One of the long-standing rules of bankruptcy law is that the automatic stay prevents creditors from taking steps to enforce the debts owed to them. In other words, they must do nothing once the debtor files for bankruptcy. However, doing nothing can also get a...
Month: February 2020
Filing for bankruptcy under Chapter 7
Many consumers in Tennessee and throughout the country find themselves overwhelmed by their mounting financial obligations. Whether it is due to credit card usage, predatory payday or auto title loans, medical bills, or an unexpected job loss, some people may wonder...
What a trustee does in a Chapter 13 case
When a debtor chooses to file for bankruptcy, a trustee is assigned to oversee the case. This is because the debtor's property is put into a bankruptcy estate, which is a separate entity from the person who is filing for bankruptcy. This is generally true whether a...
Refinancing a home loan during or after bankruptcy
Homeowners in Tennessee might be allowed to refinance their mortgages after emerging from Chapter 7 or 13 bankruptcy. This assumes that those who file for Chapter 7 bankruptcy are allowed to keep their home during the liquidation process. The type of bankruptcy that a...
When the bills for recent holiday shopping endeavors come due
Dealing with significant levels of credit card debt can be a stressful and intimidating process under any circumstance. Unfortunately, there are a variety of scenarios in which it can be all too easy to rack up high balances on your accounts, and the severity of the...
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