It can be difficult to decide for or against a Chapter 7 bankruptcy filing. There is a lot that goes into this decision, and you don't want to make the wrong choice as it could negatively impact you and your finances for many years to come. If you are considering...
Year: 2015
Chapter 13 bankruptcy can do a lot for you
It does not make sense to file for Chapter 13 bankruptcy if you don't understand what this can do for your financial situation. Before you do anything, make sure you are familiar with the finer details of the process, including the benefits. With Chapter 13...
Answer common bankruptcy questions before filing
As you consider a bankruptcy filing, you will realize that there are pros and cons of moving forward with the process. You cannot move forward with a clear mind until you know the finer details of bankruptcy, including how it will impact you now and in the future. As...
Chapter 11 bankruptcy keeps laundry doors open
In a recent blog post, we discussed how Chapter 11 bankruptcy can help businesses or individuals restructure debts to create a more viable future. For businesses, Chapter 11 bankruptcy is often a beginning instead of an ending, and restructuring can mean the business...
What do you know about Chapter 11 bankruptcy?
When it comes to bankruptcy, most people are familiar with Chapter 7 and Chapter 13. While these are the most common choices for individuals, Chapter 11 bankruptcy often comes into play when a business needs to reorganize due to a large amount of debt. It is not...
The biggest benefits of Chapter 13 bankruptcy
If you are interested in filing for personal bankruptcy, you will have a big question to answer early on: Is Chapter 7 or Chapter 13 bankruptcy the best option? While many people immediately gravitate toward Chapter 7, due to the fact that they can discharge most...
Understanding the Chapter 7 means test
If you are interested in filing for Chapter 7 bankruptcy, there are some things you need to know. Most importantly, you may not qualify for this type of bankruptcy. This is often the case if you earn too much money. With Chapter 7 bankruptcy, the means test comes into...
Bankruptcy and wage garnishment: Getting the help you need
If you slip too far behind on your bills, it is only a matter of time before creditors begin to contact you. At some point, they may file a lawsuit with the idea of garnishing your wages. When this happens, you will find yourself in a more difficult position. It will...
Video: How often can you file bankruptcy?
There is no question that bankruptcy laws are complicated. Because of this it is not surprising that there are a lot of misconceptions about things related to the process, such as how often someone can file for protection under bankruptcy laws. Many believe that it is...
What debts will I still have after Chapter 7 bankruptcy?
Filing for Chapter 7 bankruptcy does not necessarily mean the end of your debts. Indeed, some debts cannot be touched by Tennessee bankruptcy proceedings. This article will discuss those debts and what you will still be responsible for paying off coming out of...