Filing for chapter 7 bankruptcy may give you a fresh start, but if you do not make some changes, you could find yourself in financial trouble sometime in the future. The good news is there are a number of steps you can take to get you back on track. Making necessary...
Chapter 7
Understanding Tennessee bankruptcy exemptions
Tennessee law allows you to keep some personal assets if you file for bankruptcy. You can access debt relief without losing the life you have worked hard to build. Review the exemptions you can retain if you file for bankruptcy in Tennessee. Homestead exemptions The...
An option to consider if rental assistance does not help
Individuals experiencing serious financial hardship from a job loss may qualify for temporary rental relief. According to the Nashville Tennessean, a household may receive up to one year's worth of financial aid to pay past due rent. If an individual still finds it...
Will bankruptcy affect my tax refund?
When you file Chapter 7 bankruptcy, it seems to turn your finances upside down. There are many rules that you must follow or you could end up in trouble with the court. The trustee in your case will give you instructions on various things, and what will happen with...
Will I lose my home with Chapter 7?
Separating fact from fiction is vital when you are going through the bankruptcy process. While bankruptcy can represent a fresh start, the rumors surrounding the process can be frightening. For instance, many Americans believe that they will automatically lose their...
3 ways Chapter 7 bankruptcy provides relief to debtors
Misconceptions plague bankruptcy, spawning fear in the hearts of many who might otherwise benefit from it. Among these fallacies are that if you file for bankruptcy, your credit will be forever ruined and you will lose everything you have. The reality is that...
The immediate relief through bankruptcy and how to rebuild
When struggling with debt, it can be difficult to think positively about your future finances. If you choose to file for bankruptcy, you may worry about the hit to your credit score or the debts that bankruptcy cannot discharge. When you discharge other debts, it can...
Mental hardships and the bankruptcy process
Whether you are struggling with dementia, have an anxiety disorder or are facing mental challenges due to a recent head injury, there are many ways in which your mental state can disrupt your life. If you plan on filing for bankruptcy or are already in the middle of...
How are Chapter 7 and Chapter 13 different?
If you find yourself without a job due to the recent economic downturn and consequently facing serious financial difficulties, you may have begun thinking about filing bankruptcy. However, you likely have numerous questions about the types of bankruptcy relief...
Bankruptcy: getting to the bottom of it all
Bankruptcy is a beneficial solution to many people in Tennessee who seek immediate relief from overwhelming debt. However, if those people neglect to analyze their situation and implement changes to their financial habits, they may find themselves in a similar...