Filing for bankruptcy is nothing to feel ashamed of as an individual or business owner. In fact, it is a very common occurrence in Tennessee. According to the Memphis Business Journal, Tennessee has more than double the national bankruptcy rate, at 5.17...
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Bankruptcy
The differences between different types of personal bankruptcy
There are two primary types of bankruptcy protection that fall under the umbrella of personal bankruptcy protection. Both provide an opportunity for debt relief and can help the filing party pursue greater financial freedom so those considering personal bankruptcy...
Bankruptcies down but Tennessee remains number two
Bankruptcy protections can protect consumers and businesses alike, which is why it pays to be familiar with bankruptcy options. According to the American bankruptcy institute, commercial bankruptcies increased last month while personal bankruptcies declined. Total...
Bankruptcy may be able to help prevent or stop wage garnishment
Bankruptcy can help with a variety of concerns struggling consumers may have including. One of those concerns is wage garnishment which, in addition to being stressful, can make it more difficult for struggling consumers to repay their debts as they work towards...
What is the difference between exempt and non-exempt property?
If you have considered filing for Chapter 7 bankruptcy, you may have heard about bankruptcy exemptions and wondered what they refer to. Bankruptcy exemptions are a way of protecting property during the Chapter 7 bankruptcy process and allowing the filing party to keep...
Bankruptcy protections for older Tennesseans
This blog recently discussed the increasing need seniors may have for bankruptcy protections and options to help them with the different types of debt they may be facing. It might be helpful to take a closer look at how this trend is impacting older Tennesseans and...
When can creditors lodge an objection to a bankruptcy discharge?
Whether it is a Chapter 7 bankruptcy or a Chapter 13 bankruptcy, Tennessee debtors who are moving forward with the process should be aware of certain issues that could arise. One issue is the discharge and whether creditors can lodge an objection to it before it is...
Bank of America owes debtor for harassment after bankruptcy
Bankruptcy puts an immediate stop to any collection actions by creditors or third-party collection agencies. This means after any debtor files Chapter 7 or Chapter 13 bankruptcy, creditors must stop all harassing phone calls, letters, e-mails and any legal...