Lefkovitz & Lefkovitz

Nashville Office 615-256-8300       Cookeville Office 931-400-2218

Nashville Office 615-256-8300
Cookeville Office 931-400-2218

Serving all of Middle Tennessee’s Bankruptcy Needs

  1. Home
  2.  » 
  3. Debt Management
  4.  » Debt Restructuring

What Is Meant By “Debt Restructuring”? Let Us Explain It

Any form of debt relief can sound good to a frightened debtor. When creditors begin harassment, or when wage garnishment, bank levies and foreclosure become real possibilities, debtors often look for solutions such as:

If Lefkovitz & Lefkovitz is your debt relief resource, you can be confident in our pledge to provide the right recommendations for your individual situation. We can guide you through the steps to a fresh financial start. You may believe your case is nearly hopeless because of unpaid back taxes, troublesome child support obligations, student loan debts or a second mortgage. In fact, our Tennessee bankruptcy attorneys are well-practiced at devising the best solution for each individual debt scenario. If debt restructuring is what you need, you may be surprised to learn that Chapter 13 bankruptcy provides exactly that remedy.

There Is No Shame In Filing Chapter 13 Bankruptcy If It Is Right For You

If you elect to file Chapter 13 bankruptcy, your secured debts (such as your mortgage and car loan) will be prioritized, as well as nondischargeable debts such as student loans and back child support. Unsecured debts such as credit card debt will be set as lower priorities. Interest rates for some or all debts will be eliminated or reduced for the period of time (three to five years) of the debt repayment plan. At the end of the repayment period, remaining unsecured debt will be discharged.

That is what debt restructuring means — and debt relief is what it can accomplish.

Call Our Experienced Nashville Debt Restructuring Lawyers To Discuss Your Case

Our Nashville phone number is 615-256-8300 and our Cookeville number is 931-400-2218. We will be glad to hear from you by phone or email. We pledge to respond promptly and offer you a free consultation.

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

We help individuals and businesses find the right solution to their money problems.

Our Practice Areas

Debt Relief
Debt Management
Bankruptcy FAQs