Lefkovitz & Lefkovitz
Nashville Office 615-686-2279 Cookeville Office 931-400-2218
Serving all of Middle Tennessee's Bankruptcy Needs

Filing for Chapter 13 or Chapter 7: When waiting too long can cost you

Filing for bankruptcy is a big decision that should never be rushed or taken lightly. But for individuals, couples and small-business owners who feel like they are drowning in debt, bankruptcy can be a lifesaver, sometimes literally.

The stress of excessive financial obligations can be overwhelming -- it can affect your physical and mental health, your career, your marriage and your family. If you believe bankruptcy is your best option for relief, delaying your filing could cost you, both emotionally and financially.

Stopping foreclosure, repossession and other actions

Delaying an inevitable bankruptcy filing can make it harder to keep your house, vehicle or other assets. If you qualify, a timely Chapter 13 can stop a foreclosure sale and help you deal with mortgage arrears; it can also help you address delinquent car payments and other problems related to secured debts, plus alleviate the stress-toll on your body and mind. If appropriate, a Chapter 7 filing can do away with your unsecured debt payments (on medical bills and credit card balances, for example) and allow you to use your money to survive, save and rebuild.

Timing is essential if you are under the gun to prevent the loss of something important.

Stopping the bleeding

Problem debt can feel like an open wound that keeps bleeding. If you continue, in vain, to make payments on credit cards, loans or other unaffordable debts, you may be throwing away money that you can use for things that really matter -- like food, housing and other critical needs. When used strategically, bankruptcy can help filers save a lot of cash, get out of debt and move on with their lives.

Talk to an experienced attorney if you're considering bankruptcy

Bankruptcy is not right for everyone, but neither is unnecessary misery. Get the help you need if you are suffering with debt that you know you can't overcome on your own.

Depending on your circumstances, you may be amazed at what bankruptcy can accomplish. Consider getting a free, confidential consultation from an experienced bankruptcy lawyer if you think you may be a good candidate.

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Nashville Office
618 Church Street, Suite 410
Nashville, TN 37219

Phone: 615-686-2279
Fax: 615-255-4516
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Cookeville Office
312 East Broad Street, Suite A
Cookeville, TN 38501

Phone: 931-400-2218
Fax: 931-526-6244
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