Lefkovitz & Lefkovitz
Nashville Office
615-686-2279
Cookeville Office
931-400-2218
Serving all of Middle Tennessee's Bankruptcy Needs
We help individuals and businesses find the right solution to their money problems.

September 2017 Archives

Buying or renting a home after Chapter 13

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 $1,184,200. While it may be more difficult to rent or buy a home after a bankruptcy, it is still possible to do so.

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 without liquidating assets or shutting down.

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 agreed to wipe clear medical debt collections that insurers eventually paid. The settlement also establishes that credit bureaus will wait 180 days before placing unpaid medical bills on people's credit reports.

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 of case a person chooses to pursue. Those who wish to appeal a decision made by a bankruptcy court may have to pay nearly $300 to do so.

Nashville Office
618 Church Street, Suite 410
Nashville, TN 37219

Phone: 931-400-2218
Fax: 615-255-4516
Nashville Law Office Map

Cookeville Office
312 East Broad Street, Suite A
Cookeville, TN 38501

Phone: 931-400-2218
Fax: 931-526-6244
Cookeville Law Office Map