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. […]
Author Files For Chapter 7 Bankruptcy
Economic uncertainty can hit anyone at any time. People can face unexpected expenses, loss of income and other financial difficulties. In these situations, a Chapter 7 bankruptcy can help to eliminate people’s debt and stop creditor harassment. According to recent reports, famous author Zane has filed for bankruptcy. The popular author writes erotica and has […]
What Debt Won’t Be Discharged In Bankruptcy?
In recent years, many Tennessee residents have amassed different types of debt. As people struggle to recover from the so-called Great Recession, many may be considering their debt relief options. In some cases, filing for bankruptcy under chapter 7 may be the best recourse. Under chapter 7 bankruptcy, assets are placed into an estate and […]
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