Q: I need to file bankruptcy. I had a business and have merchant loans outstanding. I no longer own my business, what can
What do I need to do? Do I file bankruptcy?
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- Tennessee
- (865) 637-3035
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- Answered
A: Call a BK attorney and ask for advice. If BK is not an option, hire a competent TN attorney to look at your assets and properly Exempt them to the extent of TN statutes.
Martha Warriner Jarrett and Timothy Denison agree with this answer
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- (916) 704-3009
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A:
I'm sorry you're facing this difficult situation. First, assess all your outstanding debts, including the merchant loans, to understand the full scope of your financial obligations.
Next, consider whether filing for bankruptcy is the best option for you. There are different types of bankruptcy, such as Chapter 7 or Chapter 13, each with its own implications. Filing can help discharge certain debts and provide a fresh start, but it also impacts your credit and financial future.
Gather all necessary financial documents and information about your debts and assets. It might be helpful to consult with a legal advisor who can guide you through the process and help you understand the best steps to take based on your specific circumstances.
Timothy Denison agrees with this answer
A:
The answer to your question is unclear, as it would take a lot more information to diligently make a recommendation.
Contact a bankruptcy attorney and schedule a consultation.
Good luck with your case!
Martha Warriner Jarrett and Timothy Denison agree with this answer
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