"Filing Bankruptcy In Tennessee"
Filing bankruptcy in Tennessee can be a difficult process, but it is important to understand the basics before you begin. There are two types of bankruptcy that you can file in Tennessee: Chapter 7 and Chapter 13.
Chapter 7 bankruptcy is also known as liquidation bankruptcy. This type of bankruptcy allows you to discharge most of your debts, including credit card debt, medical bills, and personal loans. In order to qualify for Chapter 7 bankruptcy, you must pass a means test.
Chapter 13 bankruptcy is also known as reorganization bankruptcy. This type of bankruptcy allows you to keep your property and assets, but you must repay your debts over time. In order to qualify for Chapter 13 bankruptcy, you must have a regular source of income.
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