Bankruptcy Personal Exemptions Raised to $10,000 in Tennessee

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"Chapter 13", bankruptcy, Chapter 7, exemptions

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 […]

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bankruptcy sale, Chapter 11, nashville, sabre, Section 365

Nashville arms dealer Sabre finds itself in the midst of a fight over who will end up with the company’s assets. Its principals have been indicted for gun trafficking and are awaiting extradition from the UK. Not to worry, while the officers may be fighting criminal extradition, the battle rages for the actual assets of […]

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bankruptcy, borders, business strategy, Chapter 11, knoxville bankruptcy, sevierville, tax lien

I reported on this site a month ago that big time book seller Borders was on the verge of filing bankruptcy. The Wall Street Journal reported Saturday that it is likely that Borders will file a Chapter 11 on Monday or Tuesday. It’s likely that the case is being filed sooner rather than later because […]

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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 […]

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