Nashville, Tennessee, Bankruptcy Law Blog
Will I lose my car in Chapter 7 bankruptcy?
If you are looking to get out from underneath an overwhelming amount of debt, but your income prevents you from a reorganization bankruptcy, you may be looking into Chapter 7 bankruptcy. Chapter 7 is known as a liquidation bankruptcy. In liquidation, your property is...
3 Ways to start building credit after filing for bankruptcy
Bankruptcy is a big financial decision that will linger on your credit report for seven to 10 years. But while it isn’t without some financial setbacks, recovering your credit after bankruptcy is possible and can usually be accomplished in just a few years. By...
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...
