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July 2016 Archives

Tennessee residents may want to learn about Chapter 7 means test

In order to file for bankruptcy, individuals must first qualify. For Chapter 7, a means test must first be passed. This test utilizes personal information pertaining to income, expenses and other financial and personal factors to determine whether an individual will qualify. If Tennessee residents are worried about passing such a test, it may assuage their apprehensions to understand that the majority of individuals seeking this chapter of bankruptcy pass the test easily.

Bankruptcy may be useful to Tennessee residents with medical debt

Facing medical debt is an issue that affects many Tennessee residents. The costs of treatments may cause individuals to wonder whether they could be treated without having to contend with serious financial burdens. Luckily, if patients do find themselves in stressful positions due to medical expenses, they could potentially qualify to have those debts discharged through bankruptcy

Christian Laettner Chapter 7 case may interest Tennesseans

It is not uncommon for individuals to become resistant to situations if they feel they have been pushed into a corner. Even if a potential suggestion could be beneficial, Tennessee residents may balk at an idea if they feel they are being forced into the decision. Some individuals may feel such opposition if they are faced with an involuntary Chapter 7 bankruptcy petition. However, bankruptcy could prove valuable to those struggling with considerable debt. 

Chapter 7 may help with student loan debt in Tennessee

Many individuals facing student loan debt may feel as if they will be stuck with it for the rest of their lives. It is not unusual for this type of debt to consist of hundreds of thousands of dollars, and some Tennessee residents may begin to wonder whether the education was worth the cost. However, rather than thinking in such a manner, parties may wish to look into potentially discharging the debt through Chapter 7 bankruptcy.

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