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Tennessee Western District Bankruptcy Guide and Forms Package for Chapters 7 or 13 Tennessee

Tennessee Western District Bankruptcy Guide and Forms Package for Chapters 7 or 13 Tennessee

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So what is bankruptcy? Well bankruptcy is actually under 11 USC of the federal code now there's lots of different flavors of bankruptcy but the two that apply to people like you and me are either gonna be Chapter 7 or Chapter 13 these are completely different types of bankruptcies it just really depends on what you have going on now for chapter 13 is more for folks that, let's say you are about to lose your home to foreclosure or your car just got repossessed or you may have massive child support arrears that you are fighting off a warrant or maybe a license suspension chapter 13 will allow you to actually take all of those debts put them into one "pot" so to speak and then you have up to five years to pay that pot back now depending on your specific financial circumstances in a lot of cases some of that debt you may not have to repay at all some of the unsecured debt of course when you meet with a bankruptcy attorney they'll be able to do a be

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