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June 2015 Archives

The pros and cons of filing Chapter 13 bankruptcy

If you are like many people struggling with overwhelming debt in Tennessee, then you have likely considered bankruptcy. With several filing options available, it can be difficult to know which one is best suited for your situation. At Rothschild & Ausbrooks, PLLC, we are often asked how to know if filing for Chapter 13 bankruptcy is right for you. In this post, we will discuss the benefits and disadvantages of Chapter 13.

How can you get rid of your credit card debt in Tennessee?

If you are like many people in Tennessee, and throughout the U.S., who are struggling with debt, it is likely that credit card balances contribute to your financial difficulties. According to, approximately one out of every three adults in the U.S. reported that their households carry credit card debt from one month to the next in 2014. Dealing with this type of debt may seem like an insurmountable challenge. However, there are a number of options available, which may help you to eliminate your credit card debt.

Settlement changes how medical debt is reported by credit bureaus

The costs of medical treatment in Tennessee, and throughout the U.S., are on the rise. Even with health insurance coverage, people may incur medical debt, which could show up on their credit reports. In a December 2014 report, the Consumer Financial Protection Bureau indicated that approximately half of the reported collection tradelines were from medical debt collection efforts. A recent settlement in a dispute involving the three largest credit reporting bureaus, however, will have a significant impact on how medical debt is reported moving forward.  

Getting together the papers necessary for bankruptcy filing

Many people who have never filed for Chapter 7 bankruptcy before may not be aware of the fact one cannot simply declare they are bankrupt without going through a process. There are many steps that must be taken first in order to make the bankruptcy official. Additionally, there is a fair amount of paperwork to fill out.

Why balance in bankruptcy filing is important

When it comes to bankruptcy filing, some people may have a preference for one type of bankruptcy over another. Those who are considering filing for bankruptcy may also be more likely to file for Chapter 7 than Chapter 13 depending on whether they live, or vice versa.

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Rothschild & Ausbrooks, PLLC
1222 16th Avenue South, Suite 12
Nashville, TN 37212

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