Strategic Filing of Your Bankruptcy Petition
Bankruptcy represents a one-time opportunity to get relief from debt and creditors. When seeking bankruptcy protection is your best or only option, you might as well take maximum advantage of it.
The law firm of David F. Cannon provides pre-bankruptcy planning to anticipate problems and to make sure the timing is right when you do file. Taking certain steps, avoiding certain moves or delaying your petition could make thousands of dollars of difference in the debts you can discharge or the assets you can protect. It might make the difference in qualifying for bankruptcy, period.
Tennessee Pre-Bankruptcy Planning Attorney
Our lawyers will sit down with you to help you strategize your bankruptcy. We examine your bills and your loans, the value of your property and your equity in those assets, and every facet of your financial picture.
We anticipate all scenarios that could delay or disrupt your discharge, and we consider other factors that can work for or against you in the bankruptcy process:
- Pending divorce — Often it is better to discharge unsecured debts before divorce so that neither of you is saddled with them. Sometimes there are reasons to declare bankruptcy after the fact.
- Retirement — If you have reached retirement age or need to retire early for health reasons, you may qualify to retire your debts as well so that you can make it on a fixed income.
- Preference payments — If you have made payments in the last 90 days to certain creditors such as family or friends, you may need to delay filing. Otherwise the Bankruptcy Court can go after those preferred creditors to retrieve the money.
- Recent purchases or cash advances — Spending sprees, big ticket items, credit card advances or payday loans within 60 days of filing are not dischargeable. It may be prudent or necessary to wait a month or two to file bankruptcy.
Advance planning allows you to pay off certain bills and get your finances reorganized so that you will be in the best possible position going into bankruptcy. Preplanning is anticipated and allowed in the bankruptcy laws. Furthermore, our attorneys will never encourage or allow clients to do anything that would derail their bankruptcy or get them in legal trouble.
Bankruptcy and Asset Protection Attorney in Nashville
David F. Cannon is certified as a Consumer Bankruptcy Specialist by The American Board of Certification and The Tennessee Commission on Continuing Legal Education and Specialization. He has helped thousands of clients file for bankruptcy since 1991, and he will make sure that your petition and the timing of your filing are in your best interests.
Call 615-800-3725, toll free at 877-696-8680, or e-mail our law office today to arrange a confidential bankruptcy planning consultation.
We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.
