Nearly countless factors can negatively influence an individual’s or family’s finances. From divorce and job loss to medical emergency and home repair catastrophe, for some, financial peril always seems to be right around the corner. Unfortunately, many people avoid...
Year: 2021
Debt collectors have new methods in 2021
There were record job losses and an economic decline this year. Millions of Americans now have debt in collections. Beginning in 2021, debt collectors will have more ways to contact consumers. However, it’s important to note that consumers still have rights against...
Will I lose my house if I file for Chapter 7 bankruptcy?
If the amount you owe to creditors is overwhelming, you can file for Chapter 7 bankruptcy to discharge most of your debts. In this type of bankruptcy, a person needs to sell some property, like their house or car, to repay their debts. However, if you decide to file,...
What’s an automatic stay?
If you have debts, you may know how stressful it can be when creditors and bill collectors pursue you. The more debts you have, the more creditors will be knocking on your door, which is an overwhelming problem. However, you can stop their collection efforts with the...
How does Chapter 7 bankruptcy work?
Filing for bankruptcy is a major decision that can considerably help a trustee’s financial hardships. Despite the benefits that Chapter 7 bankruptcy offers, people who are unaware of how the bankruptcy option works often avoid this as a consideration entirely. Last...
Rebuilding your credit after bankruptcy
Many people avoid filing bankruptcy because they are worried about its negative impact on their future. Fortunately for those struggling with overwhelming debt, the Bankruptcy Code exists to help build a stable financial future. After filing, though, many people might...
Which bankruptcy option is right for you?
Most Nashville families that are struggling with debt and are thinking about filing for bankruptcy have two options: Chapter 7 bankruptcy and Chapter 13 bankruptcy. Both forms of personal bankruptcy protection help you pay off your debts and regain control over your...
Can I end Chapter 13 bankruptcy early?
As we have discussed before in this blog, Chapter 13 bankruptcy protection is one of the most popular forms of personal bankruptcy in the country. It is available for people struggling with debt who also have a regular income and debts below certain totals. Chapter 13...
How can filing for bankruptcy help your business?
Filing for bankruptcy in Tennessee doesn't have to mean the end of your business. In fact, filing for bankruptcy could actually help you eliminate debts and make your business profitable again. You could buy yourself some time to get your finances in order and figure...