Your income used to be enough to live on, but lately, it seems as if you have more bills than you do paycheck. The idea of declaring bankruptcy may seem appealing, but you love your house, and losing it is just not an option. Filing Chapter 13 bankruptcy allows you to...
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Personal Bankruptcy
Do you have to go in front of a judge for bankruptcy?
Despite the fact that thousands of people file for bankruptcy every year in the United States, there are still a lot of misconceptions about the practice. For example, a lot of people assume anyone who has to file for bankruptcy is irresponsible with money. The...
What are the differences between Chapter 7 and Chapter 13?
With your mortgage payment, car payment, credit card payments, utilities and other monthly bills, you may not make enough money to cover them all.You may be thinking about filing bankruptcy as a last resort, but you are unclear about the differences...
Comparing federal and Tennessee bankruptcy exemptions
One of the most important questions that must be answered when a resident consults an attorney about filing a bankruptcy petition is what exemptions should be used. Both state law and federal law permit debtors to declare certain assets exempt from creditors' claims...
Chapter 7 bankruptcy can provide much-needed debt relief
The decision to file for bankruptcy can be a big step, but it does not have to be an especially unpleasant one. This blog recently discussed the increased number of bankruptcy filings and the high number of bankruptcy filings in Tennessee. Bankruptcy protections...
Bankruptcy may help you start 2016 on the right foot
It is that time of year when Cleveland residents may begin thinking about their New Year's resolutions. For some, getting a good jumpstart on personal health is a priority. Others may make getting ahead in their careers the focus of their goals. Still others may make...
Rapper 50 Cent files for bankruptcy; owes $28 million
Famous musicians don't always have millions of dollars in the bank. Take rapper 50 Cent, for example. Many Tennessee music lovers are familiar with 50 Cent's work, but in reality, the rapper supposedly doesn't even have 50 cents to spare. The rapper, whose real name...
The emotional aspect of bankruptcy: how to deal
Nobody gets excited about the thought of filing for bankruptcy, but in many situations, it's the only way to get out of a financial mess. Many Tennesseans are afraid of bankruptcy, however, because of their pride. To many people, money is their identity. Without it,...
What should I expect in my pre-bankruptcy counseling session?
Before filing for bankruptcy, Tennessee residents must attend counseling. This counseling is mandatory because it allows a credit counselor to assess a person's situation and see if bankruptcy is the right option. Plus, it makes sure that the person understands the...
Choosing the right bankruptcy for those with irregular income
When a person has a regular paycheck, staying out of debt can still be tricky. Imagine the stress involved with working a seasonal job or owning a business. In these situations, there is no steady paycheck upon which you can rely. You're not always paid on a weekly or...