Tennessee residents who are struggling with serious debt issues know that financial problems can affect a person’s life every day. Even if they do not spend money that day or have an obligation to meet, their debt is often lingering in the back of their mind no matter...
Chapter 13
How Chapter 13 bankruptcy helps stop foreclosure
As this blog has mentioned previously, when family in southeastern Tennessee files for bankruptcy protection, they get the benefit of having immediate relief from all debt collection efforts, which includes foreclosures.However, at least in a Chapter 7 bankruptcy, the...
We can help small businesses recover from financial distress
A previous post on this blog discussed how small southeastern Tennessee business owners who operate in their individual names can get help with their business debts through a Chapter 13 bankruptcy. This is because these debts are usually in the business owner's...
More on using Chapter 13 bankruptcy for business debt
A previous post on this blog mentioned that certain business owners may be able to use Chapter 13 bankruptcy to manage their business debts and therefore save their small business enterprise from having to close.As this blog has mentioned previously, a Chapter 13...
How we can help get you a manageable repayment plan
As this blog has previously discussed how Chapter 13 bankruptcy requires a financially struggling family to make regular monthly payments on their debts, some Tennessee residents may be wondering what exactly can be done to make sure the payment plan is manageable for...
What are some advantages of Chapter 13 bankruptcy?
Many people in Bradley County and throughout the southeastern corner of Tennessee may wonder what advantages there are to filing a Chapter 13 as opposed to a Chapter 7 bankruptcy. After all, the more common Chapter 7 bankruptcy involves a quicker process that can give...
How does stripping off a lien work in Chapter 13?
One of the advantages to Chapter 13 bankruptcy is that, for certain types of secure loans, a struggling family can actually improve their financial position by "stripping off" a lien, which is a completely legal process that involves converting what was a secured...
The right approach to Chapter 13 bankruptcy
For some people in Bradley County, Tennessee, or in other parts of the greater Chattanooga metro area, the prospect of having to file a Chapter 13 bankruptcy is not good news for a struggling family, yet the family does not have much of a choice because they make a...
How does the federal “means test” work?
Many people who live in Cleveland or in other parts of Bradley County, Tennessee, and who are facing financial challenges, may be frightened by the federal "means test" that is used in most family bankruptcy cases. But, residents should not fear this test.The means...
How is property protected in a Chapter 13 bankruptcy process?
Bankruptcy can be a reorganization option for individuals. However, in order to use this bankruptcy type, filers must have a reliable source of income. Those seeking to reorganize their debt and enjoy a fresh financial start at the end of the process should consider...
Begin a free consultation:
our office location:
Richard Banks & Associates, P.C.
393 Broad Street Northwest
Cleveland, TN 37311
Toll Free: 866-596-8527
Phone: 423-244-0009
Fax: 423-478-1175