Tennessee Bankruptcy Lawyers

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Dean Greer &  Associates

Dean Greer & Associates

Since 1984, Dean Greer & Associates has been providing Quality Legal Services to clients throughout Kingsport, Tennessee and the Tri-Cities area. Call Today for a Free Consultation.

2809 E. Center St. - Kingsport, TN 37664
(423) 246-1988

Edmiston Foster

Edmiston Foster

7031 Middlebrook Pike - Knoxville, TN 37919
(865) 383-0357

Mark T. Young and Associates

Mark T. Young and Associates

2121 Hamill Road - Hixson, TN 37343
(423) 870-5225

Jim Paris Attorney-At-Law

Jim Paris Attorney-At-Law

Chattanooga Bankruptcy and Social Security Disability Lawyer

620 Lindsay Street, Suite 210 - Chattanooga, TN 37405
4236487714

Eron Epstein Attorney At Law-

Eron Epstein Attorney At Law-

Southeast Tennessee and Northwest Georgia Bankruptcy Lawyer

713 Cherry Street - Chattanooga, TN 37402
(423) 267-8000

CATHERINE GASSER, GASSER LAW, PLLC

CATHERINE GASSER, GASSER LAW, PLLC

If you want to know more about bankruptcy and the process, contact Catherine Gasser at 615-459-6130. We always offer free consultations.

511 Enon Springs Road East - Smyrna, TN 37167
(615) 459-6130

Long, Burnett, and Johnson, PLLC

Long, Burnett, and Johnson, PLLC

At Long, Burnett, and Johnson, PLLC, we are more than just the people who fill out paperwork and stand for you in court. We are a team of legal professionals who are on your side.

15065 Lebanon Rd, Suite 205 - Old Hickory, TN 37138
(615) 386-0076

Tennessee Law Group

Tennessee Law Group

Full Service Bankruptcy Law Firm

1994 Gallatin Pike North Suite 100 - Madison, TN 37115
(615) 662-3697

Podis & Podis

Podis & Podis

We are a bankruptcy law firm and we file Chapter 13 and Chapter 7 Bankruptcy cases for individuals and couples who are in debt and need help. We walk clients through the bankruptcy process and make it easy to understand.

1161 Murfreesboro Pike - Nashville, TN 37217
(615) 399-3800

Gordon Law Group, PLC

Gordon Law Group, PLC

803 18th Avenue South - Nashville, TN 37203
(615) 786-0113

McCune Zenner & Happell PLLC

McCune Zenner & Happell PLLC

Filing for bankruptcy may be the best way to get a fresh financial start for the rest of your life. We can help guide you through the process.

L.G. "Buddy" Burnett, Jr.

L.G. "Buddy" Burnett, Jr.

When life's challenges threaten to become overwhelming, it's good to know you don't have to face them alone.

Law Offices of Philip F. Counce

Law Offices of Philip F. Counce

For many hardworking people, debt and financial troubles can quickly creep in, whether through medical bills, credit card balances, the loss of a job or a downturn in the economy.

Harlan, Slocum & Quillen

Harlan, Slocum & Quillen

At Harlan, Slocum & Quillen we are committed to three guiding principles: customized service, convenience and compassion. No one wants to file bankruptcy or face the overwhelming burden of a financial crisis. But, when you are ready we can help!

Law Office Eric Bittner

Law Office Eric Bittner

Law Office of Jonathan Garrett

Law Office of Jonathan Garrett

Come in today for your free consultation and talk to one of our bankruptcy attorneys. We have day, evening and weekend appointments to meet every schedule. With a convenient downtown Memphis location, we can provide the best service to our clients.

The Tennessee Economic Situation

Tennessee as a whole isn’t projected to be back to the peak reached in late 2007 until the second quarter of 2012.  Hit hard by the decline in manufacturing, transportation and trucking, net job growth is expected to begin to slowly recover by the second quarter of 2010.  Bankruptcies filed in 2008 hit record levels with over 47,000 in Tennessee alone, and over 98% of those filed by consumers.    It is estimated that 1.4 million consumer bankruptcies will be filed in the U.S. in 2009, the surge triggered by the foreclosure crisis and economic downturn. Debt relief through bankruptcy is short lived however, as most of these individual possessed non-dischargeable debts that are now under a court mandated repayment plan.

Find an Experienced Tennessee Bankruptcy Attorney

The Federal Bankruptcy Law involves processes, procedures and evaluations which can be complex and confusing.  Seek the advice of an attorney/law firm with specific long-term experience in Tennessee bankruptcy matters.  Check references, if possible.  A competent attorney will help you weigh your different options, make informed decisions, help you protect the security of your family and reduce your stress, while facing the realities of the situation.

Major Changes Made in 2005 Will Impact your Tennessee Bankruptcy

Because of bankruptcy filing abuses, the law was changed in 2005 to include the following:

  • Required pre-bankruptcy counseling
  • Strict guidelines to qualify for a Chapter 7 filing (liquidation proceeding) including a “Means Test” to determine your ability to pay debts
  • Tight restrictions on repeat filers
  • Random audits to verify accuracy of bankruptcy filing
  • Enhanced oversight for Chapter 11 (reorganization) small business cases

The “Straight” Bankruptcy – A Common Choice in Tennessee

Chapter 7 is the “fresh start” chapter of the Bankruptcy Code and most commonly used.  This filing results in a fair Distribution of your available nonexempt property to creditors.  Unsecured debts are generally discharged.  Included in this process is a “means test”, used to determine your ability to pay your creditors, verifying whether Chapter 7 is appropriate or indicating that you should be filing Chapter 13Median Family Income by Family Size and current poverty guidelines are factors evaluated when determining appropriate filing status for a given situation.

Not All Debts May Be Discharged in Your Tennessee Bankruptcy:

·         Taxes owed to government agencies, such as the I.R.S., State of Tennessee, etc.

·         Student loans (unless undue hardship can be proved),

·         Debts incurred after the bankruptcy is filed

·         Debts owed to a spouse for divorce-related obligatory expenses

·          Debts not listed or scheduled or which the debtor waived discharge

·         Debts for willful and malicious injury by the debtor to another person or property owned by another 

Final Words for the Tennessee Bankruptcy Filer

Tennessee residents continue to suffer, as the State’s economy struggles to recover.  Decisions you make and actions you take now can have a positive or negative effect on the outcome of your bankruptcy proceedings.  The U.S. Bankruptcy Court warns that“Bankruptcy has long-term financial and legal consequences - hiring a competent attorney is strongly recommended.”Click here to find Tennessee attorney resources in your area. 

 

 

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