Bankruptcy Lawyer for People Facing Job Loss

Have you lost your job or been temporarily laid off or furloughed? Are you not sure how you are going to repay your debts while you are not earning income? Are you looking for a way to get relief from debts that used to be manageable and are now piling up unpaid?

At Reno Law Firm, we help people who have experienced job loss explore their bankruptcy options. If you decide bankruptcy is right for you, we will help you select a chapter and complete your filing. Contact us today to schedule a free consultation with attorney Claire Reno. Based in Memphis, we serve clients in Shelby County and throughout the region.

Understanding All of Your Debt Relief Options

When people are employed in what they believe are stable jobs, they often accumulate credit card balances and other debts, expecting to be able to repay them out of their salaries and wages. Unfortunately, job loss can make a carefully planned-out situation unmanageable.

Filing for bankruptcy may help you cope with short-term or long-term job loss without suffering creditor harassment and other consequences of unpaid debt.

If you do not expect that you will be able to get another job at the same pay rate anytime soon, Chapter 7 straight bankruptcy may allow you to eliminate old debts while you and your family adjust to a lower income. If you were temporarily laid off or have gotten another job, a Chapter 13 wage earner plan can help you spread out mortgage arrears and other debts accumulated while you were out of work.

Helping People in Chapter 13 Deal With Job Loss

If you are already in a Chapter 13 bankruptcy payment plan and have recently lost your job, you may not be able to keep up with your payment obligations under the plan. If so, you may be eligible to convert your bankruptcy to a Chapter 7. This could, however, have significant consequences, especially if you own a home.

At the Reno Law Firm, we regularly counsel clients on their options when they suffer job loss while repaying debts under Chapter 13. Contact us to learn more.

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

At the Reno Law Firm, based in Memphis, Tennessee, we represent clients throughout West Tennessee, including the communities of Brownsville, Germantown, Collierville, Bartlett, Arlington, Millington, Cordova, Covington, Jackson, Munford, Atoka, Brighton and Bolivar; and other locations in Shelby County, Tipton County, Fayette County, Haywood County, and Madison County

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