A Chapter 7 bankruptcy may not require you to give up your vehicle, even while paying off a car loan. As noted by Experian.com, you may continue financing your vehicle if its equity does not exceed Tennessee's wildcard exemption. Tennessee generally allows Chapter 7...
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Get A Fresh Start Through Bankruptcy
What Bankruptcy Can Do
How does the automatic stay work?
When you file for any type of consumer bankruptcy, the court issues an automatic stay immediately. This stay gives you protection against debt collectors. According to Cornell Law School, the automatic stay prevents debt collectors from collecting the debts you owe....
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...
How can debt affect your mental health?
While many Americans face high amounts of debt, you may feel like you cannot escape from the burden. According to CNBC, people use side hustles and freelancing to pay off large debt amounts. The problem with burning yourself out over debt is the effect that it has on...
Can debt relief help me?
When faced with mounting bills, it is easy for a person's financial situation to get out of control quickly. When this occurs, your first impulse may be to sign up with a debt relief program. After all, these programs make impressive claims about reducing or even...
How do I keep my car when I’m going through bankruptcy?
In many ways, your car is your lifeline. Without one, getting from place to place becomes difficult. Yet, if you’re preparing to file bankruptcy, you may fear you will lose it during proceedings. While some people must forfeit their car during bankruptcy, you might...
What does creditor harassment look like?
Millions of Americans struggle with debt. Unfortunately, many of these people also must deal with unscrupulous debt collectors. People in this situation can be afraid to answer the phone or leave their home. They can be worried about whether a boss or family members...
Is credit counseling worth it?
When you file bankruptcy in Tennessee, the court may well require you to go to credit counseling. Actually, Need Help Paying Bills recommends that you obtain the services of a credit counselor prior to filling bankruptcy so as to possibly avoid it. Whether before or...
How will bankruptcy affect your credit score?
If you are one of the many people in Tennessee who are struggling to keep up with overwhelming debt payments, you likely have begun thinking about filing bankruptcy so as to get most of your debts discharged and consequently give yourself a fresh financial start....
What can bankruptcy’s automatic stay protect you against?
As a Tennessee resident who is getting hounded by creditors or debt collectors, you may be feeling as if you are at your wit’s end. Receiving seemingly constant communications from creditors can prove anxiety-inducing at best, and you may be wondering whether...