One of the most common concerns consumers have regarding bankruptcy is how this decision will affect their daily lives. Even the most financially overwhelmed consumers who would benefit from bankruptcy may be hesitant to take this step because they assume they could...
Cleveland Tennessee Bankruptcy Law Blog
Bed Bath & Beyond filed for bankruptcy
Many Tennessee consumers flock to retail icon Bed Bath & Beyond whenever they need linens, bath towels or other household wares. The popular department store has been no stranger to financial crisis, however, which many of its competitors have also encountered in...
Child support can be part of a Chapter 13 bankruptcy plan
There are a little more than three divorces per every 1,000 Tennessee residents. Financial issues are often a central focus of such proceedings, especially in cases where children are involved. Divorce can sometimes cause insurmountable debt. Other life issues may...
Tennessee consumers can use bankruptcy to resolve debt
Many households in Tennessee have been hit by financial challenges in recent years. While some families have been able to obtain enough additional income to cover their debt, others are teetering on the edge of financial ruin. Filing for Chapter 7 or Chapter 13...
Is it possible to repair credit after debt and bankruptcy?
There are many consequences associated with owing a significant amount of debt. In addition to the phone calls you may receive from debt collectors and creditors, you may find that falling behind on your payments could also result in threats of foreclosure, creditor...
Diamond Sports Group has filed Chapter 11 bankruptcy
Sports fans in Tennessee and beyond are likely familiar with Diamond Sports Group (DSG). The company is the largest sports network owner in the country. Like many businesses, DSG has been hit with financial challenges in recent months. These challenges have made it...
What is the lookback rule in bankruptcy?
Tennessee faces the same economic difficulties that most other states have experienced in recent years. If you own a business, a home, a vehicle or any other major asset, you might be worried about losing it if a financial crisis hits. Perhaps you are already past...
Can Chapter 13 help get your finances back on track?
When a financial crisis hits hard, Tennessee homeowners or business owners may start to worry that everything they have worked so hard to achieve will be lost. Sadly, in some cases, that is a real possibility, such as if lenders decide to foreclose because of a...
Did you receive notice of a garnishment of your wages?
One of the most difficult aspects of owing a significant amount of debt is the feeling of hopelessness that comes with falling behind. You may also feel as if you will never catch up, no matter what you try to do. In addition to the stress you are already feeling, you...
Can you stop foreclosure after a notice of default?
Encountering financial problems that lead to a missed mortgage payment is not an uncommon experience for Tennessee homeowners and others throughout the United States. In fact, many people get in over their heads and find themselves missing two or three payments in a...
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