Medical debt is one of the most common sources of financial stress in the United States. Even people with excellent health insurance may end up owing large amounts of money because of deductibles or coinsurance obligations. People who require extensive medical...
Personal Bankruptcy
How many payments can be missed before a vehicle is repossessed?
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...
How long does the automatic stay from bankruptcy last?
Bankruptcy proceedings offer several forms of financial relief for those dealing with major debts. A successful bankruptcy results in the discharge of eligible debts. People no longer need to make payments on debts that they discharge. Depending on the type of...
How bankruptcy can help to protects those facing repossession
Personal transportation is essential for most modern adults. They need a vehicle to get to and from work and to take care of their families. Without a vehicle, people become dependent either on public transportation or cost-prohibitive rideshare services....
How long does a personal bankruptcy take to complete?
For many people, the decision to file for personal bankruptcy is made in response to a financial emergency. Despite dealing with rising levels of debt or an increasingly restrictive budget, they continue to try to fulfill their obligations each month. They then...
Common reasons people file for bankruptcy
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...
Bankruptcy isn’t just a last-ditch effort
You might be able to relate to many other people in Tennessee who prefer to avoid certain types of conversation. For instance, many people avoid discussions about their own mortality, which means they don't like to talk about estate planning issues. It is also common...
Will the financial impact of your divorce lead to bankruptcy?
While your divorce will impact your life in various ways, one of the most significant impacts you will experience will be with your finances. After dividing marital assets, assuming a portion of marital debt and adjusting to new life circumstances, you may find that...
How do you know it’s time to file bankruptcy?
It is not uncommon for individuals to struggle for far too long against mounting debt. In many situations, by the time they begin considering bankruptcy as a debt relief option, these people should have already filed months ago. Unfortunately, many people hold on to...
Declaring bankruptcy after divorce
Getting into debt can set you back years. Once you fall behind, you may get late fees and a black mark on your credit score.Money stress is one of the leading contributors to Tennessee divorces. Thus, those deep in debt may find themselves in court dividing up assets,...
