Lefkovitz & Lefkovitz
Nashville Office
615-686-2279
Cookeville Office
931-400-2218
We help individuals and businesses find the right solution to their money problems.

chapter 7 Archives

Bankruptcy trustees ask for passwords to online accounts

Tennessee debtors who file for bankruptcy might be asked about various assets, but they are normally not asked to provide passwords to online accounts. However, two Chapter 7 bankruptcy trustees in Maryland have requested that debtors turn over their passwords to eBay, PayPal and Amazon Prime accounts, a move bankruptcy attorneys say is needlessly intrusive. The paperwork also says that the passwords cannot be changed for 10 days and the accounts cannot be closed.

The importance of paying bankruptcy fees

Tennessee residents who are considering bankruptcy should be aware of the importance of following the rules of the bankruptcy process. While bankruptcy is often a stressful time for those who may be struggling with overwhelming debt, this stress does not absolve the debtor from meeting their responsibilities.

Small business bankruptcy: know your options for moving forward

As a small business owner, you may be no stranger to financial struggles that threaten your business and perhaps even your personal assets. If you are in this situation, what alternatives there are to bankruptcy for getting debt relief? And if you do choose to file bankruptcy, what are the benefits and potential drawbacks of doing so?

Time of property transfer can be a bankruptcy issue

Every Tennessee bankruptcy filing presents courts with unique circumstances to consider. A case between a dentist and a patient awarded a judgment for malpractice illustrates one of the problems that can arise between debtors and creditors. In this case before the U.S. Court of Appeals for the 9th Circuit, the judges needed to decide if the legal concept of equitable tolling supported the creditor's claim.

Debt consolidation loans don't work for everybody

Tennessee residents who have a lot of credit card debt might decide to take out a loan as a way to consolidate their debts, lower interest payments and get out of debt faster. While debt consolidation loans may help some debtors, such loans may cause others to get deeper into debt.

Getting credit card debt under control for retirees

Many retirees who are living in Tennessee struggle with high credit card debt balances. Among all U.S. households, the average credit card debt is $5,700. For people who are ages 65 and older, the average debt is $6,351. There are several things retirees can do to control their debt as well as to obtain debt relief.

Considering bankruptcy? You may be able to keep more than you think.

Many people avoid bankruptcy because they think they will lose everything. However, the fact is that most individuals are able to keep many of their assets during bankruptcy by using an effective legal tool known as bankruptcy exemptions.

Signs that people need financial advice

Debt is one of the main reasons why Americans have a hard time savings. In fact, one in three Americans have nothing saved for retirement while 62 percent have less than $1,000 in a savings account. For Tennessee residents who are having trouble with their finances, it may be a good idea to visit with a credit counselor. One warning sign that it may be time to talk with such a person is if monthly expenses exceed monthly income.

Nashville Office
618 Church Street, Suite 410
Nashville, TN 37219

Phone: 615-686-2279
Fax: 615-255-4516
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Cookeville Office
312 East Broad Street, Suite A
Cookeville, TN 38501

Phone: 615-686-2279
Fax: 931-526-6244
Cookeville Law Office Map