When Chapter 13 bankruptcy petitions are submitted in Tennessee and around the country, creditors seeking payment file what are known as proofs of claim with the bankruptcy court involved. These are legal documents that state how much money the creditor is owed....
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Get A Fresh Start Through Bankruptcy
Year: 2022
Decide if bankruptcy is right for you
When you realize that you need some financial help, you might look to bankruptcy to end your problems. While bankruptcy is the best possible scenario for many people near Memphis, it doesn't necessarily get rid of all debt, and you should only enter into a bankruptcy...
The role of a bankruptcy trustee in Tennessee
At a certain point, your debts and obligations may become overwhelming, and bankruptcy may be the best option to get your financial life back on track. If you find yourself in this position, it's crucial to understand the details of the bankruptcy process. The...
How can you get out of credit card debt?
Residents of Tennessee dealing with large credit card debt can feel hopeless. However, there are always options that can help. While bankruptcy is one, it should be used only after exhausting the alternatives. These are a few things you can do to alleviate your credit...
Buy now, pay later programs may be risky for Tennessee residents
"Buy now, pay later" plans have become increasingly popular in Tennessee in recent years. They allow consumers to purchase items without having to worry about paying for them right away. This can be a great convenience, but there is a dark side to these plans that...
Things to do when considering bankruptcy and after filing
Tennessee residents dealing with insurmountable debt might consider filing for bankruptcy. Doing so is a strong option for alleviating that burden. However, if you’re considering it, there are things to do before, during and after you file. Before filing Before filing...
What can you legally keep after you file for consumer bankruptcy?
If you experience significant financial difficulties in Memphis and the surrounding areas, including Arkansas, you may decide to file for bankruptcy. When used correctly, a bankruptcy filing can help you regain control of your finances. During the process, some filers...
Determining payments in Chapter 13
Chapter 13 bankruptcy involves establishing a payment plan to settle debts. Each month, the Tennessee debtor must make the required payments over three to five years. Several factors determine how much the monthly amount is. Monthly payment amounts A colloquial term...
What is a bankruptcy certificate and how do you obtain it?
Going through bankruptcy in Tennessee can enable you to obtain a fresh financial start. To initiate this process, you'll need to get your bankruptcy certificate. A bankruptcy certificate shows that you completed two important educational programs. Here's a closer look...
What is the automatic stay in bankruptcy?
Residents of Tennessee who are crippled by massive debt might want to consider filing for bankruptcy. After filing, an automatic stay goes in place. This is an important component of the process. The automatic stay explained When a person files for Chapter 7 or...