Gallatin Bankruptcy Attorneys

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     Roehrig & Associates
     615-452-9400
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     David Holmes - Bankruptcy Law
     615-206-9900
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     Clark & Washington
     615-230-8629

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  What Type of Bankruptcy
  Case Should You File: 
  Chapter 7 through
  Chapter 13


   
Chapter 7 bankruptcy will discharge
    most types of unsecured debt. The
    trustee will sell any significant nonexempt
    property in order to repay your creditors.

    Chapter 11 bankruptcy is usually used
    by large businesses and corporations.
    Individuals can use Chapter 11 too, but
    it seldom makes sense for them to do so.

    Chapter 12 bankruptcy bankruptcy
   
is designed for farmers and fisherman.
    Chapter 12 repayment plans can be
    more flexible due to the higher debt due
    to equipment and other factors.

    Chapter 13 bankruptcy offers a way
    to resolve past due mortgage payments
    while dissolving some portion of
    dischargeable debt. You can usually
    can save the home from foreclosure
    and get rid of a lot of credit card debt,
    medical debt, and possibly even second
    and third mortgages. This is the most
    common individual type of bankruptcy
    chapter to file.

 

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