Tennessee Homestead Exemption Lawyer
Many people are hesitant to file bankruptcy because they worry that they will forfeit assets and property, including a home. When considering bankruptcy, it is important to know the facts about the process, how to protect your rights and what consequences you will actually face. At the law office of Robert L. Scruggs Attorney at Law, we focus on helping clients achieve debt relief through bankruptcy. We also know state and federal bankruptcy laws, and can help you protect your assets and investments.
Know your options. Know your rights. You can achieve debt relief today. Call 615-866-2408 or contact us by e-mail to arrange your FREE CONSULTATION directly with our lawyer.
Exemptions for Homestead
In the state of Tennessee, we have an exemption for homestead and an exemption for non-real estate property. Remember that even if you are filing bankruptcy, you are most likely able to protect your home. A homestead exemption will depend on the age of the owner and spouse. as well as the number of children living at home. This exemption will go toward your real estate equity when calculating your assets, debts and income.
There are many misconceptions about bankruptcy. One misguided belief is that people who file bankruptcy will lose all of their property, including a home, to the state. In many cases, the opposite is actually true. Even under Chapter 7 liquidation bankruptcy, you may be able to protect your home. Chapter 13 is one of the only ways to immediately stop foreclosure.
Our firm will take the time to review your debts, assets, and income and work strategically to protect your:
- Real estate
- Personal property
- Vehicles, car exemptions, including boats
- Cash in the bank
- Income tax refunds
- Furniture
- Household goods
- Exemptions for clothing
- Jewelry
- Retirement accounts
Bankruptcy DOES NOT Mean Forfeiture of Your Property
If you are considering bankruptcy, remember that by filing correctly, you can keep your exempt property and see that your unsecured debts are eliminated. Our firm is committed to helping our clients achieve debt relief and will work aggressively to protect your rights. We also work routinely with complex and evolving bankruptcy laws and can effectively handle your case. Our Nashville exempt property attorney will take the time to answer your questions and address your concerns so that you can make the best decisions for your family.
For more information, please call 615-866-2408 or contact us by e-mail to arrange a free consultation with our experienced Nashville, Tennessee, lawyer.
Free consultation · Convenient location just off the Hillsboro Rd./21st Ave. exit (3) of the I-440 Parkway on the south side of Nashville · Free parking
