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Get A Fresh Start Through Bankruptcy
People sometimes refer to Chapter 13 bankruptcy as a wage earner’s plan. That nickname comes from the mandatory repayment plan. A filer must meet with the court-appointed bankruptcy trustee and representatives from their creditors to work out an arrangement for paying...
Facing a potential vehicle repossession creates intense pressure when you rely on your car to get to work every day. You must realize that lenders in Tennessee and Arkansas do not have to give you advance warning before they seize your vehicle. A repossession...
Chapter 13 bankruptcy allows people to keep their property while eventually qualifying for a discharge of their debts. They must make several years of payments through a court-approved repayment plan before they are eligible for that discharge. Typically, only...
A Chapter 13 bankruptcy is a multi-year process. In addition to waiting for hearings in court, filers also have to complete a lengthy repayment plan. The person seeking relief through a Chapter 13 filing makes a single monthly payment to the courts, which the trustee...
If you are thinking about filing for Chapter 13 bankruptcy in Tennessee, you might wonder how it could affect your credit score. Credit can influence many parts of your daily life, such as renting an apartment, applying for a loan or setting up utilities. Although a...
When you file for bankruptcy in Tennessee, you may worry about your vehicle loan. The 910-day rule explains how the court handles recent car purchases in Chapter 13 cases. It can shape whether you keep your car or change repayment terms. Understanding it helps you see...
As your unpaid bills accumulate, creditors may intensify collection efforts by calling daily, mailing notices or threatening legal action. Some collectors may even contact your workplace or relatives. This constant pressure can feel overwhelming and over time, affect...
Chapter 7 bankruptcy is what most people think of when they consider bankruptcy at all. It is a liquidation bankruptcy. Non-exempt assets are sold, and the money is collected. This money is used to pay down as much of the person’s debt as possible, and the rest of...
For many people, Chapter 13 bankruptcy represents a lifeline – a chance to regain control of finances while keeping treasured assets. It allows you to repay debts over time (3 to 5 years) through a court-approved plan. This makes it an attractive choice for those...
When people file for personal bankruptcy, they are often in dire need of immediate financial relief. They may have just received service for a pending creditor lawsuit or may be at risk of losing a financed vehicle to creditor collection attempts. Many people...