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Law Office of W. Thomas Bible, Jr.

March 2016 Archives

Can a consumer in Chapter 13 bankruptcy get auto financing?

Tennessee consumers who are experiencing financial difficulties may have chosen to regain financial stability by filing for personal bankruptcy. While it may be great to have the opportunity to reorganize debts with an extended repayment plan, a consumer's circumstances can change over the three-to-five year payment period. An unreliable vehicle may have to be replaced, but how does a debtor get auto financing while in Chapter 13 bankruptcy?

Tech company files for Chapter 7 bankruptcy

A well-known technological firm is closing its doors, according to local sources, leaving 300 employees out of work. Atherotech may be familiar to Tennessee residents in the tech industry as a company that spun out of a larger interest after a researcher developed a proprietary cholesterol test in the early 1990s. The company filed for Chapter 7 bankruptcy on March 3. 

Diagnostic company files for Chapter 7

A diagnostics company that formerly helped people lose weight is closing its doors, according to business sources local to the company. Atherotech Inc. ceased operations in February 2016 and has since filed for Chapter 7 bankruptcy protection. Tennessee business owners recognize this as a smart move in cases in which company debt has become untenable. 

Dealing with debt relief

Debt can sneak up on an individual or a family. In Tennessee and other states, debt relief is a necessary service when a household finds itself handling interminable debt. Thankfully, there are many ways to find relief from pressing financial obligations. Among them, a Chapter 7 bankruptcy filing can be used to forgive outstanding debt. 

Produce company files for Chapter 7

A produce company has closed its doors for the final time, according to local business sources. Tennessee residents with an interest in the fruit industry may be surprised to hear that Fruit Kraze, a privately owned distribution company, has filed for Chapter 7 bankruptcy, citing untenable debt. There was a creditor's meeting planned for the afternoon of Mar. 10. 

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