Many Tennessee business owners have been struggling to stay afloat financially in recent years. Economic stress has negatively affected many companies, regardless of their size. In fact, one of the largest cinema chains that operates in numerous countries recently...
Bankruptcy
Senior living company to file Chapter 11
A company in a state north of Tennessee has been struggling financially. Financial problems are relatively common these days. Many business owners have been exploring options to help relieve debt and to try to get things back on track before they reach a point of no...
Restaurant owner files bankruptcy after loan problems
Small business owners in Tennessee often work their way to expansion, using profits from earlier sales to invest in new supplies, a larger building or any number of other items to help grow a business. In many cases business owners borrow money to get their companies...
What time is the right time to file for bankruptcy?
Many people in Tennessee and beyond are currently struggling to stay afloat in business or where personal finances are concerned. Economic issues, as well as things like unexpected medical bills, car repairs or loss of income can quickly wreak havoc on a person’s...
TLC channel’s Derrico Family facing foreclosure
In Tennessee and elsewhere, many people understand what it is like to encounter financial challenges while raising their families. Whether a household includes one or more children, providing for clothing, food and lodging can be expensive. When financial trouble...
Negative equity often sparks foreclosure
If the value of a Tennessee home takes a downward spiral, it can cause equity problems for the owner. Negative equity is a real estate term referring to the value of a house that is less than the homeowner’s existing equity. In short, negative equity occurs when a...
Car repossession and bankruptcy
When a financial crisis hits, it can affect all aspects of a person’s life. Not only might it be difficult or impossible to keep up with credit card payments and make ends meet at home, a person having money problems might fall behind on auto loan payments as well....
Lack of financial literacy and bankruptcy
If Tennessee residents were to take a quiz about financial literacy, some would score high while others might be at the lower end of the spectrum. In this state and others, there are many people who do not even understand what is meant by the term “financial...
Rebuilding a credit score after bankruptcy
Many people in Tennessee and beyond struggle to rebuild their credit scores after confronting serious financial crises. This is especially true for those who have filed for bankruptcy. Keeping several things in mind can help lay the groundwork to restore a credit...
Step-by-step guide to file for bankruptcy
Tennessee residents are no strangers to financial crises, especially nowadays when many households have experienced loss of income, medical emergencies or other setbacks. While some people are able to restore financial stability by restructuring their budget or...
