If you earn a decent, steady paycheck but you’re still struggling to pay your debts on time, it may be worth considering filing for bankruptcy. While your income level may render you ineligible to apply for Chapter 7 bankruptcy relief, it is likely that as a steady...
Chapter 13 Bankruptcy
How the Chapter 13 bankruptcy repayment plan works
When you file for Chapter 13 bankruptcy, you will create a repayment plan for your debts. This is a legal tool that enables you to get out of debt. The repayment plan works, in some ways, like a short-term consolidation loan. It helps you restructure your debts for...
Does Chapter 13 bankruptcy discharge all your debts?
Realizing that you have too many debts and not enough income is a tough position to be in. You may consider filing for bankruptcy if you’re in that spot. Some people will file Chapter 13 bankruptcy, which is informally known as a wage earner’s bankruptcy. In a...
What does a Chapter 13 bankruptcy hardship discharge mean?
When you file for a Chapter 13 bankruptcy in Nashville, you likely will not receive a discharge until the completion of your repayment plan. Since Chapter 13 lasts for three to five years, one or more financial circumstances may arise to interfere with your repayment...
The Chapter 13 hardship discharge
If you are one of the many people in Tennessee who has filed for debt relief via a Chapter 13 bankruptcy, you will know that this is not a quick fix to your debt problems. You are initially obligated to make monthly payments to a trustee for a minimum of 36 months and...
Retain your assets with Chapter 13 bankruptcy
There are usually only two ways for individuals in Tennessee to file for bankruptcy: Chapter 7 and Chapter 13. Each involves eligibility requirements relating to the amount of debt you owe and the amount of income you bring in each month. Often, you will be eligible...
Tips to maintain financial health after bankruptcy
Now that you have had your debts discharged by filing for bankruptcy in Tennessee, you probably feel as though you have had the weight of the world lifted off your shoulders. We at Rothschild & Ausbrooks believe that you should feel good about the decision you...
Second mortgages and bankruptcy
It is not uncommon for homeowners in Tennessee to have both first mortgages and second mortgages on their homes. The presence of a second mortgage can at times leave consumers wondering about their options when they find themselves faced with serious debt problems....
State ethics officials frustrated at pace of bankruptcy case
There often is a stigma that surrounds personal bankruptcy, in that many in Nashville may view it as simply a form of escape. Their opinion might be that those filing are looking to escape from financial responsibilities that result from frivolous (or in some cases,...
Qualifying for Chapter 13
Many of the Nashville clients who come to us here at do so with the intention of filing for a Chapter 7 bankruptcy. If you share the same intent, it is likely due to the fact that a Chapter 7 allows you to discharge many of your debts. Yet...
I know you are working diligently for me and my family. It means EVERYTHING to us, and you have been so gracious in your efforts.
Thank you for that, as well as your entire staff. Remarkable.
-Kevin M.
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