Tennessee residents who file for Chapter 13 bankruptcy may know that doing so will impact their credit for a significant period of time. This type of protection from creditors is available to anyone with unsecured debts of $394,725 and secured debts of less than...
Month: September 2017
Bankruptcy isn’t shutting down Toys ‘R’ Us
Toys 'R' Us stores in Tennessee and across the country will remain open even though the company is filing for bankruptcy. The struggling company has filed under Chapter 11, a type of bankruptcy designed to help a business handle and improve its financial situation...
Limited relief coming to people with medical debts
Reforms to credit reporting methods might help some consumers in Tennessee. Their medical debts that went to collections when insurance companies took too long to pay could be removed. As part of a settlement with state attorneys general, three major credit bureaus...
Fees and other charges related to a bankruptcy filing
There are many fees that a Tennessee consumer may have to pay when filing for bankruptcy. For instance, it may cost $1,250 to hire an attorney, and that money often needs to be paid in advance. The filing fee itself can range from $275 to $335 depending on what type...