Unfortunately, the harsh reality is that a single major accident or severe illness can put most Americans in overwhelming debt. With soaring healthcare costs in the United States, hospital stays and ongoing medical treatments can quickly deplete your hard-earned...
Chapter 13 Bankruptcy
Common misconceptions regarding Chapter 13 bankruptcy
Individuals facing overwhelming debt often see bankruptcy as a last resort, and Chapter 13 bankruptcy is one of the options available. However, several common misconceptions surround Chapter 13 bankruptcy. These misunderstandings can lead to confusion and anxiety....
When does debt discharge happen in bankruptcy cases?
During bankruptcy, debtors can seek discharge for various debts, releasing them from personal liability for specific financial obligations. Creditors also receive permanent restrictions from collecting payments for eligible debts when issued a discharge order. This...
Can you continue your small business after filing Chapter 13?
Sometimes hard work just isn’t enough to keep the lights on. If you’ve found yourself unable to pay suppliers and employees and incurring large amounts of debt with no means to pay, you may have no other option but to declare bankruptcy. On a positive note, if you're...
Child support can be part of a Chapter 13 bankruptcy plan
There are a little more than three divorces per every 1,000 Tennessee residents. Financial issues are often a central focus of such proceedings, especially in cases where children are involved. Divorce can sometimes cause insurmountable debt. Other life issues may...
Chapter 13 bankruptcy and CFPB protection removals
There are many good, hard-working people in Tennessee and throughout the country who are experiencing serious financial trouble right now. You might be one of them. If so, you’ll be glad to know that there are numerous debt relief options that may be helpful to you,...
What documents do you need for filing Chapter 13?
Tennessee residents who are struggling with serious debt issues know that financial problems can affect a person’s life every day. Even if they do not spend money that day or have an obligation to meet, their debt is often lingering in the back of their mind no matter...
Chapter 13 bankruptcy helps avoid asset liquidation
Many Tennessee residents are currently struggling financially to stay afloat. Like many other people throughout the country, some of those facing financial crisis in this state are business owners. Others are navigating divorce and learning that the financial...
People that used bankruptcy as a valuable tool
Many Tennessee residents are struggling to stay financially afloat either in business or just making ends meet at home. Some of them could benefit by seeking bankruptcy protection, which is a valuable financial tool. Filing for bankruptcy has helped countless...
What happens to a car lease during a Chapter 13 bankruptcy?
If you have a car that you're leasing and are planning to go through a Chapter 13 bankruptcy, you may be wondering what will happen to the least. Generally, there will be two options open to you. The first would be to return the vehicle. The second would be to...
