Nashville, Tennessee, Bankruptcy Law Blog
The truth about bankruptcy and student loans
For many people, their student loans are their largest and most burdensome debt. The cost of higher education in the U.S. is more than most students and their families can afford, so they take out loans to pay their tuition and related expenses. By the time they...
How does bankruptcy affect your credit score?
If you have always been the type of person to pay off bills quickly, you value the credit rating you have built. But sudden surprises like medical debt, job loss or home repairs can leave you owing more than you can pay. As you start to default on your bills, you...
Surprising facts about Chapter 7 bankruptcy
Constant calls from creditors and increasing debt can make you feel stressed and overwhelmed. You may have thought about filing for bankruptcy but did not because you are afraid it might hurt your credit score. Trying to find a solution that best fits your financial...
How many people file for bankruptcy?
Filing for bankruptcy can be a good option for relieving crippling financial debts. When someone encounters tragic and costly experiences like a massive medical bill, bankruptcy may be their only way to recover and move forward. In 2019, more than 750,000 people...
Attorney Steven Lefkovitz prevails for client at U.S. Court of Appeals
Attorney Steven Lefkovitz of Lefkovitz & Lefkovitz in Nashville recently prevailed for his client in the U.S. Court of Appeals for the Sixth District. The case was an appeal of a bankruptcy court ruling. The case involved MarketGraphics Research Group, Inc., of...
Common reasons small businesses turn to bankruptcy
Tennessee is home to more than 600,000 small businesses, enterprises that account for 99.4% of all businesses within the state. These companies employ 1.1 million people here and help keep the economy chugging along. Sometimes these hardworking business owners hit a...
What to do if you are buried in medical debt
Even if you have high-quality, comprehensive health insurance, do not assume all your medical bills are completely covered. Depending on your situation, you could find yourself receiving one bill after the next. If your medical debt mounts, it is critical to implement...
Student loan debt discharged in bankruptcy case
Many people in Tennessee and across the country struggle with massive amounts of student loan debt. Historically, there have long been serious difficulties in discharging this debt in bankruptcy, even as the process can work effectively to handle other forms of...
Get a handle on your holiday debt now
The holiday season is behind you, but you might still have to take care of one aspect of the season – credit card bills. This can be a challenging situation, and it might even be overwhelming. Determining how to pay these off requires a plan, so you need to try...
Can you protect home equity in Tennessee Chapter 7 bankruptcy?
If you are like most people living in Tennessee, your home is probably your most valuable asset. Nothing else you own, other than a well-funded retirement account, will have a similar value to that of residential real estate. Many people spend years saving a down...
