Chapter 13 Bankruptcy

Bankruptcy can be a reorganization option for individuals. However, in order to use this bankruptcy type, filers must have a reliable source of income. Those seeking to reorganize their debt and enjoy a fresh financial start at the end of the process should consider...

Struggling with debt can be overwhelming. Chapter 13 bankruptcy is one option that is available to provide relief from the stress associated with overwhelming debt. Chapter 13 bankruptcy is considered a 'reorganization bankruptcy' that allows the filing party to...

Last week this Tennessee bankruptcy law blog explored some of the advantages and disadvantages of filing for Chapter 7 bankruptcy. This week's topic addresses the benefits and shortcomings of Chapter 13 bankruptcy for American consumers. Though the information...

Tackling a major project can be a challenge for individuals who struggle to look at each step and who cannot see past the totality of everything that must be done. Tennessee residents who become overwhelmed when working through difficult tasks may flounder when faced...

Not everyone who is facing financial challenges is drowning in debt with no means of income to repay it. There are thousands of Americans who earn a decent income, but what they earn simply isn't enough to keep up with even minimum payments on debts. Tennessee...

When financial challenges affect you, those challenges often have a way of also affecting your family. Whether you are married, a parent, or both, you may find that your hardships are difficult to insulate from your loved ones. So, how can such situations be handles?...

Several parties may be involved when a Tennessee resident chooses to submit a repayment plan under a Chapter 13 bankruptcy filing. The debtor, of course, must commit to providing periodic payments toward the satisfaction of the person's full or reduced debts. The...

For Tennessee consumers, filing for bankruptcy is a difficult decision. But for those drowning in debt, it's the only option for relief. After making the choice to file, the next question is: Chapter 7 or Chapter 13? Both offer many benefits, but they do have...

When a Tennessee consumer seeks debt relief, he or she may choose bankruptcy. There are two main types of bankruptcy to consider: Chapter 7 and Chapter 13. Many choose Chapter 7 because it can be quick and easy, and virtually all debts are wiped out in a matter of...

  Many Tennessee residents take out home equity loans for necessities such as home improvements, large purchases and sometimes even to pay off other debts. This may seem like a good idea but issues arise when the loan is not paid on a monthly basis. Even f the...