Nashville, Tennessee, Bankruptcy Law Blog
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...
The potential aftermath of a Chapter 7 case
Filing for Chapter 7 bankruptcy may help Tennessee residents and others eliminate some or all of their debts. However, some debts such as payroll taxes owed or back child support cannot be eliminated in a Chapter 7 filing. It is also unlikely that student loan debts...
December gifts turn into January debt
Tennessee residents who went into debt this holiday season were not alone. According to the National Retail Federation, Americans spent an average of over $1,000 each to buy gifts for their friends and family this year. That amount of money isn't in most people's bank...
Answer these questions before filing for business bankruptcy
Your business is bogged down by debt, you're unable to stay current with your obligations and your employees are beginning to worry about what the future will bring. While this isn't a situation you want to be in, it's something that many business owners have dealt...
Student loans often aren’t discharged in bankruptcy
Americans owe a total of $1.59 trillion in student loan debt. However, many Tennessee residents and others who carry student loan balances won't be able to discharge them in bankruptcy. For some, it is because they don't qualify to file for Chapter 7 bankruptcy....
What debtors can expect from debt collectors
It isn't uncommon for individuals in Tennessee and other states to carry credit card or other types of debt. If a debtor is unable to stay current on a balance, it may be sent to a collections company, and debt collection companies may use a variety of tactics in an...
