Bankruptcy FAQ's

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Here Are Some Things You Should Know About Bankruptcy

At Shults Law Office we are often asked similar questions by clients who are afraid of the idea of facing bankruptcy and who have come to us for legal assistance. Although each client’s case will have its own unique circumstances, filing for bankruptcy is not an isolated occurrence. We’ve compiled answers to a few bankruptcy FAQs we hope can alleviate any concerns you may have.
  • Q: Should I File For Bankruptcy?

    A: Filing for bankruptcy is typically a fast process, one that can help you resolve your financial issues. Under Chapter 7 bankruptcy, a lawyer can help you relieve your debts, as well as stop creditors from harassing you with phone calls, threats of collections, lawsuits and more.

  • Q: What Does The Bankruptcy Process Look Like?

    A: Most cases will take about three to six months to resolve. When you file for bankruptcy, your creditors have a 90-day deadline to file proof of your debt, contest your case and request payment from you. Since this can become complicated quickly, it is in your best interest to have an attorney who can guide you throughout the entire process.

  • Q: Do I Get To Keep My Car And House?

    A: This depends. With Chapter 7 bankruptcy, it is often necessary to liquidate assets in order to pay off debts. However, our attorney will work with you to determine the wisest course of action and see which liquidation options will work best for you. Our aim is to save items that are important and essential to you as you move forward and rebuild your life. This may include your home or a vehicle that allows you to get to and from your job.

  • Can my statement in a police accident report be offered into evidence at trial?

    Not in Tennessee state court. A Tennessee rule of evidence specifically excludes police accident reports from the types of public records that can be admitted into evidence at trial to show how an accident occurred.


    However, a police officer who actually witnesses a wreck can be asked to testify about what he or she saw. He or she can also be asked about what the people involved in the lawsuit said after the wreck and about measurements taken at the scene of the wreck. But the police report cannot be introduced into evidence absent in extraordinary circumstances, whether the officer is there or not.

We Have The Resources To Help You Today

For other inquires or to begin the process of getting your finances back in order, reach out to our law office. With our up-to-date tools and resources, we work efficiently to help our clients straighten out their debts.

If you are living in Sevierville or the surrounding area of Tennessee and you are struggling to keep up with bills, payments and more, let us help you. Call 865-280-1084 to schedule a free consultation with us or request a meeting using our online form today.
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