Lefkovitz & Lefkovitz
Nashville Office 615-686-2279 Cookeville Office 931-400-2218
Serving all of Middle Tennessee's Bankruptcy Needs

chapter 7 Archives

Creditor alleges it did not receive bankruptcy notice

When Tennessee consumers file for Chapter 7 bankruptcy, all of their nonexempt assets are liquidated to pay off creditors. At the outset of the process, the creditors receive a notice about the filing. If a creditor does not respond, the debt owed to the creditor is automatically discharged.

Administration introduces student debt forgiveness measures

College students in Tennessee and around the country who have been defrauded by their schools may find it easier to have their debt forgiven and pursue legal remedies under education reforms scheduled to be introduced by the Obama administration in June 2016. The measures, which were drafted by the Department of Education, also aim to prevent colleges that accept federal student loans from compelling students to agree to arbitration agreements. The reforms are primarily aimed at curbing the oft-criticized activities of for-profit schools.

Discouraging myths about Chapter 7 debt relief

An option available to Nashville debtors unable to get their bills under control is often overlooked due to persistent myths. These myths can be detrimental by delaying debt relief for consumers and denying them the consumer protections available under bankruptcy law. Tennessee residents suffering from persistent debt, creditor harassment and the threat of losing personal property to repossession will want to consider all the options without prejudice.

A Chapter 7 bankruptcy trustee may liquidate assets

Residents of Tennessee who find that they require a fresh financial start may consider filing for Chapter 7 bankruptcy. A successful Chapter 7 results in the court discharging a debtor's financial responsibility to pay back his or her unsecured debt. Often, the debtor may end up paying back very little of the debts he or she incurred. In fact, some debts may not need to be repaid at all.

Supreme Court overturns bankruptcy court ruling

Tennessee businessmen know that a company may declare bankruptcy if it continues to experience losses and take on debt. The Supreme Court recently ruled that a fraud may lead to a dismissal of discharge of personal debt, even when it involves asset transfers that don't create a false representation to a creditor.

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Nashville Office
618 Church Street, Suite 410
Nashville, TN 37219

Phone: 615-686-2279
Fax: 615-255-4516
Nashville Law Office Map

Cookeville Office
312 East Broad Street, Suite A
Cookeville, TN 38501

Phone: 931-400-2218
Fax: 931-526-6244
Cookeville Law Office Map

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