Many people think of bankruptcy as a form of nuclear warfare against debt, to be avoided at all costs, but it can offer quite a few benefits. When you file for bankruptcy protection, you will have an automatic stay that protects you from future collection activities....
Nashville, Tennessee, Bankruptcy Law Blog
The link between medical coverage and bankruptcy
Losing medical care on even a temporary basis can double a person's risk of declaring bankruptcy. This is according to a study published by the American Bankruptcy Institute that looked at data available through the Bureau of Labor Statistics (BLS). The study found...
Why you shouldn’t always fear bankruptcy
Most people are terrified of the prospect of bankruptcy. Between the possibility of reputation damage and long-term financial ruin, many people are extremely reluctant to even contact a lawyer, much less pursue the actual possibility of filing for bankruptcy. However,...
Do not become a sub-prime auto loan statistic
You want a car. In fact, you probably need one. But, like most people in our country right now, you can’t afford one and you are having difficulty obtaining credit to get the car you need. You are not alone. This is a common scenario for many would-be car...
Pick up the pieces after bankruptcy: It is possible
For many people facing serious financial challenges, the thought of bankruptcy is bleak: They think they will never again be able to obtain credit, they will never get into a decent home or have any kind of normal life. It is true that you will have to liquidate some...
Gaps in healthcare legislation
As Tennessee, and most states for that matter, seek to improve the health care and insurance costs for its citizens, there are considerable dangers involved. One of the most common dangers can be seen in Texas – an effort to improve the healthcare costs...
Survey finds fewer Americans paying credit cards in full
The Credit Card Confidence Index from CompareCards.com has provided some new insight into how Tennessee residents and others are managing their credit card balances. According to the survey, only 30% of respondents said that they were able to pay their credit card...
Seniors and debt: bankruptcy during retirement
In Tennessee and across the United States, many senior citizens do not retire in style. Instead, retired seniors often live on low Social Security incomes or Social Security disability payments. Some seniors cannot afford to buy groceries unless they have food stamps....
How to incur new debt during a Chapter 13 case
Tennessee residents and others who have filed for Chapter 13 bankruptcy may be allowed to incur new debt while their cases are ongoing. However, debtors must get a court's permission to do so. Failure to do so could result in a case being thrown out and the vehicle...
How leases are treated in Chapter 11 cases
If a person leases land in Tennessee or anywhere else, it may be possible to retain an unexpired lease after filing for Chapter 11 bankruptcy. However, there must be an explicit acceptance of that lease, and the bankruptcy court must then approve of the decision to...

