Lefkovitz & Lefkovitz
Nashville Office
615-686-2279
Cookeville Office
931-400-2218
Serving all of Middle Tennessee's Bankruptcy Needs
We help individuals and businesses find the right solution to their money problems.

Posts tagged "Personal Bankruptcy"

Is it possible to recover from massive medical debt?

If you or someone in your family has spent time being treated at a hospital recently, you know how expensive medical care is. Whether someone suffers a serious injury from a car accident, faces a cancer diagnosis or experiences a heart attack, the costs mount quickly, almost instantly becoming overwhelming.

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.

5 reasons you shouldn't wait to file bankruptcy

Unfortunately, many people wait far too long to file for bankruptcy protection. In fact, many will first try any other option available before even considering bankruptcy as a solution to their financial problems. They cash out their retirement accounts, refinance their homes and even borrow money from friends and family just to keep afloat - mistakes that can prove costly down the road.

Southern states ― particularly Tennessee ― have some of the highest bankruptcy rates

According to a recent review of federal bankruptcy data conducted by NerdWallet - a financial information organization - six out of the 10 states with the highest personal bankruptcy rates can be found in the South. Topping the list with 553 bankruptcy filings per 100,000 residents is Tennessee.

If I file for bankruptcy, will I lose my home?

Many people fear that they will lose everything they own once they decide to file for bankruptcy. However, this belief is simply not true, especially in Tennessee. In fact, many people who file Chapter 7 bankruptcy are able to keep a great many of their assets, while at the same time eliminating significant amounts of debt.

Try debt management before bankruptcy

There may come a time when you believe that bankruptcy is the only way to escape your financial troubles. While this could be the answer you have been searching for, it is important to realize that you have other options. For example, debt management may be the right strategy for you at the present time.

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

Phone: 931-400-2218
Fax: 615-255-4516
Nashville Law Office Map

Cookeville Office
312 East Broad Street, Suite A
Cookeville, TN 38501

Phone: 931-400-2218
Fax: 931-526-6244
Cookeville Law Office Map