Month: February 2015

Chapter 13 bankruptcy: pros and cons

On Behalf of Richard Banks & Associates, P.C. | Feb 19, 2015 | Chapter 13

For Tennessee consumers, filing for bankruptcy is a difficult decision. But for those drowning in debt, it's the only option for relief. After making the choice to file, the next question is: Chapter 7 or Chapter 13? Both offer many benefits, but they do have...

What should I expect in my pre-bankruptcy counseling session?

On Behalf of Richard Banks & Associates, P.C. | Feb 13, 2015 | Personal Bankruptcy

Before filing for bankruptcy, Tennessee residents must attend counseling. This counseling is mandatory because it allows a credit counselor to assess a person's situation and see if bankruptcy is the right option. Plus, it makes sure that the person understands the...