When a consumer in Tennessee files a chapter 13 bankruptcy petition, the court typically appoints an impartial trustee to administer the case. After a payment plan is approved by the court, the appointed trustee is responsible for collecting payments from the debtor...
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Chapter 13
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Mother of Olympic gymnast utilized Chapter 13 protections
Tennessee readers might be surprised to learn the identity of one consumer's Chapter 13 bankruptcy filing. The woman, who utilized the bankruptcy code's legal protections in order to avoid foreclosure and other enforcement collection actions against her, is the mother...
Tennessee bankruptcy filings may be declining
According to a recent report, the number of consumers filing for bankruptcy or seeking other court protection from creditors declined by 13% in the first half of 2012. That's good news for consumers in Tennessee, which at 6.99% ranks among the top 5 states in the...
