This time of year, numerous people in Tennessee and elsewhere will be attending social events where alcohol is available for consumption. Unfortunately, many of them will fail to plan ahead and end up driving home while impaired. Sadly, some of them will cause motor vehicle accidents that have serious -- if not fatal -- consequences.
Quite a few Tennessee residents are plagued by debt. Once in debt, it can feel impossible to get out of it. Bankruptcy can help some people in their quest to achieve financial freedom, but it is not right or necessary for everyone.
Distracted drivers are spotted on Tennessee roads every single day. The state recognizes that numerous individuals are injured in distracted driver-related motor vehicle accidents every year and sees this as a significant issue. If you were hit and injured by a distracted driver, according to the state, you may be entitled to seek compensation for your losses.
Numerous Tennessee residents use credit cards daily to cover their expenses. While there is nothing wrong with this, many of these individuals fail to pay their credit card bills off at the end of every month. This means that they are accruing significant interest by carrying balances on their cards. When let go for too long, this can bury them in serious debt. When credit card debt gets out of control, bankruptcy may offer debt relief.
When you declare bankruptcy, Tennessee law allows you to keep a roof over your head in what it calls a homestead exemption. This comes into play when you file for bankruptcy protection and a liquidation of all your assets can include property.