Bankruptcy Attorneys in Chattanooga, Tennessee

If you are living paycheck to paycheck, stressing over unpaid bills, or burdened by seemingly insurmountable debt, it may be time to seek a legal solution to your financial troubles. At Farinash & Stofan, we want to help you remove the burden of your debt so that you can achieve the financial freedom that you deserve. With over 50 years of combined legal experience, our team of legal professionals has helped numerous families from Chattanooga, Tennessee, and the surrounding areas tackle their crippling debt. Through our custom debt solutions like Chapter 7 and Chapter 13 Bankruptcies, we have stopped harassing calls from creditors, saved family homes, and have helped our clients take back their lives. At Farinash & Stofan, we are happy to offer our Affordable Payment Plan to clients that need assistance with their filing fee. Call our office today to schedule a free case consultation.

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Jerrold D. Farinash

Attorney at Law

Since 1983, Jerrold Farinash has been helping families achieve their financial freedom through personalized Chapter 7 and Chapter 13 bankruptcy solutions. He understands that not everyone's financial circumstances are the same and that everyone's goals and needs can vary. That is why, as your attorney, he will personally get to know you so that he can outline a reliable plan for your financial situation. No matter the complexities of your case, Jerrold's decades of knowledge and deep understanding of bankruptcy law can help you end the anxiety of financial uncertainty and find peace of mind. Call his office today to schedule a consultation and discuss your situation.

Jerrold D. Farinash attorney
Amanda Stofan Attorney

Amanda M. Stofan

Attorney at Law

As a skilled bankruptcy attorney with more than 10 years of experience, Amanda Stofan has helped countless individuals and families keep their homes and reduce the stress of their financial debt through Chapter 7 and Chapter 13 bankruptcy solutions. Amanda is dedicated to her clients and works closely with them to create custom debt relief plans, whether that be bankruptcy or other alternatives. With her legal guidance, she can help you reach a resolution that puts you on a path towards financial stability. If you're facing financial difficulties, let Amanda help forge a path forward. Call her office located in Chattanooga, Tennessee, today to schedule a free consultation.

Amanda M. Stofan

Attorney at Law

As a skilled bankruptcy attorney with more than 10 years of experience, Amanda Stofan has helped countless individuals and families keep their homes and reduce the stress of their financial debt through Chapter 7 and Chapter 13 bankruptcy solutions. Amanda is dedicated to her clients and works closely with them to create custom debt relief plans, whether that be bankruptcy or other alternatives. With her legal guidance, she can help you reach a resolution that puts you on a path towards financial stability. If you're facing financial difficulties, let Amanda help forge a path forward. Call her office located in Chattanooga, Tennessee, today to schedule a free consultation.

Amanda Stofan Attorney

What Bankruptcy Can Do for You

Many people begin the bankruptcy process thinking, "what will I lose if I declare bankruptcy?" The honest question you should be asking is, "what do I have to gain?" Filing for bankruptcy is not declaring defeat, but rather starting on a journey towards financial independence. Bankruptcy is a legal process created by the government to help individuals who cannot pay back their creditors seek relief from some, if not all, of their debts. Although filing for bankruptcy can seem daunting, it has helped hundreds of thousands of families and individuals gain solid footing after significant financial losses. If you are facing harassing phone calls from creditors, struggling to make payments, facing wage garnishments, or even facing foreclosure, filing for bankruptcy may be the right option for you and your family. At Farinash & Stofan, our skilled attorneys can assess your situation and create a personalized debt solution that fits the unique needs and goals of your case. Do not wait until it's too late. Call our office located in Chattanooga, Tennessee today, to schedule a free consultation. Together we can discuss the details of your situation and explore all of your legal options.

Debt Relief Options offered at Farinash & Stofan

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    Chapter 13 Bankruptcy

    Chapter 13 bankruptcy — also known as "reorganization bankruptcy" — is for people who have consistent income. With this form of bankruptcy, no property is liquidated, but you are expected to pay back your creditors all or part of your debt through a repayment plan.

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    Chapter 7 Bankruptcy

    Chapter 7 Bankruptcy — also known as "liquidation bankruptcy" — means that a bankruptcy trustee will be assigned to liquidate your properties to pay back creditors. This type of bankruptcy is for individuals who have many forms of unsecured debts, and in general, leave people with little to no debt.

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    Other Debt Relief Solutions

    At Farinash & Stofan, we offer alternative debt solutions like Chapter 11 bankruptcy. This form of bankruptcy allows businesses to remain open and operating but enforces that they go through a court-approved consolidation period and reorganization that allows them to pay back creditors.

It's Time for A Fresh Start

Factors that Determine the Best Bankruptcy Option for You

Your Goals

Everyone's financial circumstances can vary, so when it comes to which type of bankruptcy option is best for you, that will depend on what your desired outcome is. While Chapter 13 usually allows you to keep your properties and assets, Chapter 7 more often than not will leave you with little to no debt left to pay off.

Income Levels

Your income level can be a significant deciding factor for which bankruptcy option is right for you. High-income households are often prompted to file under Chapter 13 because they tend to have a more stable income — whereas low-income households often do not and may be better off filing under Chapter 7.

Type of Debt

Attorneys can often determine the best bankruptcy option for you based on the type of debt you've acquired. Debt that consists of student loans and unpaid taxes is usually filed under Chapter 13 bankruptcy, and debts like credit card debt and unpaid medical bills are typically better resolved using Chapter 7.

Reliable Bankruptcy Attorneys in Chattanooga, Tennessee

At Farinash & Stofan, we take great pride in serving the residents of Chattanooga, Tennessee, and have dedicated our practice to helping its hard-working residents. With over 50 years of combined experience, we not only have the tools but know-how to help you get the long-lasting financial solutions you deserve. If you are seeking legal guidance with your Chapter 7 or Chapter 13 bankruptcy case, call our office today to schedule a free consultation. Our attorneys are happy to take clients from the surrounding counties of Hamilton, Bledsoe, Rhea, Meigs, and McMinn.