Bankruptcy

Helping the people of Tennessee and Kentucky find financial relief

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

The Kennedy Law Firm, PLLC helps individuals and businesses unable to make payment arrangements with creditors on their own find financial relief. Perhaps the amount of debt has become overwhelming or perhaps the number of creditors has become unmanageable. Whatever the reason, federal bankruptcy laws provide several alternative forms of relief, including:

  • Chapter 7 bankruptcy allows a discharge of most debts and a fresh start for individual and corporate debtors
  • Chapter 11 bankruptcy reorganizes debt to let businesses execute viable recovery plans while staying in business
  • Chapter 13 bankruptcy lets wage earners develop and execute a recovery plan over three to five years

Contrary to common belief, consumer bankruptcy filing is still available. Our bankruptcy attorneys are extremely knowledgeable in the Bankruptcy Code and case law.

How do you know it is time to file for bankruptcy?

If you are suffering from mounting debt, you are not alone. You are one of millions of Americans suffering through difficult economic times. Sometimes you can negotiate with one or two creditors to give you payment plans that you can afford, but when paying creditors becomes overwhelming, it may be time to consult with us. Our bankruptcy attorneys can put a stop to:

  • Harassing phone calls
  • Letters from collection agencies
  • Wage garnishments on your paycheck
  • Repossession of your car
  • Foreclosure of your home

Bankruptcy may not be the only answer for you

As a debt relief agency, we may be able to find ways to manage your debt without filing bankruptcy. Creditors are often more willing to agree to work out plans when proposed by our attorneys. The only way to know is to contact us to evaluate your particular situation.

Frequently asked questions

What do I need to do to begin the bankruptcy process?

Your first step is to inventory your past and present debts. You will also need a list of your assets to include in your petition in the bankruptcy filing. Schedules of assets and liabilities, along with a statement of your financial affairs, comprise the petition you will file with the bankruptcy court, accompanied by your filing fee.

What debts does bankruptcy not cover?

Bankruptcy cannot relieve you of all debts. The following will probably still be your responsibility:

  • Alimony and child support
  • Drunk driving judgments
  • Criminal fines
  • Criminal restitution
  • Debts incurred by fraud or intentional wrongdoing
  • Back taxes under three years old
  • Student loans
  • Recent large purchases of more than $550 for luxury goods made within 90 days of filing

Bankruptcy attorneys at The Kennedy Law Firm, PLLC can review state exemptions with you so you can better understand how bankruptcy may help your specific situation.

How long will my bankruptcy appear on my credit report?

Bankruptcy remains on your credit history and can appear on your credit report for ten years.

Must I still pay my bills after I file for bankruptcy?

Yes. You must continue to pay your monthly bills, including rent, electric and other utility bills, house and car insurance, and other regular bills.

We're committed to helping people

As a client, you’ll receive our full commitment. With offices in Clarksville, Tennessee’s fifth largest and youngest city, The Kennedy Law Firm serves clients throughout Tennessee and Kentucky, including the counties of Montgomery, Davidson, Stewart, Cheatham, Houston, Dickson, Humphreys and Henry in Tennessee, as well as Todd and Christian counties in Kentucky. Call us today at 1.931.266.4107 or contact us online. We look forward to speaking to you about your situation.