Many Tennessee residents who file for bankruptcy hope that their case proceeds without any problems or detours. However, complications can result in the bankruptcy process. Perhaps a creditor does not approve of the court discharging a debt in your Chapter 7 case, or...
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Month: January 2019
What is an automatic stay?
For many people, bankruptcy is a way to regain control of their finances. A crucial part of this involves the automatic stay. This is an initial injunction that stops creditors from taking further action against you while a court determines whether your case qualifies...
You can create a new business after bankruptcy
The major fear of many business owners in Tennessee is that after going bankrupt they may not be able to create a new business any time soon, if ever. However, this is not the case at all. It is true that having bankruptcy on your record is going to make it harder to...
Is crowdfunding the answer to your debt problems?
Some people, though drowning in debt, are afraid of the stigma of bankruptcy and will turn to other means to help raise money to pay their bills. They may turn to crowdfunding as a solution. While using crowdfunding sites like GoFundMe to raise money might seem like a...
Credit counseling required before filing for bankruptcy
As a Tennessee resident looking to give yourself a clean financial slate through filing for bankruptcy, you may be studying up on the process, and some of the information about what bankruptcy can do and what it entails may surprise you. You may, for example, not have...
Moving on after bankruptcy will not be as hard as you think
Once your bankruptcy is behind you, life begins to look brighter. After all, you have succeeded in getting rid of an enormous mountain of debt. Yet you cannot help wondering what is next. Will you ever get credit again? What if you fall back into the old pattern of...
Why are old bankruptcy documents important?
When your bankruptcy is done, you are eager to move on. Many people never want to even look at their old bankruptcy paperwork. Even so, you should still preserve your bankruptcy documents and keep them in a safe location. There may be some occasions when you need to...