If you are a Tennessee resident struggling with credit card debt, you may be contemplating Chapter 7 bankruptcy as a last resort for discharging your debts and getting back on your financial feet.While you are correct that a Chapter 7 bankruptcy discharges virtually...
Chapter 7
Alternatives to reaffirmation of debt
A previous post on this blog talked about when a Bradley County, Tennessee, family might consider signing a reaffirmation agreement, which, as that post discussed, means that the reaffirmed debt is not affected by the bankruptcy. Some people may balk at signing...
Should you sign a reaffirmation agreement?
When a Bradley County, Tennessee resident has to file bankruptcy, they often have several debts secured by collateral, or property the debtor owns but promises the bank or financing company can have if the debtor does not make good on his or her loans.As previous...
Are business owners subject to the “means test”?
A previous post on this blog discussed how a bankruptcy can help a sole proprietor, that is, a person who conducts business in his or her own name and does not incorporate, manage their business debts and keep their enterprise afloat while they reorganize.Bankruptcy...
Resolving tax debts through bankruptcy
As this blog has reported previously, a Chapter 7 bankruptcy, which most people think of when they think of filing for bankruptcy, is a good way for a Tennessee family who are struggling with different kinds of debt to get a fresh financial startContrary to popular...
Let us help you make short work of medical debt
A previous post on this blog discussed encouraging statistics showing that the number of bankruptcies has dropped, and some of this drop may be that more residents of Southern Tennessee and Northern Georgia have better health insurance that protects them from sudden...
How do I qualify for Chapter 7 bankruptcy?
This blog recently discussed some of the relief Chapter 7 bankruptcy may provide for individuals struggling with overwhelming debt. Those considering bankruptcy options to help them enjoy a fresh financial start may wonder how they can qualify for Chapter 7...
Legal options may be available to stop wage garnishment
When struggling with overwhelming debt, one of the worst circumstances that an individual can face is having their wage garnished. Wage garnishment can be extremely stressful for individuals already struggling to manage debt, get caught up on payments and get ahead of...
Chapter 7 exemptions may address concerns of filers
The decision to file for personal bankruptcy is likely not one that is taken lightly and can include some understandable anxieties and apprehensions. It is helpful for individuals considering filing for Chapter 7 liquidation bankruptcy to be familiar with the process...
The bankruptcy process can help with wage garnishment
It can be overwhelming to be facing overpowering debt. Then add to the stress by including wage garnishment to an already challenging circumstance. It can already be stressful to try to address debts, monthly bills and other financial concerns prior to the added...
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