Frequently Asked Questions About Filing Bankruptcy

Here are answers to some common questions about filing bankruptcy. 

Best Bankruptcy Lawyer in Murfreesboro, TN

What is Bankruptcy?

Bankruptcy is a plan to reduce or even eliminate your debt when bills increase to point in which you do not have the ability to repay them. Filing for bankruptcy should be viewed as a last resort, only chosen after all other avenues have been explored. Once you have determined that you need to file for bankruptcy, you should consult a bankruptcy lawyer, such as Galen Pierce, to help you determine your next steps. This choice may feel daunting and scary, but with Galen Pierce Law, you can trust your case and your future are in good hands.

  • Will bankruptcy ruin my credit forever?

    Many people fear that filing bankruptcy will ruin their credit score forever. At the Law Office of Galen Pierce, we understand that building your credit score takes a lot of time and work. That is why we focus on maintaining your score. In fact, filing a bankruptcy can actually help you rebuild your credit score much faster than trying to balance your debts and pay off all your creditors at a slow rate.

  • Can I stop a foreclosure?

    It is possible to stop a foreclosure, but there are certain qulifications you must meet. In the state of Tennessee, you can stop a foreclosure proceeding by filing a Chapter 13 bankruptcy.

  • Can I stop garnishment?

    Yes. The Law Office of Galen Pierce can help you stop wage garnishment (except child support). Once you file for either a Chapter 7 or Chapter 13 bankruptcy, under what is called Automatic Stay, all creditors must leave you alone. This incudes phone calls, letters or lawsuits.

  • Will I get to meet with an attorney?

    Absolutely! We even offer a free initial consultation to go over your case and answer all of your questions!

  • Do I have options?

    At your initial consultation we will go over all of your options with you and provide honest answers. Bankruptcy is not for everyone and we want you to make the best decision for you and your family. If you aren't sure which chapter to choose, we will guide you in the right direction.

  • How much will filing bankruptcy cost me?

    Every person and case is different, making it difficult to give an exact number. This is why we offer a free initial consultation so the attorney can review your case and give you a cost estimate before incurring any charges. 

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