If you own a small business and are struggling with debt, you may be considering bankruptcy. While the bankruptcy process can be stressful, if you go through the process with an open mind and are willing to learn new financial habits, you may come out in a better...
Cleveland Tennessee Bankruptcy Law Blog
How can I keep secured property in Chapter 7 bankruptcy?
A major fear many people have about Chapter 7 bankruptcy is that it will cause them to lose property to liquidation. In reality, bankruptcy is quite flexible, and Chapter 7 is not an exception. You may even keep property that creditors have a claim on. Secured...
When should you modify your Chapter 13 repayment plan?
Filing for Chapter 13 bankruptcy offers you a chance to avoid liquidation by completing a repayment plan to pay at least some of your outstanding amounts over time. If you fear you might have trouble sticking to the plan, understand that a repayment plan is not set in...
Can you keep your house and car after bankruptcy?
Some Tennesseans, who are in considerable debt, continue to put off looking into bankruptcy because they’re embarrassed of the personal repercussions. While bankruptcy can be a stressful process, there is no reason you should be embarrassed about taking the steps...
Why a credit card company cannot sue you after bankruptcy
Filing for bankruptcy provides individuals with a fresh financial start, allowing them to alleviate the burden of overwhelming debt. However, many individuals wonder about the consequences regarding their creditors, particularly credit card companies. Understanding...
Is Chapter 7 bankruptcy right for you?
Deciding to file for Chapter 7 bankruptcy is a significant step that will impact your financial future. This type of bankruptcy can offer a fresh start by discharging certain debts. Before moving forward, you should understand what Chapter 7 bankruptcy entails and how...
Why should someone consider chapter 13 bankruptcy?
You may be one of the many Americans who struggle with debt. Many people find themselves in difficult financial situations through unexpected situations such as job loss, a medical emergency and more. It does not take long to accumulate balances you can no longer...
Consumer spending is on the rise in the United States
One of the most telling signs of the health of the economy is the amount that consumers are spending. A positive sign is that people are spending more, with retail and food purchases topping out at over $700 million at the beginning of this year. This represents a...
How the Chapter 13 repayment plan works
Bankruptcy can be a daunting term, but Chapter 13 offers a structured way for individuals to manage their debts and get back on track financially. This plan works by creating a repayment schedule that allows debtors to gradually pay off their debts over a period of...
Credit card actions to avoid before you file for bankruptcy
When you are getting ready to file for bankruptcy in Tennessee, you must be even more careful with your financial actions. Otherwise, certain mistakes can slow or derail the process. This can be especially true when it comes to your credit card usage. 1. Accumulating...
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