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Tag Archives: file chapter 7

Record Bankruptcy Quarter Nationally

Seems that Tennessee is still seeing a lot of bankruptcies…However, this article mentions that  bankruptcies last quarter were record(since 2005) setting nationally too:
Similar increases have been seen across the country. Between July 1 and Sept. 30 this year, 292,291 people filed for bankruptcy in the United States, representing the largest number of filings in a [...]

Chapter 7 and Debtors Making 25K Every Month…

So, you are a debtor filing for bankruptcy protection and you have income north of $25,000 every month. Can you discharge your unsecured debts in a Chapter 7 proceeding?
You’d think that the answer would be “no” after 2005’s BAPCPA, right?
But, what if the debts were mainly related to business instead of being consumer debts?
Interesting question, [...]