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Filing for bankruptcy is a big decision. It can also be a confusing one, because there is so much misinformation out there about bankruptcy and what happens after filing for one. Worse, even when the information is not actually wrong, it can ignore important nuances such…
When Tennessee residents are experiencing financial difficulties, they may worry about losing their personal property. When people file for bankruptcy, especially, they may know that some property can be sold to help pay back debts. Or, in the case of secured property, people may realize that…
When someone in Tennessee files for bankruptcy the bankruptcy court assigns a trustee to the case. The job of a trustee varies depending on whether a person files for Chapter 7 or Chapter 13 Bankruptcy. In a Chapter 7 Bankruptcy, the trustee identifies assets owned by…
Readers in Tennessee may be interested to hear that the wife of former NASCAR driver Jeremy Mayfield recently filed for Chapter 7 bankruptcy. She filed for bankruptcy protection independent of her husband, listing liabilities between $1 million and $10 million and assets up to $50,000. She…
Even though the economy is beginning to recover, it seems as though no one was left unaffected by the recession. This is indicated by rapper Young Buck’s recent decision to file for Chapter 7 bankruptcy in a federal court located in Tennessee. Included in the rapper’s…
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