Student loans often comprise the largest debts other than mortgages that people carry. Many people graduate with tens (or hundreds) of thousands of dollars in student loans. In some cases, they may spend their entire working life paying those loans off. Their payment...
Chapter 13
Can I convert my Chapter 13 bankruptcy to a Chapter 7?
When you decided to file for bankruptcy, you chose Chapter 13 to be able to save your car and your home. Since then, however, you got laid off from your job and can no longer afford to make the monthly payments that you agreed to pay your creditors. What can be done...
What are the benefits of Chapter 13 bankruptcy?
We all know that bankruptcy helps people struggling with a severe financial burden, but did you know that there are multiple forms of bankruptcy? Each option benefits the applicant in different ways and can result in a unique outcome in the future. If you are...
Could COVID-19 lead to more bankruptcies?
Medical bills are already a debilitating burden for many Americans. An estimated two-thirds of all bankruptcies are due to medical reasons – either high costs for care or work time missed – according to CNBC. What’s more, every year more than half a million families...
How many times can a person file for Chapter 13 bankruptcy?
While most people may hope to never have to file for personal bankruptcy during their lifetime, others may successfully use bankruptcy to turn around their financial misfortunes. In the event that they stumble back into monetary troubles after receiving their Chapter...
Who can file for Chapter 13 bankruptcy?
While many Americans may be moving through 2019 and holding strong to the financial resolutions that they made as the New Year came into being, others may be struggling to pay down their debts as they fight to keep their heads above the economic waters. Some debt...
A discussion of disposable income related to a Chapter 13 claim
When a Chattanooga resident files for Chapter 13 bankruptcy they will be expected to use some of their income to pay off their debts over time through the execution of a repayment plan. As such, a person must have some disposable income that they can dedicate to this...
What happens at a meeting of the creditors?
Filing for Chapter 13 bankruptcy is the beginning of a lengthy legal process that may force an individual to face difficult truths about their financial situation. For example, one of the requirements of moving through the process that a Tennessee resident must...
Options when a repayment plan is not confirmed by the court
There are many procedural steps that must be met in order for a Tennessee resident to successfully implement the repayment plan that they create through their Chapter 13 bankruptcy filing. Their plan must be feasible for them to follow and it must properly prioritize...
Take charge of your debts in the New Year
With the holidays rapidly approaching and credit cards getting used with vigor, Tennessee residents may be afraid to see their bills in the New Year. It can be easy to let the spirit of giving drive one's desire to buy presents for the people who they love and who are...