Filing for bankruptcy involves more than just submitting paperwork. It also involves completing two educational requirements designed to help individuals better understand their finances, their options and how to avoid bankruptcy in the future. These courses are...
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...
As credit card balances increase, so do monthly payment obligations. Not only do borrowers need to worry about interest accruing on their credit cards, but they also have to cover fees if they make late payments or their balance goes over the credit limit for the...
Filing for bankruptcy is a speed bump in your financial journey. It’s a chance to take control of your finances using a legal option for taking care of your debts. One of the primary concerns that you may have is how you will rebuild your credit when the bankruptcy is...
Chapter 13 bankruptcy is often the best solution available to those experiencing temporary financial hardship. In a Chapter 13 bankruptcy case, people can restructure some of their financial obligations. They can prevent foreclosure, vehicle repossession and creditor...
Filing for bankruptcy significantly alters how you handle a car loan. Whether you retain your vehicle or surrender it depends largely on the bankruptcy chapter you file and the current status of your loan. If you’re behind on payments or owe more than the car is...
Unpaid credit card debt doesn't disappear. If you ignore it, the consequences get more serious over time. These consequences can affect your credit, income, and legal standing. Debt collection actions get aggressive When you stop making payments, your account gets...
People dealing with high levels of debt may eventually file for personal bankruptcy. Bankruptcy proceedings protect people from collection efforts. Creditors have to stop calling. The courts usually dismiss pending debt-related lawsuits due to the automatic stay. If...
Chapter 7 bankruptcy allows Tennessee residents to eliminate unsecured debts, such as credit card balances and medical bills. However, not everyone qualifies for this type of bankruptcy. The means test determines whether an individual can file for Chapter 7 or if they...
When homeowners in Tennessee fall behind on their mortgage, they may face foreclosure. This process allows the lender to take back the property and sell it to recover unpaid debt. Many people do not realize that filing for bankruptcy can temporarily stop foreclosure....
