Chapter 13

The primary reason people in Tennessee and the rest of the nation file for personal bankruptcy is medical debt. People who are at least 65 years of age or older account for 8 percent of the bankruptcy filers. This figure represents a 1 percent increase from 2008. One...

Many Tennessee residents understand the importance of saving for retirement. One of the most popular ways to do that, having a 401(k) retirement plan, was recently the subject of a decision rendered by a U.S. bankruptcy judge. The ruling allows people who are in...

Tennessee residents might be interested in some good news about America's financial situation. According to the Administrative Office of the U.S. Courts, bankruptcy filings have hit a 10-year low. The rate of bankruptcy filings has been on a downward trend in recent...

To qualify for Chapter 13 bankruptcy, a Tennessee resident needs to have secured debts of equal to or less than $1,149,525. Furthermore, that person or anyone else in America with unsecured debts of greater than $383,175 cannot file for Chapter 13 bankruptcy. These...

For people in Tennessee facing crushing debt and other serious financial problems, bankruptcy can be a way to get a fresh start. However, there is an upper limit on the amount of debt that an individual can have to qualify for Chapter 13 bankruptcy. People who have...

Tennessee residents who struggle to pay off their financial obligations often consider seeking relief through certain debt management programs as an alternative to bankruptcy. One option is that of debt consolidation, in which the debtor either obtains a low-interest...

An individual or business entity may opt to file for bankruptcy as a way to handle an issue related to debt or other financial difficulties. One of the most important things to know about bankruptcy is that there are different options available. For instance,...

Typically, Tennessee residents would need to contend with a Chapter 13 bankruptcy on their credit report for seven years. However, in the past, those who had an Equifax credit report may have had to deal with that bankruptcy for 10 years. This may have been true for...

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...

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...