November 28, 2008
- Tennessee Bankruptcy Court Web Sites are Sources of Useful Information
Clark and Washington encourages our clients to make use of accurate and free information about bankruptcy that is readily available on the Internet. Not everything published on the Internet is accurate, of course, but there are a number of web sites that can you trust. (…)
July 3, 2008
- Bankruptcy Courts Increasing Scrutiny of Bankruptcy Schedules
The past few years have amounted to something of a tranisition period in the bankruptcy world. In October, 2005, the bankruptcy law changed, requiring debtor lawyers to learn and apply new law and to change office procedures to address new filing requirements. In the months preceding October, 2005, filing rates zoomed, as families concerned about the uncertainty of the new law filed while the older, more lenient rules applied. (…)
February 8, 2008
- New Median Income Numbers for Tennessee Bankruptcy Filers on February 1, 2008
The office of the United States Trustee has released new median income numbers for bankruptcy cases filed in Tennessee as of February 1, 2008 and thereafter. We expect that these numbers will remain in effect until around October 1, 2008. Here are the current numbers:
Tennessee Median Income Numbers
1 person household
2 person household
3 person household
4 person householdeach additional
person add…$36,380
$46,039
$53,337
$61,856
$6,900You can review the full median income chart at the U.S. (…)
January 27, 2008
- Tennessee Ranks #1 in the Nation for Bankruptcy Filings
The most recent report from the United States Courts Administrative Office reveals that Tennessee leads the nation in bankruptcy filings per population size. Approximately 1 out of every 59 Tennessee households filed either Chapter 7 or Chapter 13 bankruptcy in fiscal year 2007. By contrast, just over 1 out of every 100 Alaskans filed bankruptcy during this same time period. (…)
