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August 2019 Archives

What does the bankruptcy trustee do during bankruptcy?

Bankruptcy trustees are an important part of the bankruptcy process which is why filing parties should ensure all their questions about the role of the bankruptcy trustee are answered. Bankruptcy trustees are involved in both the Chapter 7 and Chapter 13 bankruptcy processes, though their roles may differ depending on the type of bankruptcy protection the filing party has filed for.

Tennessee bankruptcy filings second highest in nation

Bankruptcy is an important resource for those struggling with debt to consider. Bankruptcy rates were up last month nationally and also increased 3% when compared to the same month last year. The total number of bankruptcies last month nationally was 64,283. Both personal and consumer bankruptcy rates increased. Tennessee had the second highest rate of bankruptcy filings in the country. The average bankruptcy rate per capita nationally last month was 2.5 per 10,000. The rate in Tennessee was over twice that at 5.39.

Bankruptcy can help with medical debt challenges

Medical debt can be daunting and can continue to pile up which is why it is helpful for anyone faced with medical debt to be familiar with personal bankruptcy protections. Personal bankruptcy protections can provide relief from medical debt and other types of debt and help struggling consumers move on with their lives debt free.

How Chapter 11 reorganization bankruptcy can help businesses

Chapter 11 bankruptcy is an important resource for businesses that are struggling but wish to remain in business. Chapter 11 bankruptcy is a reorganization bankruptcy option like Chapter 13 bankruptcy is a reorganization personal bankruptcy option.