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Chattanooga Bankruptcy Law Blog

Who is responsible for credit card debt when someone dies?

There is a lot of confusion concerning what happens with credit card debt after someone dies. It is not uncommon for creditors to mislead consumers about such debts, even when the consumer is not responsible for the debt. While there are times when someone can be…

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NASCAR driver’s wife uses bankruptcy exemption to keep house

Readers in Tennessee may be interested to hear that the wife of former NASCAR driver Jeremy Mayfield recently filed for Chapter 7 bankruptcy. She filed for bankruptcy protection independent of her husband, listing liabilities between $1 million and $10 million and assets up to $50,000. She…

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Tennessee-based rapper liquidates songs in bankruptcy proceedings

Even though the economy is beginning to recover, it seems as though no one was left unaffected by the recession. This is indicated by rapper Young Buck’s recent decision to file for Chapter 7 bankruptcy in a federal court located in Tennessee. Included in the rapper’s…

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Chapter 13 bankruptcy doesn’t necessarily harm your credit score

No one wants to be in a financially difficult circumstance, but the economic recession put many Tennessee families into such situations. Trying to figure out how to manage a significant debt load raises a lot of questions. Many people fear that filing Chapter 13 bankruptcy will…

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