When it comes to the economy and the most recent recession, few states took it on the chin as hard as Tennessee. Things are beginning to rebound for the country overall, but many in Tennessee still face challenges.
Anyone in Tennessee who may be considering filing for bankruptcy would do well to understand that the law provides for two different forms for individuals; Chapter 7 and Chapter 13.
There are plenty of people who are thinking of filing for a personal bankruptcy who are holding back in fear of what would happen to their credit scores if they did file. However, the truth is that filing for bankruptcy is one of the first steps toward rebuilding credit.