Joe Weyant: Bankruptcy Law Help in Western and Central Tennessee

Practicing personal and business bankruptcy in Clarksville

Bankruptcy no longer carries the stigma it did during generations past. Instead, society now views bankruptcy as a right defined by Congress to allow honest debtors to liquidate or restructure debts they find themselves unable to repay as a result of serious extenuating circumstances. Perhaps the U.S. Supreme Court said it best when it described bankruptcy as an opportunity to provide individual debtors with a "new opportunity in life, unhampered by the pressure and discouragement of preexisting debt."

If you need that kind of new opportunity, it is imperative to seek bankruptcy help in Clarksville from an experienced attorney who can advise you past your emotional distress and who can help you work towards a viable, logical plan of action. Joe Weyant offers the skilled legal guidance in personal and business bankruptcy law in Western and Central Tennessee that you need.

Personal bankruptcy in Clarksville

Mr. Weyant is well versed in the two most common types of personal bankruptcies—Chapter 7 and Chapter 13. In a Chapter 7 bankruptcy, an individual may keep certain property considered exempt from the bankruptcy proceedings. Most liens, such as mortgages and car loan interest, remain intact, and assets are liquidated to repay debts.

In a Chapter 13 bankruptcy, the debtor lays out a plan to pay off his or her creditors over a three- to five-year period of time. This plan describes all payments that will occur, and commences 30 to 45 days following the case’s inception.

Business bankruptcy in Clarksville

Mr. Weyant is also highly qualified in the two major types of B2B bankruptcies in Clarksville: Chapter 7 and Chapter 11. As with individuals, Chapter 7 for businesses means a complete liquidation of the company's assets in favor of its creditors. Chapter 11, on the other hand, resembles Chapter 13 for individuals. Here, a business continues to operate while reorganizing its debt under the watchful eye of a court-appointed trustee. This option is available to sole proprietorships and to corporations.

Other services

In addition to consumer and corporate bankruptcies, Joe Weyant also advises clients regarding:

• Business litigation
• Probate and estate administration
• High asset divorce

Contact Joe Weyant, Attorney at Law for bankruptcy advice in Clarksville

To get bankruptcy advice or to discuss any legal issue with an experienced attorney, contact Joe Weyant today.  He serves clients throughout Western and Central Tennessee.