The Bankruptcy Code

Repossession can be stopped in Chapter 13 Bankruptcy. When your case is filed, if the creditor has repossessed your car but has not sold it, the court may order it to be returned to you. Your monthly payments and your interest rate can also be lowered.

How does the Bankruptcy Code handle your business interests? In most cases the Trustee will try to find a buyer to purchase your business in order to pay your bills. However, if the Trustee cannot find anyone to purchase your business, non-exempt property that you may need to run your business may be sold. Call the attorneys at Nashville Bankruptcy Law to have your questions answered.

If you own or operate a business, and you file for Chapter 13 Bankruptcy, you will be allowed to run your business, but you may be required by the appointed Trustee to submit an outlilne of monthly operating expenses and income.

In order for the court to grant the debtor discharge of Chapter 13 bankruptcy, the debtor must meet all of these listed requirements:

You may lose some of your property when filing for bankruptcy. The Bankruptcy code outlines what these are:

The court can grant a debtor a discharge, unless the debtor meets certain characteristics outlined in the Bankruptcy Code. The attorneys at Nashville Bankruptcy Law can help you with any questions you may have.