When homeowners in Tennessee fall behind on their mortgage, they may face foreclosure. This process allows the lender to take back the property and sell it to recover unpaid debt. Many people do not realize that filing for bankruptcy can temporarily stop foreclosure....
Joint credit card debt can accumulate when two people share responsibility for the same credit card. Both account holders agree to repay any charges made on the card. This type of debt often occurs between spouses, business partners or family members. If one person...
People in different situations may have different reasons for wanting to avoid a bankruptcy filing. Sometimes, pending financial plans for the immediate future make bankruptcy a problematic choice. Securing a car loan or mortgage in the first years after a bankruptcy...
Chapter 13 bankruptcy gives you a structured way to repay debts over time, but financial situations can change. If your income drops, expenses rise, or unexpected hardships occur, modifying your repayment plan may be an option. Understanding when and how you can...
People diagnosed with cancer generally feel anxious about the future. They worry about the survival rate for the type of cancer that they have and the treatment options available to them. Often, worrying about the financial aspect of a cancer diagnosis only begins...
Student loans often represent a significant portion of personal debt, leaving many wondering if bankruptcy can help. In most cases, you cannot discharge student loans through Chapter 7 bankruptcy unless you prove that repaying them would cause undue hardship....
Facing the possibility of foreclosure can be overwhelming for homeowners. Selling the property may provide a solution, but it requires careful consideration. Understanding whether this option is viable involves evaluating financial circumstances, market conditions,...
Receiving notice of a credit card lawsuit can take you by surprise. You might feel scared or unsure about your next steps. However, understanding the legal process can help you confidently approach the situation. Let's explore what you need to know and what to do if...
Purchasing a financed vehicle means accepting a payment schedule. Typically, those buying financed vehicles have to make monthly payments. The vehicle serves as collateral for the loan. If the borrower falls behind on their financial obligations, the lender may be...
Chapter 13 bankruptcy can help self-employed people who have unpredictable income. It lets them create a plan to repay their debts in a way that fits their situation. This can help them get their finances back on track. But having an income that goes up and down can...
Richard Banks & Associates, P.C.
393 Broad Street Northwest
Cleveland, TN 37311
Toll Free: 866-596-8527
Phone: 423-219-3299
Fax: 423-478-1175
