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chapter 7 bankruptcy Archives

How many people file bankruptcy in Tennessee?

The great recession may feel like history now as the economy continues to improve in Tennessee and across the nation. However, that does not mean that three are not consumers who continue to experience serious financial difficulties. Businesses may still lay workers off and individuals might be forced to pay excessive costs for health-related matters ranging from direct medical treatment to in-home care and more. These are just two of the situations that often contribute to a person needing to seek help for unmanageable levels of debt.

Consignment store files for Chapter 7 bankruptcy

A consignment store in a northeastern state has closed its doors as of July, according to local business news. In Tennessee and elsewhere, retail shops continue to struggle financially. Chic 2 Chic closed its doors unexpectedly and has since filed for Chapter 7 bankruptcy protection. A creditor's meeting is scheduled for Sept. 12. 

What debts can I include in a Chapter 7?

If you are one of the many people in Tennessee who is struggling to make ends meet and to keep up with your bills, you may be wanting to consider bankruptcy. A Chapter 7 bankruptcy plan may well provide you wiht the level of debt relief that you need in order to start over with a clean slate and get back on a positive financial footing. However, before you rush into the decision to file for bankruptcy, it is important for you to know that not every type of debt is able to be discharged with a bankruptcy.

Rate of bankruptcy filings is once again on the rise

Reaching the decision to file for bankruptcy is never an easy one for people in Nashville. Many people worry about the stigma associated with bankruptcy but it can also have many benefits. Having debts discharged and being able to start over financially are often well worth it.

ACA led to dramatic drop in bankruptcies over last few years

For many people who struggle with debt in Tennessee, filing for bankruptcy ends up being their best option. Bankruptcy can be an opportunity to wipe one’s financial slate clean and start over again without past debts hanging overhead. While the reasons may vary from person to person, a common cause that leads people to incur large bills that they cannot afford is medical expenses. In fact, according to USA Today, medical debt is the number one reason that people file for bankruptcy.

Harassment by debt collectors a widespread problem, study finds

If you live in Nashville and are struggling with debts that you cannot pay, you may receive contact from companies who are looking to collect on your outstanding balances. Creditors often sell their debts to companies who then attempt to induce consumers to make payment. Despite the fact that those agencies are restricted by certain regulations when it comes to contacting debtors, many do not follow the rules. At Rothschild & Ausbrooks, PLLC, we know how stressful it can be when a debt collector threatens or harasses you.

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

Toll Free: 866-656-8909
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Nashville Bankruptcy Office