For many people, the decision to file for personal bankruptcy is made in response to a financial emergency. Despite dealing with rising levels of debt or an increasingly restrictive budget, they continue to try to fulfill their obligations each month. They then...
Cleveland Tennessee Bankruptcy Law Blog
Can Chapter 7 bankruptcy get rid of all of your debt at once?
Bankruptcy can be a smart way to get a fresh financial start. However, one thing some people wonder is whether it is possible for the process to get rid of all of your debt at once. In some cases, this can happen with Chapter 7 bankruptcy, depending on the type of...
Can one spouse file bankruptcy without the other?
Every Tennessee married couple handles their finances in a unique manner. No two households are the same. In some marriages, one spouse handles all things financially related. However, this sometimes creates problems for the other spouse, especially if the spouse...
How should you use credit cards after declaring bankruptcy?
Navigating the financial landscape can be daunting. This is especially true when it comes to managing credit cards. Your credit score after bankruptcy may have taken a hit, but it is not the end of the road. Responsible credit card usage can improve your score over...
Helping your small business recover after Chapter 11 bankruptcy
If you own a small business and are struggling with debt, you may be considering bankruptcy. While the bankruptcy process can be stressful, if you go through the process with an open mind and are willing to learn new financial habits, you may come out in a better...
How can I keep secured property in Chapter 7 bankruptcy?
A major fear many people have about Chapter 7 bankruptcy is that it will cause them to lose property to liquidation. In reality, bankruptcy is quite flexible, and Chapter 7 is not an exception. You may even keep property that creditors have a claim on. Secured...
When should you modify your Chapter 13 repayment plan?
Filing for Chapter 13 bankruptcy offers you a chance to avoid liquidation by completing a repayment plan to pay at least some of your outstanding amounts over time. If you fear you might have trouble sticking to the plan, understand that a repayment plan is not set in...
Can you keep your house and car after bankruptcy?
Some Tennesseans, who are in considerable debt, continue to put off looking into bankruptcy because they’re embarrassed of the personal repercussions. While bankruptcy can be a stressful process, there is no reason you should be embarrassed about taking the steps...
Why a credit card company cannot sue you after bankruptcy
Filing for bankruptcy provides individuals with a fresh financial start, allowing them to alleviate the burden of overwhelming debt. However, many individuals wonder about the consequences regarding their creditors, particularly credit card companies. Understanding...
Is Chapter 7 bankruptcy right for you?
Deciding to file for Chapter 7 bankruptcy is a significant step that will impact your financial future. This type of bankruptcy can offer a fresh start by discharging certain debts. Before moving forward, you should understand what Chapter 7 bankruptcy entails and how...
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