Ozment & Copeland P.C.

THE BASICS OF TENNESSEE BANKRUPTCY LAWS

We Ozment & Copeland P.C. strive to be the best bankruptcy attorneys in Tennessee.

Filing for bankruptcy puts into effect an automatic stay, which stops creditors from trying to collect any debt from you. The automatic stay immediately stops creditor phone calls, collection letters, wage garnishments, lawsuits, bank levies, and all other types of harassment, intimidation and scare tactics by creditors.

Once a bankruptcy case is successfully completed, the consumer receives discharge information from the Bankruptcy Court. A Discharge is a legal release from debts. Creditors are left with no legal cause to contact you or pursue debts listed in the bankruptcy documents.
There are two common ways for the typical consumer to file for bankruptcy, Chapter 7 and Chapter 13 . Chapter 7 is the most common type of bankruptcy. It allows a consumer to discharge debts completely through a relatively short process. Chapter 13 is a federal debt consolidation plan which allows you to rearrange your financial affairs and repay just a portion of your debts. In most cases, the idea is to allow you time to get back on your feet.

We at Ozment & Copeland P.C.  hope that the information in this brochure has helped you in the choices you need to make. Don't wait – start rebuilding your credit for a better future. Contact us today to work with bankruptcy attorneys in Tennessee you can trust.