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Bankruptcy FAQs

Filing for bankruptcy is not a decision to be taken lightly and should ideally be done after thoroughly educating yourself on your options and consulting with a bankruptcy attorney. That said, although you may be nervous or scared to take the plunge, for many people, bankruptcy can be an important step to get them back on their feet financially and working toward a more stable future. Below are some common bankruptcy FAQs I’ve heard from clients over the years that can give you a better understanding of what to expect.

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Considerations in a High Net Worth Divorce

Divorce is never easy, but it can be particularly difficult if you’re a high-net-worth individual. If you and your current spouse have more than $1 million in combined assets, your divorce may be considered “high net worth.”

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Can I File for Bankruptcy More Than Once?

In Tennessee, many individuals, families, and businesses going through financial hardship often decide to file for bankruptcy to achieve debt relief or seek a clean financial slate. Even after getting your financial relief, an economic setback, job loss, or medical emergency can put you in another difficult financial situation.

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Three Tips on How to Gain Better Financial Stability

Americans are experiencing a national credit debt of over $1 trillion, which has led to unfortunate realities across the country. For credit cards alone, the average APR is roughly 19.07%. Interest fees can be difficult to pay off or even pay down. When individuals in Tennessee struggle to pay these balances, it might be time to consider debt relief as they search for financial stability.

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Is it Possible to Relocate with Children After the Divorce?

Divorce is the end of a marriage but the beginning of new lives for everyone concerned. That includes the parents who will begin making decisions about where they will live and work.

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Tax Issues: Which Bankruptcy Chapter to Choose

Filing for bankruptcy can affect your finances and credit score for several years, but it can also provide much-needed relief and put you on the right path for future stability.

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What To Do If My Ex Isn’t Paying Child Support

Divorce is difficult, especially when you share children with your ex-spouse. What you expect when all is said and done, however, is that everyone will do what the court has ordered. You will divide your assets and debts as approved. One or both of you will move. The visitation schedule and parenting plan will proceed. Child support will be paid as ordered.

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Dispelling Adoption Myths

While it’s an incredible experience, the adoption process can be an understandably intimidating journey to embark on.

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Does Bankruptcy Stop Creditor Calls?

Hard times might cause you to charge more to your credit card or take out a loan that you can’t repay. Those bills quickly add up, and if you find yourself unable to pay them, you may be harassed by creditors seeking payment for your debts, facing a constant stream of letters and phone calls.

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Family Law FAQs

The range of family law issues is extensive. My practice handles cases involving marriage, divorce, paternity, adoption, and every issue that arises within those broad categories. At some point in the lives of many people living in Kingsport, Bristol, Church Hill, Johnson City, and throughout Northeastern Tennessee, they will have a family law concern to deal with. When they do, Steven C. Frazier, Attorney At Law will be there to help.

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