Financial struggles are normal, and most people experience even an abbreviated period of financial difficulty at some point in their lives. However, you may be in a place where you are not able to manage these financial issues on your own, and your debt problem may...
During bankruptcy, debtors can seek discharge for various debts, releasing them from personal liability for specific financial obligations. Creditors also receive permanent restrictions from collecting payments for eligible debts when issued a discharge order. This...
It is disheartening and overwhelming to be in a position in which a person is no longer able to manage his or her financial obligations. Each month, the bills continue to come, and you may not be in a place where you can effectively manage your payments. Interest...
When you are unable to pay your bills, your balances will continue to accumulate, and interest can add more to what you already owe. This can create a situation that you may never be able to escape on your own, and you might find yourself considering various options...
Deciding to use bankruptcy protection to deal with overwhelming consumer debt is just the beginning. From a consumer standpoint, "bankruptcy" generally refers to two types of proceedings for paying off, reducing and/or eliminating your debt: Chapter 7 bankruptcy and...
Life is unpredictable, and many people will experience a period of financial struggles at some point during their lives. For some, these struggles are insurmountable, and they are not able to manage their financial obligations on their own. This can lead to an...
One of the most common things you will experience if you owe a significant amount of debt is constant contact from creditors. They will call, email and send you letters regularly, if not all the time. If debt collectors cannot get payment on an overdue debt, they may...
Christmas Tree Shops has more than 80 seasonal retail stores, including multiple locations in Tennessee. A company executive recently stated that inflation and several other issues have caused serious economic struggles for the popular home goods company. In fact, the...
One of the most common concerns consumers have regarding bankruptcy is how this decision will affect their daily lives. Even the most financially overwhelmed consumers who would benefit from bankruptcy may be hesitant to take this step because they assume they could...
Many households in Tennessee have been hit by financial challenges in recent years. While some families have been able to obtain enough additional income to cover their debt, others are teetering on the edge of financial ruin. Filing for Chapter 7 or Chapter 13...
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
