Under the law, businesses can be recognized as legal entities and, therefore, may have certain rights when it comes to seeking bankruptcy protection. For example, a Tennessee business that has overwhelming debts and cannot turn a profit to repay those obligations may...
Year: 2018
Chapter 13 bankruptcy may help stop foreclosure
The loss of a family home to foreclosure can be a nightmare for a Chattanooga resident. Not only must they struggle to find a new place for their loved ones to live, but they must also contend with the serious financial repercussions that can follow foreclosure...
Medical debt can have a huge impact on credit score
Many medical procedures cannot be avoided. When Tennessee residents must undergo surgeries or other treatments to save their lives and maintain their health, they may not have money saved to take care of the bills they will later receive. This can cause patients to...
Protecting financial health when medical debt becomes a problem
Each day presents new opportunities and experiences for the residents of Chattanooga. While many individuals may embrace the positive events that happen in their lives, they may also fear the repercussions that accompany the negative happenings that afflict them and...
What are bankruptcy exemptions?
Working through a bankruptcy from filing to discharge may seem daunting for a Tennessee resident. For example, under Chapter 13 bankruptcy, a debtor may have to find a way to commit much of their disposable income to the repayment of their debts. Under Chapter 7...
What is the means test of Chapter 7 bankruptcy?
Different paths to bankruptcy relief exist because not all individuals experience the same financial challenges and difficulties. As such, a Tennessee resident who is confronting significant financial hardship may elect to file for Chapter 7 bankruptcy or Chapter 13...
An explanation of Chapter 13 debt discharge
Tennessee residents use the bankruptcy process to alleviate burdensome and sometimes overwhelming debts that they accumulate over time. For individuals who earn steady incomes, Chapter 13 bankruptcy can be a useful tool. It allows debtors to create repayment plans...
Out of network medical care can lead to exorbitant medical bills
Tennessee residents who have health insurance may be familiar with the concept of "in-network providers." If a doctor, hospital, or medical office is in-network, then that provider has a contractual relationship with the patient's insurance carrier. Insurance...
Can I stop harassment about my credit card debt?
If a person falls behind on their payments for a financial obligation, such as credit card debt, they may receive notices from the lender who has backed the delinquent obligation. Hamilton residents may receive letters, phone calls, and emails about the status of...
What debts will I still have to pay off after Chapter 7?
It is a common misconception that achieving a bankruptcy discharge will wipe out all of a Tennessee resident's outstanding debts. In fact, a number of debts will survive the bankruptcy process and will remain liabilities for the individual to repay even after they...