Bankruptcy

In Tennessee and all other states, before a person can file for bankruptcy, he or she must agree to obtain credit counseling to determine if filing a bankruptcy application is the most viable option in his or her circumstances. The U.S. government requires bankruptcy...

In Tennessee and elsewhere, most people experience financial problems at some point in life. When someone’s finances get out of hand, and there does not appear to be a way to get things back on track without tapping into additional debt relief resources, it is a good...

With the economic downturn happening now in 2020, it makes sense to be asking how your bankruptcy could negatively affect the economy. You may worry that not paying your bills is harming another business or individual or could cause a kind of chain reaction.The good...

There are many unpleasant consequences that come with owing a significant amount of debt. One of these includes the efforts of debt collectors and creditors to secure payment from the consumer. This typically starts with phone calls and letters in the mail, but it can...

Bankruptcies are sometimes seen as a last resort and something that people try to avoid at all costs. They are almost seen like an evil in this society, even though bankruptcy laws are a helpful protection for both consumers and businesses. They're actually very...

Deciding to file bankruptcy is a serious decision. A bankruptcy can remain on your credit report for seven to 10 years. It may be more challenging to get new credit such as credit cards, mortgages and personal loans during that time. If you can secure credit, like an...

Homeowners in Tennessee might be allowed to refinance their mortgages after emerging from Chapter 7 or 13 bankruptcy. This assumes that those who file for Chapter 7 bankruptcy are allowed to keep their home during the liquidation process. The type of bankruptcy that a...

Polls reveal that health care is the issue that voters in Tennessee and around the country care about the most, so it is not surprising that the cost of medical treatment in the United States was discussed at length during the Jan. 14 Democratic presidential debate....

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...

In a recent episode of a popular television show, a wealthy couple has to file for bankruptcy and faces the loss of their home, car and even the wife's wedding ring. The question comes up for parties considering personal bankruptcy protection for debt relief how their...