What are Bankruptcy Exemptions?

When you file bankruptcy the Trustee may sell your property (real or personal) to pay some or all of your unsecured debts. However, both state and federal law provides certain exemptions which protect your property. For more information consult with a Chattanooga bankruptcy lawyer.

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Short Sale and Bankruptcy Options When Facing Foreclosure

A short sale is a sale of real estate, your home for instance, for an amount less than what you owe on it. In a Chapter 13 bankruptcy it may be possible to sell the house as a part of your Chapter 13 Plan. Ask your bankruptcy attorney if you qualify for a “super discharge” in chapter 13.

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