Six Myths About Chapter 7 Bankruptcy

By Willie Glascock, Attorney We handle Chapter 7 and Chapter 13 bankruptcies at Tom Bible Law, but I mostly focus on the Chapter 7s, and that’s what we’ll talk about in this blog post. Understandably, there’s typically a lot of anxiety surrounding bankruptcy, and people have a lot of questions. In working with so many…


Life After Bankruptcy: How to Repair Your Credit

Filing for bankruptcy is no joke, and obviously, should be taken very seriously. But it certainly isn’t the end of your life or your credit. You need to be proactive though, taking steps as soon as possible after bankruptcy to rebuild your credit. You can also take comfort in the fact that even though a…


How does someone file for Chapter 7 bankruptcy?

By William “Willie” Glascock, Bankruptcy Attorney     We know that reaching a point in your life where you are contemplating bankruptcy is disruptive, emotional, and devastating.  But you should know that it’s not the end of the world. In fact, I would say that 95% of my clients tell me it wasn’t as bad…


The price of bankruptcy is disclosure

On behalf of William Bible at Law Office of W. Thomas Bible, Jr. Failure to disclose all assets can be expensive The purpose of a bankruptcy case is to allow a debtor to discharge some or all of their debts while allowing a bankruptcy trustee and the court to examine the debtor’s finances and to…


Effective ways of dealing with financial challenges

On behalf of William Bible at Law Office of W. Thomas Bible, Jr. Understand all of your options before making a decision on how to address your money problems. When a person is struggling with financial hardships, they feel a significant amount of pressure to bring an end to their debt problems. Nearly every day…


Advantages and differences between Chapter 7 and Chapter 13 bankruptcy

On behalf of William Bible at Law Office of W. Thomas Bible, Jr. Bankruptcy can be an effective option for people with uncontrollable debt, but it is important to understand the different types of personal bankruptcy. When dealing with serious financial challenges, life can seem hopeless. Fortunately, there is help for Tennessee residents who can’t…


Medical debt leading cause of TN bankruptcy

On behalf of William Bible at Law Office of W. Thomas Bible, Jr. While the Affordable Care Act is in full effect, many Americans will argue the fact that their healthcare is anything but affordable. In fact, excessive medical debt is the number one cause of bankruptcy in the United States. A study analyzing data…


Large IRS Claims May Complicate and Delay Bankruptcy Proceedings

On behalf of William Bible at Law Office of W. Thomas Bible, Jr. When filing for bankruptcy, it’s important to have a clear understanding of how your debts and assets will be treated. Many types of debt are discharged in bankruptcy, while others are not. Some assets and personal property items are allowed to be…


Struggling with student loans, many millennials regret college

On behalf of William Bible at Law Office of W. Thomas Bible, Jr. In the past, college seemed like an investment that was a sure thing. If you went to college, you likely got a higher paying job that gave you the means to start a family, buy a house and pursue your piece of…


Bankruptcy remains common in Tennessee despite national decrease

On behalf of William Bible at Law Office of W. Thomas Bible, Jr. Many people are pleased when they hear that the number of individuals filing for bankruptcy each year has been declining nationwide. According to a law professor who reviewed data from the National Bankruptcy Research Center, nationwide bankruptcy filings for individuals dropped by…


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