Chattanooga, Tennessee Bankruptcy Law Blog
Avoid these mistakes in your Tennessee Chapter 13 bankruptcy
In Tennessee, residents struggle with crippling debt every day. After trying different ways to overcome their debt, many of these people realize that bankruptcy is their best option. A Chapter 13 bankruptcy is a great way to get a handle on your debt and keep some of...
If you file for bankruptcy, you’re certainly not alone
People don’t like to talk about money, especially when they’re facing financial troubles and may need to file for bankruptcy. This is why those who are considering it often feel like they’re alone. They don’t know anyone else who has done this -- or so they think --...
Points worth underscoring re probate and trust creation
Many Tennessee residents and their peers in other states spanning the country occasionally think about estate planning. And then they periodically think again about that topic. And again, and again, and … . Readers likely well grasp the point. Estate planning is...
When divorce leads to bankruptcy: Make strategic decisions
It’s no secret that when money gets tight in a marriage, couples tend to bicker and fight a lot more. It can become a bit of a “chicken or the egg” conundrum, but the end result can often be that couples find themselves filing for both divorce and bankruptcy...
Dividing an estate between adult children
Some parents in Tennessee who are creating estate plans may wonder whether they should divide their assets equally among their adult children. When making this important decision, there are several factors they should consider. Equal or equitable? First, parents...
Will you lose your home in Chapter 7 bankruptcy in Tennessee?
When the average person thinks about bankruptcy, they often picture a Chapter 7, even if they are not sure of the differences in Chapter 7 and Chapter 13. Chapter 7 bankruptcy is a specific form of bankruptcy that helps individuals discharge, or wipe out, as much debt...
You may be able to protect your vehicle in bankruptcy
If you’re struggling with the idea of going into a bankruptcy because of the fear that you’ll lose many of the things you owe, set that aside for a moment to learn more about how a bankruptcy can help and how you can keep many of the assets in your possession. With...
Can being the victim of credit card fraud lead to bankruptcy?
Fraudulent charges on credit cards are being reported at a greater rate than in the past. In April of 2020, Fidelity National Information Services noted that there was a 35% year-over-year increase in the number of fraudulent credit transactions reported. This is an...
How to overcome too much medical or credit card debt
Credit card debt is a burden that can silently grow without the debtor’s notice until it is too big to ignore. Medical debt can suddenly appear after an injury or illness and leave the patient with thousands of dollars of debt or more. When the minimum payments on...
Wage garnishment? Bankruptcy can help
One of the scariest things some people will have to deal with is knowing that their wages are going to be garnished because of debts. This means that your employer has to take money out of your paycheck to cover the court order’s terms. Unfortunately, this isn’t...
