Chapter 13 Bankruptcy

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...

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...

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...

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...

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...

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...

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....

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,...

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...

On top of worrying about how to deal with creditors and pay monthly bills, people in Tennessee who struggle with serious financial problems may also have to be concerned about having a place to live. Homeowners facing these types of issues may be at risk of losing...