When businesses in Goodlettsville file for bankruptcy, most might assume that is it under Chapter 11. This is the form of bankruptcy that allows companies to create a restructuring plan that will hopefully allow them to avoid debt struggles in the future. Yet there...
Chapter 7 Bankruptcy
Chef’s restaurant empire falls to Chapter 7
There may be a great deal of negative connotations associated with bankruptcy, yet in reality, such an action is often a filer's best chance at re-establishing themselves in a favorable financial position. Federal bankruptcy laws are in place to prevent people in...
Embattled USA gymnastics seeks bankruptcy protection
When people run into financial distress in Tennessee, it can be difficult for them to see a way out of their current situation. Fortunately, there are several options including consolidating debt and selling off assets to try and turn things around. In some cases,...
The purpose of pre-bankruptcy credit counseling
A common perception that many in Goodlettsville may have is that personal bankruptcy simply offers one who has been irresponsible in their financial decision-making a way to avoid the consequences of their actions. The fact that most who seek bankruptcy protection...
What is an automatic stay?
If you are one of the many Americans who struggle with credit card debt, medical expenses, mortgages and other bills, you may have been contacted by creditors regarding your late payments. Businesses often turn your unpaid, deficient amounts over to a collections...
Why are more boomers filing bankruptcy?
If you are one of the many baby boomers in Tennessee, you might be retired already or perhaps you are eyeing the possibility of retirement soon. At the same time, however, you may be experiencing a financial situation that is far from what you once had planned for...
Party officials bring up opposing candidates bankruptcy
One of the reasons that many in Goodlettsville may be hesitant to consider bankruptcy as a legitimate option to help combat their struggles with debt is the perceived stigma that is associated with it. Some might view those who seek bankruptcy protection as being...
Should I be ashamed to file for bankruptcy?
As you are attempting to deal with financial hardships outside your control, well-meaning friends, family and associates might be confusing you with their two cents. Bankruptcy should only be used as a last resort, they might say. Or, if you file for bankruptcy, your...
What is the homestead exemption?
If you file Chapter 7 bankruptcy in Tennessee, your assets may be seized and sold to repay a portion of your debts. To ensure that you are not left without anything or any means to rebuild, the state affords you some exemptions. In Tennessee, the homestead exemption...
Study finds high rate of medical debt in South
While credit-card debt may once have been on top, medical debt has replaced it as the main reason that residents of Tennessee and all other states declare bankruptcy. That may or may not be news to you; it has been leading the list of bankruptcy causes for a few years...
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