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Common Bankruptcy Myths

If you live in Northeastern Tennessee and are considering bankruptcy for financial relief, you are not alone. In 2020, there were over 8,333 bankruptcy filings in the state. Despite lower bankruptcy filings than previous years, Tennessee still stands at 94% above average when it comes to bankruptcy cases.

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Serious Answers to Serious Questions About Bankruptcy in Tennessee

When I was younger, before my professional identity had taken shape, and I knew the mark I wanted to leave on this world, I met several people touched by huge financial challenges. These were good, hardworking folks who, through bad luck or careless error, found themselves struggling to make ends meet.

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What You Can Do to Prepare for Bankruptcy

From January to the end of June 2021, 7,888 individuals and businesses in Tennessee sought protection under the bankruptcy code, according to the American Bankruptcy Institute (ABI). More than half (55 percent) chose to liquidate everything, while the rest sought a form of reorganization to reduce their debt load and retain their possessions.

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