for a free and confidential consultation.

We can answer your questions and discuss your options in a comfortable and respectful setting.

To schedule an appointment, call 901-323-0890 or send us an e-mail.

Complete our bankruptcy case evaluation form.