Chapter 7: Discharge Your Debt

Chapter 7 bankruptcy effectively “discharges” most of a person’s or business’s past debts, such as credit card balances and other bills. Although many people believe that filing for Chapter 7 will wipe out all of their debts, only eligible forms of debt can be discharged.

To find out if Chapter 7 bankruptcy is the right choice for you, contact Jimmy E. McElroy & Associates in Memphis. We have helped countless clients in Tennessee and Mississippi solve their financial problems and make informed decisions for their financial future.

Bankruptcy Is Different For Every Person

Our experienced bankruptcy lawyers can advise you about which of your debts will be discharged by filing Chapter 7 and which debts will remain. We will also explain the differences between Chapter 7 and Chapter 13 bankruptcy and help you decide which option is best for you and your family.

Who Can File For Chapter 7?

Who can file for Chapter 7? Just about anyone. If you have not filed bankruptcy in the last eight years and you have a valid Social Security number, you can file for Chapter 7. Additional qualifying factors, such as income limits, can change as often as every three to six months. We will keep on top of any changes to the Bankruptcy Code in order to give you the most effective representation possible.

To find out if you qualify for Chapter 7 and to start the process of filing, it is best to speak with a knowledgeable bankruptcy attorney.

Even if you do not qualify for Chapter 7, you may qualify for Chapter 13 bankruptcy.

Speak With An Attorney

Get started today. Contact Jimmy E. McElroy & Associates at 901-881-8730 for a free consultation.

* We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.