Bankruptcy Law Section

The Bankruptcy Law Section focuses on issues involving bankruptcy law. The section’s executive committee develops projects for its members ranging from legislative proposals to their annual two-day Bankruptcy Forum and associated social events.

Sherrard & Roe PLC
150 3rd Ave S #1100
Nashville, TN 37201
Immediate Past Chair
Stites & Harbison PLLC
401 Commerce Street
Nashville, TN 37219

Panel Discusses Increasing State's Homestead Exemption

The Tennessee Advisory Commission on Intergovernmental Relations (TACIR) wrapped up a two-day meeting Thursday with a discussion of Tennessee’s homestead exemption. Since the 1977 constitutional convention that moved the exemption into statute and increased the homestead exemption to $5,000, there has been no change to the individual homestead exemption, only categories added. Tennessee has one of the lowest homestead exemptions in the nation and the state leads the nation in the highest bankruptcy rate filings per capita. A TACIR research report cited the most common reason for bankruptcy is medical bills. Panelists included Maria Salas, a Certified Consumer Bankruptcy Specialist who represented the Tennessee Bar Association. TACIR will be looking at an approach to increasing and/or perhaps simplifying Tennessee’s complex homestead exemptions and will present a policy recommendation at its meeting in October.

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50 Years of Travel, Plus Columns on Wills, Banking, Uber

To celebrate the Journal’s 50th birthday, travel back through some of the exotic trips the TBA has taken over the years -- Rome, Mexico, the Caribbean and more. This month, columnist Eddy Smith asks (and answers) the question, "Strictly Speaking, When Is a Will Not a Will?" and in her column, Kathryn Reed Edge gives an overview of interest rates. Humor columnist Bill Haltom suggests a slight career concept change … to Uber Attorney. See the entire August Journal here.

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