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Law Office of W. Thomas Bible, Jr.

June 2016 Archives

Handling credit card debt

For many Americans, debt is a rising problem in 2016. With the national credit card debt expected to top $1 trillion, Tennessee residents may be thinking about how to reduce their debt load. Thankfully there are a variety of strategies suitable for any debt load, from the mildly persistent to the significantly problematic. 

Startup company files for Chapter 7 bankruptcy

An otherwise-successful technical startup company has sadly closed its doors, according to business news. Predictify.Me, known to some Tennessee business aficionados for developing algorithms meant to predict social and commercial challenge outcomes, has filed for Chapter 7 bankruptcy. The company was founded in 2014 and filed for bankruptcy in June of this year. 

Pop-up restaurant declares Chapter 7 bankruptcy

A company famous for hosting pop-up dinners the nation over has filed for bankruptcy after declaring its intentions to cease operations back in April. Tennessee residents might be familiar with Dinner Lab, which is based in another state and filed for Chapter 7 bankruptcy on June 8. This process will involve the liquidation of company assets to satisfy creditors. 

Credit card debt continues to rise

Owing money to creditors is one of the most challenging financial pitfalls facing Americans today. In fact, Tennessee residents might be surprised to note that credit card debt is actually on the rise as the country recovers from the 2008 recession. Thankfully, options are available for American families who are struggling under unmanageable debt, including debt consolidation, debt counseling and even Chapter 7 bankruptcy. 

Bargain furniture store files for Chapter 7 bankruptcy

Popular furniture outlet Holladay House and Home Center has closed its doors for good, according to business news sources. The bargain furniture outlet has been in business for several years, but its ownership has now filed for Chapter 7 bankruptcy. As some Tennessee business owners know, sometimes the decision to file for bankruptcy is the most financially responsible one a company can make. 

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