It's important for Tennessee residents to establish a credit history. Without a credit history, it's difficult to buy a car or house or take out a loan. That is why young adults may turn to their parents to co-sign loans so they gain experience making payments. This...
Personal Bankruptcy
What are my options to get rid of TN debt, besides bankruptcy?
Overwhelming debt is a major concern for many Tennessee consumers. Unexpected expenses, such as medical expenses, can cause a major dent in one's wallet. To start anew, many consumers turn to bankruptcy. While bankruptcy is an effective way to quickly eliminate debt,...
Good credit is possible after bankruptcy with these steps
Many Tennessee residents consider bankruptcy as a way to wipe out debts and start anew financially. For many, though, the biggest hurdle is rebuilding credit. For those who have spent decades building credit, the thought of ruining this good credit and watching their...
Medical bankruptcy rates expected to soar
Although all Tennesseans are now allowed access to health insurance due to the Affordable Care Act, their financial problems are not necessarily solved. Although insurance pays for a large portion of one's medical expenses, it doesn't pay for everything. Co-pays and...
Toni Braxton files for personal bankruptcy, buys $3 million home
Tennessee residents who are deep in debt should know that bankruptcy is not the end of the world. It is possible for someone to start fresh and live a good life after a personal bankruptcy -- just ask singer Toni Braxton. The songstress first filed for bankruptcy in...
College students beware: bankruptcy can affect student loans
Many Tennessee college students still live at home with Mom and Dad and may have no debt to worry about, let alone bankruptcy. However, even parents' bankruptcy can affect a college student's eligibility for student loans.Parents may not apply for PLUS loans in the...
Understanding how a person’s bankruptcy can affect marriage
When Tennessee couples decide to get married, there are many factors to consider. Does the couple share the same values? Are they on the same page regarding children? Is one of the parties having financial struggles - particularly a past bankruptcy - that is...
Is personal bankruptcy the right option to get rid of debt?
Many Tennessee residents are already struggling to pay off large amounts of debt -- tens of thousands of dollars or even more. A job loss, medical condition or other hardship can exacerbate financial problems even further. What are the options for those who are...
Steps to take to after filing for personal bankruptcy
For some Tennessee readers, bankruptcy might seem like a personal failure. However, bankruptcy is becoming more and more common. In July, the number of bankruptcies in the United States had exceeded 87,000. In fact, bankruptcy provides many debtors with the fresh...
Former CEO files for bankruptcy after 1987 sale of retail chain
Even poorly executed business deals that were made decades ago can provide legal problems for former business owners. This was the case for William and Patricia Millard, who recently filed for personal bankruptcy after finding out they owed unpaid interest and taxes...
