Bankruptcy is a tool that can assist various individuals in certain financial strains. While it was once looked down upon by many, filing for bankruptcy is becoming more acceptable amongst various groups of people. An automatic stay is a component of the bankruptcy...
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Get A Fresh Start Through Bankruptcy
Month: March 2019
Rebuilding credit should be a focal point after bankruptcy
When people hear the word “bankruptcy,” they often associate it with negative consequences. However, for many people, filing for bankruptcy can be the beginning of a fresh start and an opportunity to redevelop their financial foundation to prepare for a successful...
What is the meeting of creditors?
Once you start your Chapter 7 bankruptcy in Tennessee, you will learn a lot of new terms and vocabulary. Many of the processes will have legal terms or bankruptcy-specific language, and it is important that you understand what these things mean. One such phrase you...
More ways to finance a new business after bankruptcy
As previously discussed, there are ways for a Tennessee business owner to create a new business after going through bankruptcy, including starting a small business that does not require a lot of capital, or by seeking alternative means of financing. Even so, going...
How should you handle finances after bankruptcy?
When you file for Chapter 13 bankruptcy in Tennessee, you may only think about relieving your immediate financial problems. However, it is also a good idea to start thinking about how you can rebuild your finances after bankruptcy. After bankruptcy, one of the things...
Does bankruptcy discharge child support payments?
Your financial situation may have suffered during your divorce. The amount of debt you took plus the lingering child support payments for the next few years leave you in a bit of a bind. You find yourself getting behind in everything. It is overwhelming. You wonder if...