Tennessee Bankruptcy Laws & Property Exemptions
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Tennessee Bankruptcy Laws

Connect with a Tennessee Bankruptcy Lawyer Today

If you're struggling with debt, bankruptcy laws may allow you to protect yourself from creditors and find a fresh start.

Tennessee bankruptcy laws provide serious relief thanks to the tools provided by Chapter 7 and Chapter 13 bankruptcy.

These two popular types of personal bankruptcy provide unique protections for different situations. A Tennessee bankruptcy attorney can help you evaluate your situation and determine which chapter, if any, might be right for you.

You can connect with a local attorney today for a free, no-obligation case evaluation. Simply fill out the form below to get started now.

Free Case Evaluation

Filing Chapter 7 or 13 Bankruptcy in Tennessee

Chapter 7 Laws & Exemptions

Chapter 7 bankruptcy was created to help lower-income earners that are suffering under what’s called "unsecured debt." This is the debt that results from credit cards, medical bills, payday loans and personal loans.

Chapter 7 bankruptcy, also known as "straight" bankruptcy, is designed to discharge all unsecured debts in a reasonably quick court process. To qualify, you'll need to meet certain income requirements.

Chapter 7 works by converting assets into cash to pay creditors. However, Tennessee laws allow bankruptcy filers to exempt some property from sale, and some filers may be able to keep all of their property even after filing Chapter 7.


  • $5,000 for the homestead of an individual. $7,500 if property is jointly owned.


  • 75 percent of weekly earnings.

Personal Property

  • 100 percent of all clothing, pictures and books.
  • Up to $10,000 for any other personal property.

Chapter 13 Laws

There is no property sale during Chapter 13 bankruptcy. Sometimes known as "reorganization," Chapter 13 bankruptcy allows filers to reorganize their debts in a 3-5 year repayment plan.

Under the plan, a single payment is made to a court-appointed trustee who handles creditors.

This means no more phone calls or harassing letters harassing, and it could freeze debt, preventing more fees, fines and other compounding factors that can cause debt to grow out of control.

This type of bankruptcy tends to work best for filers who have a regular, steady income. Also, Chapter 13 may be better suited for individuals with larger land and personal property holdings and need additional protection.

Learn About Your Options with a Local Tennessee Bankruptcy Lawyer

The information provided here is only one step in a path that could lead to financial independence.

You likely still have questions about how, exactly, Tennessee bankruptcy laws could help you.

Your local bankruptcy lawyer can answer those questions, and help you get started with the process that reform your debt and get a fresh start.

To connect with a local Tennessee bankruptcy lawyer today, simply complete the free case evaluation form on this page or call us toll-free at 877-349-1309.

Free Case Evaluation

Keep in mind all laws are complex. If you need legal advice or want to fully understand how these laws affect you, please speak with a local Tennessee bankruptcy lawyer. Laws may have changed since our last update. For the latest information on your state's laws, speak to a local bankruptcy lawyer about filing bankruptcy in Tennessee.

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