navigation
Richard Banks & Associates, P.C.
free consultations
local: 423-244-0009
toll free: 866-596-8527
Practice Areas

Posts tagged "fresh financial start"

What kinds of debts are not discharged in Chapter 13 bankruptcy?


Many Tennessee residents who are struggling financially choose Chapter 13 bankruptcy because they want to make a good-faith effort to pay off debts. While Chapter 13 bankruptcy offers the ability to make manageable payments on credit card debt, it's not a magic solution. Bankruptcy does not eliminate all kinds of debt, and there are certain financial obligations that cannot be erased in Chapter 13. Read on to find out what types of debts will remain.

Why Chapter 7 bankruptcy is preferred by many consumers


When Tennessee consumers face overwhelming debt, they may look at various options but eventually settle on bankruptcy. They are often given two choices: Chapter 7 or Chapter 13. Which one is better? Many consumers prefer Chapter 7 bankruptcy because of the many advantages it offers.