Six Ways to Avoid Chapter 7 Bankruptcy

It goes without saying that nobody actually wants to file for bankruptcy. It is a reality of life though, and a last resort measure that some people will have to take. While at Tom Bible Law, we can help those who are going through the bankruptcy process, we would always advise prevention when possible.  …


When You Need An Emergency Life Raft

Your house is being auctioned off tomorrow. Your wages are going to be garnished from Friday’s paycheck. A creditor is about to file a judgment lien against your property. Your car is going to be repossessed this weekend. It is almost never a good idea to file an emergency bankruptcy if you can avoid it;…


The 4 Types of Bankruptcy Explained

Chapter 7, Chapter 13, Chapter 11, and Chapter 12 — did you know there were that many types of bankruptcy? The bankruptcy process is different depending on which bankruptcy chapter you file. This is one of the reasons working with an experienced bankruptcy attorney like the Law Office of W. Thomas Bible, Jr. is so…


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…