For most seniors living in Tennessee, filing bankruptcy is not an option automatically considered. If you struggle living on a fixed income and have a large amount of debt, you may have options. At Ben Sissman, Attorney at Law, we often assist clients filing for...
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Chapter 7
How can a secured credit card help rebuild credit?
If you are one of millions of Americans in Tennessee or elsewhere who has gone through Chapter 7 or Chapter 13 bankruptcy, you may be going through the process of trying to rebuild your credit. However, many people who have poor credit are often caught in a conundrum:...
Facts about the automatic stay in bankruptcy
Falling behind on payments and spiraling deeper into debt is not a choice that many people make. Often, their financial circumstances are the result of a myriad of factors, such as medical emergencies or having more financial obligations than income. Regardless of why...
Which type of bankruptcy is best for a small business?
Many Tennessean's dream of starting their own businesses, and if you have something good going for you, hopefully, it stays that way. Occasionally, however, something can happen to put you into debt. A medical emergency in the family that needs to be paid for, a...
Will you lose your home in Chapter 7 bankruptcy in Tennessee?
For many people, the biggest deterrent from seeking Chapter 7 bankruptcy relief is the potential to lose all of their assets. Often, the foremost concern is whether you can retain your primary residence during a Chapter 7 bankruptcy. Unlike Chapter 13, which includes...
Is Debt Preventing You From Saving For Retirement?
We all know that everytime we pay a bill, that's one less payment we make into our own retirement fund. One of the forgotten benefits of bankruptcy is that you can pay yourself, rather than your creditors. People often forget that the payment they don't make to the...
Chapter 7 may help Tennessee residents with considerable losses
In many cases, individuals who are facing overwhelming debt could be looking at seemingly insurmountable amounts in due balances. When exploring ways to deal with these liabilities, many individuals may wish to look into Chapter 7 bankruptcy. Tennessee residents may...
Bankruptcy can stop creditor harassment over credit card debt
Many consumers in Tennessee and other states are harassed by debt collectors every day. Reportedly, the Consumer Protection Financial Bureau is working on overhauling the rules related to debt collecting and the limits placed on collection agencies. The bureau says a...
Chapter 7 may be the answer for some Tennessee residents
Bankruptcy is a debt management option that many Tennessee residents may have considered at one point or another. Chapter 7 is the most common form of bankruptcy, and its liquidation process has allowed numerous individuals to get back to financial stability. As such,...
The Cost of Filing Bankruptcy Versus the Growing Cost of Not Filing
Filing for bankruptcy is never an easy decision to make. When creditors are calling and bills are left unpaid, it's hard to imagine a way to pay for an attorney and legal fees on top of everything else. However, the expenses of filing for bankruptcy may be less than...