During these difficult economic times, many people in Cleveland, Tennessee, have found themselves facing serious financial challenges, up to and including foreclosure. Filing for Chapter 13 bankruptcy can provide some relief from the pressure of creditors and may even buy homeowners the time needed to keep them in their homes.
Military service members are not immune to the troubled economy in the United States. Families can accumulate debt and suffer from financial distress when a military member is deployed. A recent report shows that upon returning home, many of these military members are targets of lending fraud.
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 help is on the way for some homeowners struggling to make their monthly mortgage payments.