With the economic down turn during the last decade, many Tennessee families are barely making ends meet. With even the slightest set back, some are unable to pay all of their monthly obligations on time. If this becomes a pattern — especially with a family’s mortgage — people can risk their financial security. If people […]
Do You Qualify For Chapter 13 Bankruptcy?
When Tennessee residents need financial relief, they will often turn to the bankruptcy court. Through a bankruptcy people can get some or all of their debts discharged. While a bankruptcy can effect a person’s credit score, it frees the person from creditor harassment, crippling debt and allows them a fresh financial start. However, many people […]
Chapter 7 and Bankruptcy Exemptions
Tennessee residents may know that when people file for Chapter 7 bankruptcy, their property can be sold to help pay down existing debts. In a Chapter 7 bankruptcy, property is collected by the trustee and placed into the bankruptcy estate. This money is distributed to creditors before the debtor receives a discharge of remaining debt. […]
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