When deciding to file bankruptcy, the automatic stay is one of the most powerful tools for a debtor. The automatic stay is as an injunction order that immediately stops a number of debt collection actions against you and your property, such as civil lawsuits, a wage...
Personal Bankruptcy
What are Bankruptcy Exemptions and How are They Used?
When you are considering personal bankruptcy in Tennessee, it is important to learn about bankruptcy exemptions, and how they will be applied. Bankruptcy exemptions are applicable in different bankruptcy proceedings including Chapter 7, Chapter 11, and Chapter 13...
3 myths about bankruptcy and your credit score
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...
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...
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...
Is bankruptcy in your future?
As soon as you start considering bankruptcy, the adage goes, you probably should have filed six months ago. People are so invested in the idea of resolving trouble on their own or fighting through personal challenges, that they often take too long to fully grasp their...
You remain responsible for certain debts after a bankruptcy
Surrounded by debt and anxiety, you try to maintain your lifestyle through a healthy use of credit cards. You rely on it to pay your medical bills, your weekly shopping trips to Walmart and major home repairs and restaurant meals. But you know that this house of cards...
Can you cure crippling medical debt?
Being sick in the U.S. can get expensive. It could cost you everything. With bills piling up across the country, you wouldn’t be alone by turning to bankruptcy for answers. Americans are paying twice the price for healthcare than just three decades ago. The main...