Financial stress may have you feeling hopeless about the future and your ability to live debt-free, but fortunately, there are options to help you regain control of your situation. Bankruptcy often gets a bad rap from many people in Tennessee, but the reality is that...
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Get A Fresh Start Through Bankruptcy
Year: 2019
What happens to your credit score after bankruptcy?
You may be considering bankruptcy to break free from your debt. But you may be hesitant due to fears of what it will do to your credit score. While it is true that filing bankruptcy will impact your credit report, allowing your debt to go to collections may be even...
What is unsecured debt?
While the national and global economy continues to be relatively strong, financial burdens are still everyday realities for many residents in Tennessee. If you find yourself cringing every time another bill or statement arrives, you are far from alone. One thing you...
A call for bankruptcy reform
People in Tennessee who struggle to stay on top of their debt know how stressful this situation can be. Regardless of the reasons that contribute to a person’s inability to pay bills and other debts, there should be a way to get help and be able to start over. For...
Is it really impossible to get rid of student loans?
If you are currently thinking about filing for bankruptcy in Tennessee, you were probably disappointed to hear that you were still liable for student loans. However, according to Forbes, this is not always the case. Forbes is clear that a discharge of student loans...
How predatory lenders prey on bankruptcy filers
Tennessee residents who have completed Chapter 13 bankruptcy should be aware that are lenders who are looking to take advantage of people who have previously filed for bankruptcy. One of the major signs that you may not be dealing with a reputable lender is that you...
Do you qualify for Chapter 7 bankruptcy?
According to FindLaw, up until late 2005 bankruptcy judges could use their discretion to decide whether a debtor qualified for Chapter 7 bankruptcy. As a result, the majority of bankruptcy filers chose to file for Chapter 7 even if they were fully capable of repaying...
Key facts about an automatic stay
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...
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...