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...
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Chapter 7 Bankruptcy
How can a Tennessee homeowner avoid foreclosure?
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...
Can an employer refuse to hire you over a bankruptcy?
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...
Exemptions can help protect your assets during bankruptcy
Chapter 7 bankruptcies can be great for those who are in debt and who have no disposable income to pay down what they owe. Some people worry about filing for this form of bankruptcy due to the belief that it may leave them with nothing. However, despite the fact that...
What is a wildcard in bankruptcy?
Chapter 7 bankruptcy might seem to some like a curse, but the reality is that it's an amazingly beneficial way to get out of debt fast if you meet the requirements to file. Chapter 7 bankruptcy got a bad name because of its liquidation aspect. Liquidation bankruptcy...
Inaction may still cause trouble in bankruptcy
One of the long-standing rules of bankruptcy law is that the automatic stay prevents creditors from taking steps to enforce the debts owed to them. In other words, they must do nothing once the debtor files for bankruptcy. However, doing nothing can also get a...
Can Tennessee student loans be discharged in bankruptcy?
The single word answer to this question is, "yes." However, there is much more to be said and many more complexities regarding this subject. It is not impossible to obtain a discharge of a student loan within a bankruptcy, but it is certainly no easy task. It is also...
Property protections for Chapter 7 bankruptcy filers
Bankruptcy exemptions are an important aspect of Chapter 7 personal bankruptcy protection to be familiar with. Chapter 7 bankruptcy protection involves liquidating assets to repay creditors but not all assets must be liquidated and that is important to know.Chapter 7...
The homestead exemption in Tennessee
Chapter 7 personal bankruptcy has important protections built into the process. One of the protections includes Chapter 7 bankruptcy exemptions which exempt certain property from the liquidation bankruptcy process. An important exemption to be familiar with the...
Step by step through the Chapter 7 bankruptcy process
Chapter 7 bankruptcy is a personal bankruptcy option that can provide debt relief for struggling consumers. Individuals considering bankruptcy may have many questions and it is important for them to get answers and understand the steps in the process.Chapter 7...