Ben Sissman, Attorney at Law
Free Consultation 901-730-4958
Toll Free 866-788-0394
Legal Services

Chapter 7 could help Tennessee residents move forward

Many Tennessee residents have likely faced the difficulties that come along with financial struggles. In many cases, these struggles result from substantial debt that leaves little room for monetary flexibility. If individuals would like to take a step toward ridding themselves of most or all of such debt, they may wish to consider filing for Chapter 7 bankruptcy.

One man in another state recently took such action in order to address his finances. The man is reportedly a neurologist who is currently facing legal troubles due to suspicions surrounding his prescribing of opioids. The investigation resulted from over 64 patients dying of apparent drug overdoses over a five-year span. As a result, the man's medical license was revoked. However, it is unclear whether this revocation may have contributed to his financial distress.

Nonetheless, the man recently filed for Chapter 7 bankruptcy. Reports indicated that he was facing nearly $600,000 in debt liabilities with only $366,000 in assets. As a result of his filing, the man's assets will be liquidated in order to repay his debts. Specific creditors were not given in the report, so it is unclear how those liabilities break down as far as who is owed how much. 

The man in this case presumably took the best option for his debt predicament. If Tennessee residents would also like to move toward getting a better handle on their debts, they may wish to consider bankruptcy themselves. Chapter 7 is a common form of bankruptcy that could help qualifying individuals get their finances back on track and work toward a more stable financial future.

Source: wvgazettemail.com, "Charleston neurologist files for bankruptcy", June 10, 2016

No Comments

Leave a comment
Comment Information

Office Location

Ben Sissman, Attorney at Law
44 North Second Street, Suite 403
Memphis, TN 38103

Phone: 901-730-4958
Memphis Law Office Map

Let's Start By Discussing Your Debt

Bold labels are required.

Contact Information
disclaimer.

The use of the Internet or this form for communication with the firm or any individual member of the firm does not establish an attorney-client relationship. Confidential or time-sensitive information should not be sent through this form.

close

Privacy Policy