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...

"Straight bankruptcy" is just another name for Chapter 7 bankruptcy and the process that goes along with it. Readers of this Tennessee debt relief and bankruptcy blog may know Chapter 7 bankruptcy to be the process of liquidating one's personal assets in order to pay...

It is easy to assume that if a person wins the lottery that they will be set up for financial success for the rest of their life. In fact, if a Tennessee resident wins big and pockets millions of dollars in a lottery windfall, then they may foresee a future where...

Many Chattanooga residents take out student loans in order to finance their higher educations. However, at present it is very difficult for Tennessee residents who hold federal student loans to eliminate those burdens in bankruptcy. That is because in order to do so,...

In order to determine if a person will qualify for the protections offered from Chapter 7 bankruptcy, he or she must carefully review a number of factors related to their financial situation. In order to successfully perform this analysis many individuals in difficult...

Filing for bankruptcy can help Tennessee residents get a fresh start on their financial lives. Whether they became saddled with debt they can't pay through loss of a job or unexpected expenses, such as sudden illness, a Chapter 7 liquidation may be able to get them...

Tennesseans who have reached the point in their financial struggles that they decide to move forward with a Chapter 7 bankruptcy must be aware of certain facts about filing. For example, there might be a misplaced belief that the debtor is automatically entitled to a...

In the past two articles, we have provided an overview of Tennessee bankruptcy discharge and discussed property exemptions. Today's post will address a two-part question: does a debtor have the right to discharge debt; and to what extent, if any, can a creditor object...

Tennesseans buried in a deep debt hole likely have heard of Chapter 7 bankruptcy, an option that can seemingly make debt disappear as if it never happened. But what is Chapter 7 and just how thoroughly does it erase a debtor's ledgers? To learn more, read on. Chapter...

Filing for bankruptcy can be a difficult decision for some Tennesseans. It's a big decision; it can come with some stigma. But in many instances bankruptcy is the right choice for putting a tough time in the rear-view mirror and getting on with one's life. Below are...