When filing for bankruptcy, particularly Chapter 7, you don't need to sell all your property to pay creditors. Some properties are exempted from bankruptcy. However, while there are federal exemptions, each state, including Tennessee, has its own set of exemptions....
Month: August 2023
3 ways people may modify their loans during Chapter 13 bankruptcy
There are multiple reasons why someone might pursue a Chapter 13 bankruptcy instead of a Chapter 7 filing. Their income may be too high to qualify for Chapter 7 proceedings. They may have enough personal assets that they worry about the possible liquidation of some of...