Struggling with debt can be overwhelming. Chapter 13 bankruptcy is one option that is available to provide relief from the stress associated with overwhelming debt. Chapter 13 bankruptcy is considered a 'reorganization bankruptcy' that allows the filing party to...
Chapter 13
What are the benefits and shortcomings of Chapter 13 bankruptcy?
Last week this Tennessee bankruptcy law blog explored some of the advantages and disadvantages of filing for Chapter 7 bankruptcy. This week's topic addresses the benefits and shortcomings of Chapter 13 bankruptcy for American consumers. Though the information...
We help individuals take charge of their overwhelming debts
Tackling a major project can be a challenge for individuals who struggle to look at each step and who cannot see past the totality of everything that must be done. Tennessee residents who become overwhelmed when working through difficult tasks may flounder when faced...
Facing financial challenges with a Chapter 13 bankruptcy filing
Not everyone who is facing financial challenges is drowning in debt with no means of income to repay it. There are thousands of Americans who earn a decent income, but what they earn simply isn't enough to keep up with even minimum payments on debts. Tennessee...
Do I have to file for Chapter 13 bankruptcy with my spouse?
When financial challenges affect you, those challenges often have a way of also affecting your family. Whether you are married, a parent, or both, you may find that your hardships are difficult to insulate from your loved ones. So, how can such situations be handles?...
Can a business file for Chapter 13 bankruptcy?
A legal entity does not have to be an individual person. In Tennessee and throughout other jurisdictions in the United States, an entity can be a business, corporation or other form of legally-created body. Non-human legal entities can have some legal rights,...
Who is involved in a repayment plan under Chapter 13 bankruptcy?
Several parties may be involved when a Tennessee resident chooses to submit a repayment plan under a Chapter 13 bankruptcy filing. The debtor, of course, must commit to providing periodic payments toward the satisfaction of the person's full or reduced debts. The...
Chapter 13 bankruptcy is not available for all parties
Bankruptcy law covers a myriad of different processes that individuals, both private and corporate, can use to protect themselves from the collection and repossession efforts of their creditors. Many Cleveland residents know that Chapter7 bankruptcy and Chapter 13...
Foreclosure help may be available to struggling homeowners
The personal bankruptcy process can serve a number of different purposes to help individuals and families achieve a fresh financial start. Personal bankruptcy options can provide debt relief and may also help a family struggling to save a family home from foreclosure....
Filing for Chapter 13: Process for debtors
When debt becomes too great for Tennessee consumers to handle, Chapter 13 bankruptcy is a viable option. Chapter 13 does not eliminate debt like Chapter 7, however. Rather, it allows consumers to pay off debt over an extended period of time so they can hold onto their...
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