Chapter 13

A series of bankruptcy court decisions could signal an impending shift in the way Tennessee courts treat residential mortgages. In a number of cases, Ohio bankruptcy judges greatly expanded a debtor's ability to "cram down" a mortgage on their primary residence. This...

A survey by the Kaiser Family Foundation found that approximately 33 percent of people around the country have trouble paying their medical bills. Tennessee patients who have used a medical credit card to pay for these expenses may not be fully aware of the...

Many people find themselves behind on their mortgage payments because of an unforeseen event like a job loss, a business problem, an expensive medical event or a divorce. Some consumers consider a Chapter 13 bankruptcy filing to stop the foreclosure process and save...

Many Tennessee consumers struggle with multiple types of debt, including credit card bills, student loans, medical bills and unpaid taxes. According to one report that compared how different generations were managing their debt, members of Generation X are struggling...

Many Tennessee consumers are overwhelmed by their debts and believe that they will never be able to pay them off. However, some of them who have substantial levels of debt have several options to try to repay them and to improve their credit scores. If people have...

Some people in Tennessee may not realize that there are errors on their credit reports until they attempt to get a loan or a job. They could be denied the loan or even a job because of errors that are not their fault. One study found that there were more 120 million...

Creditors in Tennessee may need to make themselves aware of changes to existing bankruptcy laws. These changes may impact those who have secured claims, unsecured claims or lien judgments in a Chapter 13 case. One important change relates to filing a proof of claim....

Debtors in Tennessee who are considering filing for bankruptcy may be interested to learn the changes that have been made to the federal rules of bankruptcy procedure. The changes, which became effective on December 1, 2017, also include a new plan form for Chapter 13...

For Tennessee residents who are struggling with credit card debt, a hike in interest rates can make paying that debt off even more difficult. However, there are strategies they can use to reduce interest rates. One method is a balance transfer. Many credit cards will...

Bankruptcy is a reality for many Tennessee residents struggling with debt. Sometimes, it is the only way out of a bad financial situation. Many people who have filed for bankruptcy wonder how long they will have to wait before they are able to buy a home. The answer...