With student loan debt on the rise and families struggling with the high cost of medical care, more households may be carrying an unmanageable debt load. Some of them may want to consider filing for bankruptcy. Most individuals will file for either Chapter 7 or...
Nashville, Tennessee, Bankruptcy Law Blog
Strategies for seniors struggling with burdensome debt
Financial troubles strike people in Tennessee at all stages of life. Seniors represent a growing group of debtors overwhelmed by too many bills and insufficient retirement savings or benefits. Rising health care costs increase the pressure on older people as well. A...
Thorough preparation necessary when approaching bankruptcy court
Tennessee residents overwhelmed by their debts could face additional stress if they make incomplete disclosures when filing for bankruptcy. Court paperwork requires that people detail every creditor and amount owed. A failure to inform the court about every debt and...
Bankruptcy and you, celebrities in debt, and other big stories
Nobody is immune to financial problems. That includes superstars of stage and screen, legendary pro athletes and business icons. And it includes you. In a recent piece from BusinessInsider.com, we are reminded that many celebrities from across different fields,...
Would a bankruptcy attorney ever tell me NOT to file?
Yes. If you're struggling to get out of debt and researching bankruptcy online, you've most likely come across phrases like, "Bankruptcy isn't right for everyone." But you may wonder, understandably, whether bankruptcy attorneys will actually steer unqualified people...
Medical debts and bankruptcy cases
Concerns about medical debt continue to grow in Tennessee and across the United States. According to a study published in 2013, people who have cancer are 2.5 times more likely to declare bankruptcy. The bankruptcy system is designed to give people a fresh start, and...
Young people face significant debt
Debt continues to be a major concern for people of all generations in Tennessee and across the country. Young people ages 16 to 20, known as "Generation Z," already have a significant average debt of $4,343 according to a survey of 2,000 young adults conducted by...
New report shows 1 in 7 bankruptcy filers is retirement age
The financial pressures that can drive anyone in Tennessee to choose bankruptcy hit seniors especially hard. A new report based on data collected by the Consumer Bankruptcy Project revealed a large increase in the number of people 65 and over who have declared...
After I file for Chapter 7 or 13, how soon can I buy a house?
Many people are concerned about the impact of a Chapter 7 or Chapter 13 filing on their credit scores, which always drop low after a bankruptcy is done. A lot of those consumers worry that it will be a long time before they can get a mortgage or another major loan....
More seniors seeking debt relief in bankruptcy
An increasing number of senior citizens in Tennessee and across the country are facing financial crises up to the point of filing for bankruptcy, statistics show. More seniors than ever before are seeking personal bankruptcy, with that number doubling since 2013....

