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...
Chapter 7 bankruptcy is a common form of debt relief. It involves liquidating nonexempt assets to pay off debts and granting a discharge for eligible debts. Usually, it is sought by individuals seeking a fresh financial start. But for married couples facing financial...
For Tennessee residents struggling to overcome financial problems, there may be several debt relief options available. Debt solutions are not one-size-fits-all, however. For example, when people file for bankruptcy, they must choose the program that best fits their...
When financial crisis hits, there are often several options available to help an individual or business get things back on track. Chapter 7 bankruptcy, for instance, is a valuable financial tool for those in Tennessee or beyond who meet eligibility requirements. A...
In Tennessee and all over the country, individuals and families are struggling to get back on their feet following the unprecedented world events that cost many jobs and closed many businesses. Additionally, some may be dealing with related medical bills or other...
It is not out of the ordinary for a Tennessee homeowner to get behind in monthly payments if he or she is experiencing financial difficulties. Sometimes, there may be options available to help resolve the problem, but the homeowner may not know where to turn to for...
Buying a home can be an exciting but stressful experience. As years pass, changes in one’s financial status may create challenges that make it difficult to keep up with mortgage payments. If a Tennessee homeowner falls behind and misses several payments in a row, he...
One of the most common concerns people have with bankruptcy is the fear that this process will cause them to lose their personal property. In reality, it is possible to benefit from the protections provided by Chapter 7 bankruptcy without losing many types of...
People do worry that a bankruptcy won't look good to others. In some ways, that may be true, but on the whole, it's understood that bankruptcy is a legal protection offered only when people truly need it.When you're looking for a job during your bankruptcy or after...
Bankruptcy has long affected Americans, but there is some good news in 2020. According to a new report from Oct. 5, fewer Americans have filed for bankruptcy in 2020 than in 2019 despite the fact that there are 10.7 million fewer jobs in the country and that over a...
Richard Banks & Associates, P.C.
393 Broad Street Northwest
Cleveland, TN 37311
Toll Free: 866-596-8527
Phone: 423-219-3299
Fax: 423-478-1175
