Over the past two decades, the attorneys of Leavengood & Nash have assisted thousands of clients reduce or eliminate their debt while keeping their exempt assets in route toward achieving financial freedom! The consumer bankruptcy practice consists of the complete representation of individuals in Chapter 7 and Chapter 13 proceedings.

Chapter 7 Liquidation
Chapter 7 Bankruptcy affords you an opportunity to discharge debts, bills and financial obligations, while allowing you to keep exempt personal property. In most circumstances, this will allow most clients to keep most of their assets. A Chapter 7 bankruptcy is designed to give families or individuals a fresh financial start without being burdened by old credit cards, bills and judgments.

Chapter 13 Reorganizations
Chapter 13 Bankruptcy provides a method for repaying a small percentage of your debts, interest free, over a period of time according to ability to pay. Chapter 13 allows you to stop foreclosures, catch up on past due mortgage payments, restructure your car loan and pay off your other debts according to a court approved plan of reorganization. In most cases, your monthly payments will be dramatically reduced and your outlook vastly improved.

At Leavengood & Nash, an attorney will take time to discuss your options and prepare a personalized plan based upon your individual facts and circumstances. This plan will predict the percentages that your creditors are going to receive, depending on your remaining disposable income after taking into account court approved "reasonable living expenses." In most cases, your plan will pay unsecured creditors a fraction of what you owe, interest free, while relaxing the statutory restrictions on the amounts of assets you would be allowed to keep in a Chapter 7. A Chapter 13 will even allow you, in some circumstances, to "cram down" your car payments on certain automobiles so that you only pay back what the car is worth, not the full amount that you owe.

Please call us today for a free consultation. (727) 347-7828