In the course of a bankruptcy many of the filer's debts will be discharged. Generally the types of debts that qualify are clearly laid out. One type of debt where there is some question however, is student loan debt. While in some cases it has been discharged, it is...
Year: 2015
What is bankruptcy fraud?
It is very important that you don't commit bankruptcy fraud in Nashville, Tennessee, something that can, in certain situations, be done accidentally. Be sure you know exactly what legal steps to take and what is required of you under the law so that you don't find...
Bankruptcy may actually save your assets, like a car or a home
People sometimes think that declaring bankruptcy in Tennessee means losing everything. In actuality, it can be a way to save some of your larger assets, such as your car or your home. The thing is, a bankruptcy filing puts a stay on other legal proceedings. If your...
Video: Filing for bankruptcy and keeping your house and car
Individuals seeking to alleviate their financial issues via a bankruptcy filing may be hesitant to do so for fear of losing some of their larger assets such as their house and vehicle. Depending on your financial circumstances, in the course of a bankruptcy...
Bankruptcy can strike despite your best intentions
You may have worked hard your whole life to deal with your finances the right way, to avoid a low credit score and debt you couldn't afford. That doesn't mean you won't ever face bankruptcy. One young woman found out the hard way. She had graduated from college and...
Miller Energy seems very close to bankruptcy
Though the company's executives say they are fighting to avoid it, it's impossible not to feel like Miller Energy is getting very close to bankruptcy. Revenue has not been able to keep up with debt, and the company has had a serious problem generating enough funds. In...
Video: Bankruptcy is a cure, not an illness. Don’t be afraid of it.
Financial problems are a lot like health issues. Symptoms might slowly appear over time. You may find yourself prioritizing which bills to pay or dipping into your savings until it is gone. Alternatively, you might suffer a serious and unexpected setback. Maybe you...
Video: What debts can I discharge in bankruptcy?
If you are overwhelmed by debt and are thinking about filing for bankruptcy, you may be wondering which, if any, of your debts can be discharged. The good news is that most debts, including medical bills and credit card debt, can be wiped clean by Chapter 7...
What debts will Chapter 13 not get rid of?
When filing for Chapter 13 bankruptcy, it's just as important to know what types of debt you cannot get rid of in Tennessee as it is to know what debt it can eliminate through a discharge and restructuring. A few of the things that Chapter 13 will not touch are as...
How long will a Chapter 7 bankruptcy filing take?
Every case is different, and so that means there is no set amount of time that it takes to file for Chapter 7 bankruptcy in Tennessee. However, there are some key averages and things you can expect if you're going to file, and your case should roughly fall into these...