Category: Chapter 7 Bankruptcy
Overcoming reservations in filing for Chapter 7 Bankruptcy
There are many families in Tennessee who are constantly struggling under the weight of overwhelming amounts of debt. In the pursuit of relief, some may wish to explore the benefits of filing for Chapter 7 Bankruptcy, but they might have concerns that the process will only make matters worse. However, such concerns might be unnecessary,
Proposed changes concerning student loans in Chapter 7 bankruptcy
With the ever-increasing costs associated with college tuition, the price of pursuing a higher education has left many facing prolonged periods of monetary struggle. When coupled with other forms of debt, such as credit card and medical bills, high amounts of student loan debt could leave a person in Tennessee living a lesser quality of
Seeking guidance on what to expect re Chapter 7 bankruptcy
Many individuals in Tennessee and elsewhere have experienced prolonged periods of financial strain. Unfortunately, those in search of relief from similar issues may be hesitant to consider certain options, perhaps out of uncertainty of how their financial futures will be affected. By gaining a better understanding of the process of filing for Chapter 7 bankruptcy,
Chapter 7 Bankruptcy is not an end, but it is a new beginning
Life after bankruptcy in Tennessee and other states can be better than it was before the bankruptcy. Contrary to urban legends and exaggerated rumors, one is not prevented from having financial accounts going forward. The main feature of the aftermath of a Chapter 7 bankruptcy is instead the peace of mind that comes from erasing
Is there a racial component to Chapter 7 Bankruptcy?
Financial strain can happen to any Tennessee resident, regardless of race, gender, age or other classification. According to researchers, however, some consumers may be treated differently than others when it comes to seeking Chapter 7 bankruptcy or other bankruptcy protections. Understanding these issues can help consumers find the right resources to guide them through the
Chapter 7 bankruptcy for home-based businesses
It appears that many women who operated home-based businesses centered on selling Lularoe products have filed for bankruptcy. At least 24 Chapter 7 bankruptcy cases have been identified where the filer listed Lularoe as the business entity or part of the filer’s home-based venture. For those in Tennessee who own and operate a business from home, a
Taking care to prevent accusations of Chapter 7 bankruptcy fraud
Faced with mounting debt and a limited ability to repay those obligations, many Tennessee residents will consider seeking bankruptcy relief. For most, that process will be completely unfamiliar. Having never gone through a bankruptcy filing in the past, most consumers find the paperwork and other aspects of Chapter 7 bankruptcy overwhelming. While moving through the
Is Chapter 7 bankruptcy advice held back from some?
A recently published article takes a disturbing look at how bankruptcy services are made available to individuals who are in dire financial straits, and the picture that is painted is one of unfair treatment toward African Americans. The report focused on how African American residents in one Tennessee city were not counseled on their options
Can Chapter 7 bankruptcy save an inheritance?
Many Tennessee residents will encounter some form of severe financial difficulty at one time or another. The timing of that misfortune can make a world of difference in one’s financial future. In fact, without careful planning, it is possible for an individual to lose the entirety of his or her inheritance. A well-timed Chapter 7
Weighing Chapter 7 bankruptcy against debt settlement
For those in Tennessee who are burdened with heavy loads of debt, there are several available options to find relief. One involves filing for Chapter 7 bankruptcy, a process that is never one’s first choice. Another option is pursuing debt settlement, which is a path that may seem very appealing to many consumers. It is