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Chattanooga Bankruptcy Law Blog

Debunking some bankruptcy myths

If you are considering a Chapter 7 bankruptcy, you may dream of a future without financial hardships. Since access to credit is more of a necessity than a luxury, many filers wonder when they can obtain credit again – and if they should. Unfortunately, the many…

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What are exempt assets in Chapter 7 bankruptcy?

In a Chapter 7 bankruptcy in Tennessee, understanding the distinction between exempt and non-exempt property is crucial for filers. This categorization determines which assets the filer can automatically retain through bankruptcy. Exemptions are provided by both Tennessee state law and federal law, although Tennessee requires filers…

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3 ways credit card companies keep people trapped in debt

Credit card debt is one of the most predatory and insidious lending systems currently permitted in the United States. With the exception of payday lenders or check-cashing services, credit card companies charge the highest interest rates and most exorbitant fees of any lenders in the country.…

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