"Chapter 13", Chapter 7, full disclosure, indictment, knoxville bankruptcy
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 […]
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 […]
automatic stay, bankruptcy, Chapter 7, knoxville bankruptcy, small business
Knoxville bankruptcy attorney Dan Scott says there is no discharge available in a corporation's Chapter 7 bankruptcy. He gives 4 reasons a corporation might decide to file a Chapter 7 bankruptcy. There is some help for a small business owner.
It’s not just individuals who are facing a decision as to whether to file bankruptcy. Just a few months ago the Office of Thrift and Supervision entered a Cease & Desist Order against Birmingham based Superior Bank. The 73 bank company was once a thriving operation. However, for the last seven quarters the bank reported […]
Should I file bankruptcy in Knoxville? As the calls keep coming, the court papers are delivered to your work, you ask yourself, "Should I file bankruptcy?" Knoxville bankruptcy lawyer Dan Scott lists 4 things to consider in making the decision.
Recently the National Bankruptcy Research Center reported that bankruptcy filings were down in February as compared to the same period in 2010. Obviously they’ve taken their numbers from the numbers actually reported in the Federal Bankruptcy Court system. What troubles me is that there seems to be more and more foreclosures of homes in Knoxville, […]
How Often Can I File For Bankruptcy? This question is simply put, but I seldom hear it asked. No one wants to file bankruptcy one time, much less multiple times. Here’s how I often hear the question framed: “I filed bankruptcy in 2006, will another bankruptcy help me save my home?” If you need bankruptcy […]
The New 10k Exemption for Personal Property The purpose of bankruptcy is to take care of your debts by liquidating your assets. In case of Chapter 7, most of the assets and properties are exempted under Federal or State law. Although, there is a federal exemption law in the US, most states have their own […]
So here’s the choice, bow down to the new Federal Health Care law or be saddled with all health care costs until you leave this planet. Is that a reasonable option? Oregon’s Representative Peter Defazio believes that it is. Just this week Representative Defazio floated the idea that one way around the recent court decision […]