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March 2017 Archives

Newly released bankruptcy numbers show increase

Personal bankruptcy options exist to help when individuals are facing financial challenges in a struggling economy. While it is a challenging reality to accept and an extremely difficult step to take, filing for bankruptcy can be a real solution for those dealing with financial troubles in Tennessee and elsewhere.

Personal bankruptcy options for those struggling with debt

Personal bankruptcy options are available for those struggling with the stress of overwhelming debt. The bankruptcy process can help reduce or eliminate debt or provide a timeline to repay debts that cannot be discharged over time and under more favorable terms.

Retailer closes Tennessee store; files for bankruptcy

This blog has recently discussed the benefits of commercial bankruptcy for struggling businesses. It is helpful to keep in mind that bankruptcy is also available to individuals struggling with debt. Gander Mountain, a sporting goods retailer with a presence in Tennessee, recently filed for Chapter 11 bankruptcy protection. The store located in a neighboring Tennessee community just east of the Cleveland area is scheduled to close in the next month. The 50,000 square foot store opened in 2014 and will now close as part of the bankruptcy process.

A closer look at Chapter 11 bankruptcy

This blog recently discussed the helpful nature of Chapter 11 bankruptcy for struggling businesses. Chapter 11 bankruptcy can be a complex process, so it is important that businesses considering the commercial bankruptcy process understand how it works before filing.

Business bankruptcy can provide relief for a struggling business

Challenging economic times can have an impact on Tennessee businesses and individuals, which is why legal options, including bankruptcy are available to help. Businesses may struggle with reduced sales, declining profits and tax burdens that make running what was once a successful business a struggle. The burden of financial challenges can be overwhelming. Chapter 11 bankruptcy is a debt relief option specifically designed for the needs of businesses.

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