When deeply in debt, some Tennessee residents may try to avoid bankruptcy by consolidating their bills via another method. Debt consolidation loans are a common method, as are assets like retirements accounts or home equity lines of credit. These strategies may save...
Month: July 2017
How retirement plans are treated in personal bankruptcy cases
Tennessee residents who are struggling with overwhelming bills may pursue debt relief by filing Chapter 7 or Chapter 13 bankruptcy petitions. While these individuals may be most concerned with their immediate financial situations and making ends meet, they should also...
Question over liquidating property under Ch. 7 bankruptcy
When filing for Chapter 7 bankruptcy, a trustee oversees the liquidation of non-exempt assets to pay back creditors of an individual or married couple. Tennessee residents might like to know about a case where a person owned two homes. In that case, a trustee wondered...
Problematic debt: 5 signs that Chapter 7 could improve your life
A serious debt problem can affect every area of your life. You may be consumed with anxiety about bills you can't pay. You may feel hopeless and come across as angry and irritable with your spouse, children or other family members. You may be exhausted and unable to...
Four things you’ll be happy about after a Chapter 7 bankruptcy
It's a horrible thing to be buried in debt. Emotionally, you may move between powerlessness, hopelessness, anger, resentment, panic and a host of other miserable states. If you feel stuck in major debt because of a divorce, a job loss, a medical event, a business...
Secured creditors must file proofs of claim before deadline
Tennessee residents who believe bankruptcy is the option that best suits them may be interested to know that according to a bankruptcy court ruling, secured creditors are not allowed to file proofs of claim late. Generally, only unsecured creditors are required to...
Recent white paper analyzes bankruptcy for business owners
Owners of small businesses who face financial challenges have tough decisions to make. Do you try to negotiate with creditors to keep the business going? Or does it make sense to file bankruptcy - and if so, what type? A few months ago, we published a white paper...