When you are considering personal bankruptcy in Tennessee, it is important to learn about bankruptcy exemptions, and how they will be applied. Bankruptcy exemptions are applicable in different bankruptcy proceedings including Chapter 7, Chapter 11, and Chapter 13...
Nashville, Tennessee, Bankruptcy Law Blog
Chapter 7 Versus Chapter 13 Bankruptcy: Important Differences to Know
Debtors who are considering the possibility of Chapter 7 or Chapter 13 bankruptcy often want to understand their options. For example, is it possible to choose between a liquidation or reorganization bankruptcy if you are a consumer or individual (as opposed to a...
Student Loans and Bankruptcy: Key Updates in 2022
If you are an individual with significant student loan debt in addition to other types of debt, you might be considering the possibility of bankruptcy but wondering if you could be eligible to have your student loans discharged. There are many myths and misconceptions...
Bankruptcy for Business Owners: Five Things to Know
Filing for bankruptcy as a business owner can be extremely complicated, and it is important to understand how the complexities of U.S. bankruptcy law are likely to affect your case. There is a lot of important information for business owners to know about bankruptcy,...
3 myths about bankruptcy and your credit score
Nearly countless factors can negatively influence an individual’s or family’s finances. From divorce and job loss to medical emergency and home repair catastrophe, for some, financial peril always seems to be right around the corner. Unfortunately, many people avoid...
Debt collectors have new methods in 2021
There were record job losses and an economic decline this year. Millions of Americans now have debt in collections. Beginning in 2021, debt collectors will have more ways to contact consumers. However, it’s important to note that consumers still have rights against...
Will I lose my house if I file for Chapter 7 bankruptcy?
If the amount you owe to creditors is overwhelming, you can file for Chapter 7 bankruptcy to discharge most of your debts. In this type of bankruptcy, a person needs to sell some property, like their house or car, to repay their debts. However, if you decide to file,...
What’s an automatic stay?
If you have debts, you may know how stressful it can be when creditors and bill collectors pursue you. The more debts you have, the more creditors will be knocking on your door, which is an overwhelming problem. However, you can stop their collection efforts with the...
How does Chapter 7 bankruptcy work?
Filing for bankruptcy is a major decision that can considerably help a trustee’s financial hardships. Despite the benefits that Chapter 7 bankruptcy offers, people who are unaware of how the bankruptcy option works often avoid this as a consideration entirely. Last...
Rebuilding your credit after bankruptcy
Many people avoid filing bankruptcy because they are worried about its negative impact on their future. Fortunately for those struggling with overwhelming debt, the Bankruptcy Code exists to help build a stable financial future. After filing, though, many people might...