If your business is struggling financially, filing for Chapter 11 bankruptcy may be your best option. When considering bankruptcy, there are three steps you should avoid: undefined 1.) Getting further into debt. Do not take on new debt or further your existing debt....
Nashville, Tennessee, Bankruptcy Law Blog
Bankruptcy and Divorce: What you need to know
Often divorce and bankruptcy are intertwined. Nearly 22% of marriages that ended in divorce, reported that money issues were the main reason for their divorce. If you and your spouse are struggling financially and are considering both bankruptcy and divorce, you may...
Can student loan debt forgiveness really happen?
Some lawmakers have proposed bills canceling all student debt across the United States but is that really possible? It is estimated that combined student loan debt throughout the nation is $1.6 trillion. In addition to this debt forgiveness, one bill proposes free...
Three companies that prospered after bankruptcy
Bankruptcy does not have to be the end of the road for your business. In fact, your company may benefit from filing for Chapter 11 bankruptcy. If your company is facing financial challenges and is in danger of going out of business, filing Chapter 11 bankruptcy may be...
Debt relief for former Tennessee ITT Tech students
ITT Technical Institute closed all locations and filed for bankruptcy in 2016, leaving students with thousands of dollars in debt. ITT Tech was a for-profit institution that operated for nearly 50 years and had campuses around the country, including locations in...
Most bankruptcies linked to medical bills
Many people in Tennessee are struggling to make ends meet and falling behind on their bills. There are a number of issues that can contribute to financial troubles, from excessive credit card debts to sudden job loss. However, the most common single cause of personal...
Millennials are buried in credit card debt
Young people in Tennessee need to be careful with credit cards. When they take on credit card debt, it can be difficult for them to get out of debt because of the high rates of interest that card issuers charge. According to a report by CNBC, millennials have long...
Bankruptcy collections
When people living in Tennessee file for bankruptcy, they typically do so with the understanding that the automatic stay of bankruptcy, and eventual discharge of debts, will stop creditor harassment. Unfortunately, there have been cases in which a creditor has decided...
Cancer patients may look to bankruptcy for relief
When a Tennessee resident is diagnosed with cancer, it's important to concentrate on overcoming the disease. However, a patient may also find that financial worries continue to haunt them throughout the treatment process. Indeed, there are good reasons for these...
Bankruptcy could discharge debts from lawsuit judgments
Some bankruptcy cases in Tennessee involve court-issued judgments that obligate defendants to pay debts resulting from lawsuits. Because federal law governs bankruptcy, the judgments issued by state courts will not automatically avoid discharge within a bankruptcy. A...

