clawson's blog

If you're considering filing for bankruptcy in Tennessee, you are undoubtedly facing significant financial challenges. And, if you are like most people who ultimately file for bankruptcy protection, you may have been struggling with those issues for some time. So, it makes sense that you would be concerned about the costs associated with filing bankruptcy.

Costs of bankruptcy fall into several different categories, which include:

Tennessee is a non-judicial foreclosure state. That means that a lender can foreclose on a property in Tennessee without going to court. It also means that the foreclosure process can move very quickly compared with the process required in a judicial foreclosure state. 

For many homeowners, real property plays two very important roles: the family home and the family’s largest asset. So, it’s no surprise that most people who own homes and are considering bankruptcy have questions about how filing bankruptcy will impact home ownership. The answer to that question depends on a variety of factors, including:

What Is Overpayment?

The Urban Institute conducted a study which compared rates of material hardship including shelter, foods and medical care among those surveyed. The survey found that renters struggle more than homeowners.

The American Bar Association’s accreditation committee found the Lincoln Memorial University’s Duncan School of Law is “significantly out of compliance” with certain accreditation standards.  Specifically the committee found the law school was admitting candidates who do not appear to be capable of completing law school and passing a bar exam.

The Bankruptcy Court in the Eastern District of Tennessee recently ruled that back child support owed to by a non-custodial parent is not property of the bankruptcy estate, and therefore the debtor does not have to pay the back child support to her creditors in her bankruptcy.

Last month, we wrote about Nashville, Tennessee based Gibson Guitar’s financial troubles and the possibility of them filing for bankruptcy.  Well, it appears that more troubles are brewing.  Bloomberg reported that

On Thursday, January 11, 2018, Sam’s Club began abruptly closing many of its stores across the US and the US territories, including Puerto Rico.  In some cases, employees found out their store was closing when they arrived at work, in their work uniform, only to find the doors pad locked and sign stating the store was closing, effective immediately.

When you're constantly bombarded with calls about your debts, signing up with a debt settlement company can seem like the easiest way to handle them.