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October 2019 Archives

What is a debt discharge?

The debt discharge is a tremendously important part of the bankruptcy process which is why it is essential for those filing for bankruptcy to understand. Filing parties should ensure all of their questions about the bankruptcy process and debt discharge are answered.

How bankruptcy can help struggling consumers

Bankruptcy is a process that helps consumers who have overwhelming debt enjoy debt relief. Bankruptcy laws and bankruptcy courts throughout the country, including in Tennessee, walk filing parties through the bankruptcy process. The personal bankruptcy process can give filing parties the chance at a fresh financial start.

What Chapter 11 bankruptcy can do for struggling businesses

Chapter 11 bankruptcy is an important legal protection any struggling business wondering what they will do and considering bankruptcy should be familiar with. It can help a struggling business remain in business and keep their doors open while they reorganize their debt and seek debt relief and a return to profitability.

What is the automatic stay during bankruptcy?

The automatic stay during bankruptcy is important for struggling consumers and filing parties to be aware of because of how much it can help them. Personal bankruptcy protections are not only able to provide relief from debt but can also provide relief from creditors. Once the filing party has filed for personal bankruptcy protection, an automatic stay goes into effect that prevents further creditor collection actions during the bankruptcy process.