Life After Bankruptcy: 7 Keys to Success

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You didn’t want to file bankruptcy. In fact you probably waited too late. Last week I met with a couple that withdrew money from their 401(k) hoping to avoid filing a Chapter 7 bankruptcy. Now, 6 months later, we will file a case for them. So you’ve done everything you can to avoid bankruptcy, but […]

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The whole idea of bankruptcy is premised upon an equalization of the playing field and giving the debtor a fresh start. The playing field is equalized by preventing one creditor being paid in advance of another. This is called a “preference” under Section 547 of the Bankruptcy Code. It plays itself out in this fashion. […]

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You’ve probably heard that Congress, at the behest of the credit card industry, re-wrote the entire bankruptcy law in 2005. One of the biggest changes was the requirement that all people whose debts are primarily consumer debts (remember the credit card companies) must go through what’s called the “means test.” The Means Test was designed […]

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By the time you are ready to file a Chapter 7 or Chapter 13 bankruptcy case you credit score is pretty low. This is because you’ve likely fallen behind on your bills over a period of months. When that happens the creditors report the delinquency to the credit bureaus. The result of these delinquencies is […]

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If you are like thousands and thousands of Americans you’ve got significant credit card debt and also a 401(k) or an IRA. If you phones are ringing constantly and it’s not your family or friends calling, it’s likely that you are getting harassed by credit card collection calls. When these calls continue and continue you […]

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I love going to the beach. For years me and my wife have enjoyed visiting Myrtle Beach, South Carolina 3 or 4 times each year. It’s hard to visit the beach without seeing a billboard or 20 touting attorney Harry Pavilack. He apparently does every kind of legal work known to man and is also […]

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I often meet with folks who are just downright afraid to seek the protection that a Chapter 7 or Chapter 13 Bankruptcy would give them. Usually those fears are based upon misinformation, untruths, and advice from well-meaning friends of family. I’ve lost count of the number of bankruptcy cases I’ve filed in Knoxville for people […]

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Forbes recently reported that more and more seniors cite high credit card debt, interest and fees as the reason that they filed a bankruptcy case. In fact, the report indicated that seniors have nearly double the amount of credit card debt than younger debtors when they file bankruptcy. Of course if you live in Knoxville, […]

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When Congress significantly re-wrote the bankruptcy code in 2005 it was believed, (or at least claimed), that the changes would prevent “abuses” of the bankruptcy system. As often happens with massive legislation the horror stories used to gin up the support for the “overhaul” often prove to be untrue. In this case, and in part […]

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"Chapter 13", bankruptcy, foreclosure

Tennessee Foreclosures NOT Halted by Bank of America If you were thinking of filing a bankruptcy in Sevierville or Knoxville you may have been excited when you heard that Bank of America announced on October 1, 2010 that they were delaying foreclosures in 23 states because they no longer have confidence in the process and how […]

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Life After Bankruptcy: 7 Keys to Success

Knoxville Bankruptcy Attorney Warns Against “Eve of Bankruptcy” Transfers

What Does the Means Test Mean to My Bankruptcy Case?

How Will My Bankruptcy Affect My Son’s Credit?

Should I Liquidate My 401(k) to Pay Credit Card Debt?

Successful Myrtle Beach Attorney and Investor Owes $72.5 Million and Seeks Bankruptcy Protection

Don’t Be Afraid to File Bankruptcy in Knoxville

Seniors File Bankruptcy in Knoxville Due to High Credit Card Debts

Bankruptcy Reform Act Does Little to Stem Tide of Knoxville Bankruptcies and Elsewhere

Sevierville & Knoxville Bankruptcy Still Need to stop Foreclosures