People sometimes think that declaring bankruptcy in Tennessee means losing everything. In actuality, it can be a way to save some of your larger assets, such as your car or your home. The thing is, a bankruptcy filing puts a stay on other legal proceedings. If your...
Nashville, Tennessee, Bankruptcy Law Blog
Bankruptcy can strike despite your best intentions
You may have worked hard your whole life to deal with your finances the right way, to avoid a low credit score and debt you couldn't afford. That doesn't mean you won't ever face bankruptcy. One young woman found out the hard way. She had graduated from college and...
Video: Bankruptcy is a cure, not an illness. Don’t be afraid of it.
Financial problems are a lot like health issues. Symptoms might slowly appear over time. You may find yourself prioritizing which bills to pay or dipping into your savings until it is gone. Alternatively, you might suffer a serious and unexpected setback. Maybe you...
Miller Energy seems very close to bankruptcy
Though the company's executives say they are fighting to avoid it, it's impossible not to feel like Miller Energy is getting very close to bankruptcy. Revenue has not been able to keep up with debt, and the company has had a serious problem generating enough funds. In...
Video: What debts can I discharge in bankruptcy?
If you are overwhelmed by debt and are thinking about filing for bankruptcy, you may be wondering which, if any, of your debts can be discharged. The good news is that most debts, including medical bills and credit card debt, can be wiped clean by Chapter 7...
What debts will Chapter 13 not get rid of?
When filing for Chapter 13 bankruptcy, it's just as important to know what types of debt you cannot get rid of in Tennessee as it is to know what debt it can eliminate through a discharge and restructuring. A few of the things that Chapter 13 will not touch are as...
How long will a Chapter 7 bankruptcy filing take?
Every case is different, and so that means there is no set amount of time that it takes to file for Chapter 7 bankruptcy in Tennessee. However, there are some key averages and things you can expect if you're going to file, and your case should roughly fall into these...
Understanding fraud when filing for bankruptcy
If you are on the verge of filing for bankruptcy in Nashville, you must know what you can and cannot do, legally speaking, while you file. If you do things that are not permitted by law, you could be accused of fraud and even investigated by the FBI. For example, take...
4 things to think about before bankruptcy
If you're thinking about declaring bankruptcy in Nashville, there are a few key things that you must think about before you do it. Take the time to consider each of the following points carefully so that you can decide what the best option is in your case. At the same...
Things that make you ineligible for Chapter 7
Many people in Tennessee are eligible for Chapter 7 bankruptcy if they'd like to use it, but there are a few things that could make you or your debt ineligible. It's important to note what these things are so that you know if you can file or not. First, you would be...

