A man who is now living in Jackson, Tennessee, is fighting in court to keep from having to pay around $1.3 million for a loan that he took out for $800,000. He took that business loan out before the recession, using it to help his trucking company, but he had to...
Nashville, Tennessee, Bankruptcy Law Blog
Why should you choose Chapter 13 bankruptcy?
You may be trying to debate between Chapter 13 and Chapter 7 bankruptcy in Tennessee. While both have a lot to offer you, below are a few reasons why you may want to use Chapter 13, as it could be the best in your situation. Please note that all situations are...
Can you get rid of student loans with Chapter 7?
Are you facing a lot of student loan debt in Tennessee? Many students are, and you may be looking for a way out. Chapter 7 bankruptcy is a type of bankruptcy also known as liquidation that erases debt after assets are sold. So, can you use this to get rid of your...
Seeing bankruptcy as a fresh start, not a bad ending
Companies of every kind depend on healthy finances to stay afloat. A product or service can be strong and customer service can be of the highest quality, but if a company is spending more than it is taking in, there may be no way to recover and stay open. However,...
You don’t have to deal with debt alone
Being in debt can take over your life. Every day, you can struggle with unwanted calls from creditors, notices of late bills and a bank account that just never seems to have enough money in it. On top of all this, you can also be dealing with life events like a...
How is debt repaid in Chapter 13 bankruptcy?
Filing for bankruptcy protection is not typically something people do on a whim. Making this decision requires thoughtful consideration, research and a thorough understanding of the types of debt under which a person is buried. There are several different options for...
What you will need to have if you file for Chapter 7 bankruptcy
Filing for bankruptcy protection can be a very big decision and it is one that should not be made lightly. Bankruptcy is a very effective -- but still very aggressive -- way to handle unmanageable debt and it will have a long-term impact on your financial goals....
Dealing with divorce? You may also be dealing with debt
Money and financial stability can have an enormous impact on the health of a marital relationship. When things are going well and two people are on the same page about their finances, they may have no trouble getting along. However, when times are tough or if people...
Bankruptcy a big issue for professional football players
Football fans across the U.S. look up to the professional athletes we watch every week during football season. However, people need to remember that, besides their superior athletic skills, many players are just like everyone else. They can face the same challenges...
Struggling businesses may be eligible for Chapter 11 bankruptcy
Owning or running a business can be an extraordinarily complicated undertaking. Decisions that need to be made are often difficult and can affect dozens, hundreds or even thousands of people so it is important to make these decisions thoughtfully and only when fully...

