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Tennessee Bankruptcy Information
Are you considering filing for Chapter 7 or Chapter 13 bankruptcy in Tennessee? Although much of bankruptcy is governed by federal law, some bankruptcy-related information and law is specific to your state.
Below you’ll find Tennessee-specific information on filing for bankruptcy as well as articles on the various Tennessee bankruptcy exemptions. And for in-depth information on bankruptcy law and procedures, visit Nolo’s Bankruptcy Center.
Bankruptcy Exemptions in Tennessee
Bankruptcy Exemptions in Tennessee
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Tennessee Bankruptcy Exemptions
Tennessee bankruptcy exemptions protect property from bankruptcy creditors, including the things you’ll need to maintain a home and job. But you might not be able to keep everything you own. In Chapter 7, you only keep property covered by Tennessee bankruptcy exemptions. In Chapter 13, you keep everything you own but pay creditors for any nonexempt property. Learning about bankruptcy exemptions before filing will help you prevent unexpected property losses in a Tennessee bankruptcy.
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The Tennessee Homestead Exemption
The Tennessee homestead exemption protects some of your home equity if you file for bankruptcy. Learn more.
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Filing Bankruptcy in Tennessee for Chapter 7 and Chapter 13
In this complete guide to filing for bankruptcy in Tennessee, you’ll learn about the differences between Chapters 7 and 13, debts you can eliminate or "discharge,” property you can keep using Tennessee bankruptcy exemption laws, and bankruptcy qualification requirements. You'll also learn how to organize and navigate your Tennessee bankruptcy case using checklists, a link to a DIY bankruptcy quiz, and other helpful resources.
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