Personal Bankruptcy

Circumstances outside of an individual's control can often lead to financial struggles. Combined with poor money management, it can be a recipe for difficulties that might lead to things like foreclosure. Bankruptcy can be a way for Tennessee residents to hit reset so...

When planning for retirement, no one anticipates the foreclosure of their home. In a recent study, one and a half million Americans over the age of 50 has lost their home to foreclosure between 2007 and 2011. Of those Americans, the highest foreclosure rate was...

Medical debt is one of the most common forms of financial stress for consumers in Tennessee and nationwide. Even with health insurance, families can suffer unmanageable debt after an unexpected illness or injury. Hospitals and medical service providers will often turn...

There is a wide-reaching effect on employees, board members, owners and customers when a company decides to go bankrupt. When a business declares bankruptcy, there are a variety of side-effects that impact people associated with the company. Customers lose confidence...

Tennessee has had one of the highest personal bankruptcy rates in the country, and that trend did not change in 2011. According to a Columbia law professor who analyzed the 2011 national bankruptcy rate, Tennessee has the 4th most personal bankruptcy filings in the...

The troubled economy continues to affect many people in Tennessee and in other places all across the country. In October, more than 75,000 homes nationwide were sold in foreclosure. In Tennessee alone, more than 2,500 homes were in foreclosure, but it appears that...

A restaurant owner filed for Chapter 7 bankruptcy on Oct.5. This comes after financial problems forced the restaurant owner to close two restaurants and a banquet facility in January. The petition is a personal bankruptcy petition as opposed to a corporate bankruptcy...

$32.7 million is a colossal amount at a personal level, even for the booming Reno or Las Vegas. For us, here in Tennessee, such an amount at a personal level is nearly unheard of. Yet that is the amount a small-time property developer has listed as his gross liability...

Buffeted by the ill winds of divorce and alimony, paying a portion of his son's college expenses and daughter's medical bills, one city's mayoral candidate's finances finally fell apart. So much so that he had to file for Chapter 13 bankruptcy. Now, running for mayor...