Best Bankruptcy Lawyers Franklin, TN

Franklin, TN Bankruptcy FAQs

• Where do I file for bankruptcy in Franklin, Tennessee?

  You can file for bankruptcy in Franklin, Tennessee, at the Middle District of Tennessee United States Bankruptcy Court.

• Where can I get bankruptcy forms in Franklin, Tennessee?

  You can obtain bankruptcy packets online at https://www.tnmb.uscourts.gov/forms.

• If you file for bankruptcy, will it stop wage garnishment in Franklin?

  Yes, filing for bankruptcy can stop wage garnishment in Franklin. Chapter 7 is the less expensive option than chapter 13 bankruptcy. When your chapter 7 bankruptcy case is finished, the creditor cannot resume wage garnishment if the underlying debt is dischargeable in bankruptcy.

• What is the difference between chapter 7 and chapter 13 bankruptcy Franklin?

  The most obvious difference between chapter 7 and chapter 13 is the repayment method in each bankruptcy. If you file for chapter 13, the bankruptcy court in Franklin will order you to undergo a repayment plan to pay your creditors. If you file for chapter 7, most of your debts will be discharged, although you may have to lose some of your non-exempt properties.

• How much are the filing fees for bankruptcy in Franklin?

  The cost of filing for bankruptcy in Franklin and across the state of Tennessee depends on the type of bankruptcy. For a chapter 7 filing, the fees stand at $338, while chapter 13 costs $313.

• If you are a minimum wage earner in Franklin, do you still have to undergo a means test to qualify for chapter 7 bankruptcy?

  You are not required to take the mean test if you are a minimum wage worker in Franklin and your income is well below the median income. On the other hand, if your income is above the state median, you must pass a means test before you may declare bankruptcy.

• Do you have any alternatives to filing for bankruptcy in Franklin?

  Yes, there are other alternatives in Franklin for debt relief than filing for bankruptcy. You can use a credit counseling service to consolidate your debt payments. Generally, a credit counseling program requires you to deposit money with the service once a month. Your deposits will be used in accordance with a payment schedule created by the counselor to pay your creditors. Another alternative to filing for bankruptcy is applying for a debt consolidation loan, either secured or unsecured.