Tennessee residents struggling with debt may want to consider filing for Chapter 13 bankruptcy. This type of bankruptcy allows you to create a repayment plan that will enable you to pay back your debts over three to five-year periods. Keep reading to learn the basics...
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Chapter 13 Bankruptcy
How Chapter 7 and Chapter 13 bankruptcy differ
If you are struggling with debt as a Tennessee consumer, you might wonder whether filing for bankruptcy is the right choice. Before you decide, it can be helpful to understand the difference in Chapter 7 and Chapter 13 bankruptcy so that you will know what to expect...
The differences between Chapter 7 and 13 bankruptcy
Memphis residents who are thinking about filing for bankruptcy have several key decisions to make. However, the biggest decision may be whether to file for Chapter 7 or Chapter 13 protection. Let's take a look at the key differences between these two options and how...
How to manage a repossessed car with a bankruptcy
Filing for bankruptcy in Tennessee can help you protect your assets or get back others that you've lost. If you need time to organize money to pay back your car loan, a bankruptcy might help, but it depends on the situation. Wait for terms of redemption Anytime a lien...
What happens to Social Security benefits in bankruptcy?
Filing for bankruptcy can be a difficult decision for many Memphis-area residents, and especially when part of the household income is Social Security benefits. There are many people in the region who are apprehensive about actually filing for protection from...
How do Chapter 7 and Chapter 13 bankruptcies differ?
When your debts start spiraling out of control due to medical emergencies, job loss or other circumstances, you may feel as if you have reached the end of your rope. You may feel especially stressed if you have creditors calling you at home or at work, in which case...
How Chapter 13 can help save your home
For many Tennessee residents, what was a reasonable mortgage amount in 2019 is more than you can handle today. Bankruptcy may look like your best option if you struggle with too much debt every month, but you worry about losing your home and how you and your family...
Caring for family members may lead to financial issues
Medical emergencies often require taking time off from work to provide care for a spouse, parent or child. Under the Family and Medical Leave Act, employees can take up to 12 weeks off for caregiving and keep their jobs. Many companies, however, do not provide pay...
Taking steps now may prevent foreclosure on your home
Like many Americans, you may be taking advantage of current mortgage forbearance protections. Unfortunately, once your forbearance period is over, you may have to begin making payments again, including repaying delinquent amounts. Restarting monthly mortgage payments...
The Chapter 13 bankruptcy process
When people fall behind on their bills, the future might seem unsteady. When that unsteadiness goes on long enough, those same people may want to look into a fresh financial start in Memphis. Bankruptcy sounds like a dirty word sometimes, but these legal methods of...