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...
Nashville, Tennessee, Bankruptcy Law Blog
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...
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...
Debt collectors soon will be able to find you on social media
Debt collection agencies will soon have more access to consumers, thanks to a new rule passed by the Consumer Financial Protection Bureau (CFPB). Coming at a time of historic unemployment and millions of Americans facing financial difficulty, the rule could have a...
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...
Signs that your financial health may benefit from bankruptcy
Many people are frightened of bankruptcy, which is unfortunate. People aren't afraid because bankruptcy is evil. In fact, filing for bankruptcy can be a financial savior for individuals. Some people are worried because myths and the evils of bankruptcy have been...