Tennessee Bankruptcy Law

Considering filing bankruptcy in Tennessee? You need to understand Tennessee bankruptcy law and exemptions.

As on overview we have listed some of the main exemptions, links to the federal courts serving Tennessee, and some filing statistics for Tennessee.

Tennessee Exemptions

Homestead:
$5,000 for individual debtor $7,500 if jointly owned and both debtors are involved in the proceeding (must be divided equally); $25,000 if debtor has minor children in custody at homestead (See also TCA §§ 26-2-302, 26-2-303).
Details:
Homestead consisting of real property used by debtor, his spouse, or a dependent as principal residence


This is just and overview and there is a detailed list of the Tennessee Bankruptcy Exemptions.

Tennessee Bankruptcy Courts

If you need more information about the Tennessee Federal Bankruptcy Courts you can click on the link for your district.

  • Tennessee Middle District
  • Tennessee Eastern District
  • Tennessee Western District

    • Tennessee Filing Statistics

    Here are the counties in Tennessee with the highest amount of bankruptcy filings.

    Year - County
    Total
    Ch7
    Ch13
    2012 SHELBY
    13104
    3213
    9886
    2012 DAVIDSON
    3900
    2111
    1782
    2012 HAMILTON
    2648
    1146
    1499
    2012 KNOX
    1995
    1298
    696

    You can see the information for all counties by visiting the Tennessee Chapter 7 and Chapter 13 bankruptcy filings by county page.

    Here are the most recently available statistics for monthly bankruptcy filings in Tennessee.

    Year - Month
    Total
    Ch7
    Ch13
    2013 6
    3324
    1373
    1945
    2013 5
    3549
    1616
    1926
    2013 4
    3624
    1668
    1953
    2013 3
    3820
    2090
    1724
    2013 2
    3590
    1866
    1720
    2013 1
    3148
    1359
    1785


    You can see more data by visiting the Tennessee Personal Bankruptcy Filing Statistics page.

    If you have question about filing bankruptcy please visit our Frequently Asked Questions Page or schedule a free consultation with a local attorney.