If I file a bankruptcy in Knoxville will I get a discharge?
So what does a bankruptcy discharge mean?
I get both of these questions often, so I’ll explain it in the video below.
If you need more info, just give us a call at 865-246-1050 for a free consultation.
One of the more frequent questions a person considering filing bankruptcy asks is, “Can you include past due utility and cable bills in my bankruptcy?”
The simple answer is yes. But you’ve got to know more.
There are basically two types of bankruptcies most individuals file- a Chapter 7 or a Chapter 13.
The Bankruptcy Code requires you to list all your debts (the people you owe) and all your assets. This will include past […]
Are your bills mounting? You’ve paid minimum payments for months and months, but you never seem to get caught up, much less ahead.
Perhaps you’ve received a notice of foreclosure or repossession? Maybe you have been served with a lawsuit.
If one or more of these things have happen to you, perhaps its time to consider a Chapter 7 bankruptcy.
As a Knoxville Bankruptcy Attorney, I’m proud to say that the US Congress has declared our firm to be a “Debt Relief Agency.”
Why? Because we help people file bankruptcy.
After over 25 years filing bankruptcy cases of every kind, […]
Just got your notice of the date for your Chapter 13 Meeting of Creditors?
I got a call from a client yesterday. She had just gotten her Notice for the Chapter 13 Meeting of Creditors. She asked, “Should I be worried?”
The short answer to that question is, “NO.”
Since I go to Creditors Meetings every week, that’s pretty easy for me to say. Allow me to dispel some of the fear of a
I’m often asked, “Do I have to disclose that?” The question arises when folks are trying to come up with a plausible way to conceal an asset that has special value either in money or otherwise.
The answer is always, “In bankruptcy, you better disclose all your assets to the Chapter 7 Trustee.” The Bankruptcy Code requires the debtor to make a full and complete disclosure of all assets and all liabilities in the bankruptcy papers. Coupled with that requirement is the requirement to disclose all transfers […]
All of us know that we should never, never, never drive an automobile after having a drink or six. Unfortunately, sometimes after drink No. 2, the rational part of you leaves you entirely. I saw this picture in a post on Alltop.com and it made me think about avoiding a DUI conviction in Tennessee. Now the Alltop.com article is about how to avoid a ticket of any kind. Understand
When your Chapter 13 bankruptcy begins, the payments under your Chapter 13 plan are based upon the secured debt you owe and the amount of money you have as “disposable income.” Your “disposable income” must be committed to repayment of your debts over between 3 and 5 years.
Well, LIFE HAPPENS!
Your job changes; you get sick; your car is totaled.
So what happens now? You will need to modify your plan. So what do you do?
First, contact your attorney. […]
Chapter 13 bankruptcy is a key tool to help you stop forelcosure and keep your home. The moment you file the Chapter 13 bankruptcy, the creditor (and its lawyers) must stop foreclosure and any other collection activity.
So how to save your home? Your Chapter 13 Plan will provide a mechanism to make up past due payments over the life of the plan which is between 3 and 5 years. This way the burden on you in catching up the payments […]
The short answer to the question of whether you have to be a resident of Tennessee in order to file bankruptcy in Tennessee is: YES, but . . .
You don’t have to be a resident very long however. You’ve got to be a resident of the state in which you file your bankruptcy case for at least 90 days before filing your petition.
However, if you haven’t lived in Tennessee for 90 days, then you can file in the state where you resided (or had your principal place of business) […]
If you have a small business and you are struggling financially, no doubt you’ve considered filing a Chapter 7 bankruptcy. If the business is operated through a corporation, then for the business to get bankruptcy protection, a corporate bankruptcy would need to be filed.
You can consider filing a Chapter 11 Reorganization or a Chapter 7 Liquidation. A Chapter 11 bankruptcy should be filed only if there is a realistic opportunity to turn the business around. After filing many, many Chapter 11 […]
