Chapter 7

Many more Tennessee residents than usual have been relying on credit cards to make ends meet this year. They can be a great lifeline when needed, but they can also be a significant source of stress when the balance keeps growing and interest charges keep adding up --...

Fear often prevents one from taking action. Yet, by not taking action, the problem remains and the fear and stress associated with it continues to build. The fear associated with filing for Chapter 7 bankruptcy often causes the Tennessee resident to continue sinking...

If you have missed a series of payments resulting in delinquent accounts, then you understand just how persistent creditors can be in demanding payments on your debts. That being said, a progression of time or lack of communication with the creditors does not make...

Bankruptcies have fallen to a 10-year low in Tennessee, but the state still leads the nation in bankruptcy overall. A Jan. 15 report states that Chattanooga saw the lowest number of bankruptcies in over a decade while local foreclosures also hit the lowest numbers...

If you're considering bankruptcy, you know that there are upsides and downsides to filing. A bankruptcy can give you a new start, but it can also impact your credit. Is it a good idea? Here are some pros and cons to consider.What are some benefits of Chapter 7...

A Chapter 7 bankruptcy can change your life, and although it may seem negative at first, that change can be a positive influence on your financial future. A Chapter 7 bankruptcy allows you to liquidate assets to pay off your debts, and there are protections in place...

If you decide to declare Chapter 7 or 13 bankruptcy, it's a major decision that you are making for your financial welfare. It's possible that this is the best way to move forward to tackle your debt and get into a better financial spot, particularly if you don't think...

If money is tight and you're falling behind on debts, then you may be considering bankruptcy. Before you can be approved, you need to take a bankruptcy means test to make sure you'll be able to apply.What is the bankruptcy means test? The bankruptcy means test...

Chapter 7 bankruptcy is a type of bankruptcy most commonly heard about and referred to when you consider what bankruptcy is. However, it's not the only type. In fact, Chapter 7 is just one of many kinds, from Chapter 11 to 13 or others.Chapter 7 bankruptcy is...

Chapter 13 and 7 bankruptcies are different in a few ways. For instance, Chapter 7 bankruptcy is known as liquidation bankruptcy, because you must liquidate many of your assets during the process. Chapter 13 works differently, because you make a payment plan with your...