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Personal Bankruptcy Archives

Stop foreclosure even during bankruptcy

Financial challenges can force Tennessee residents to file for bankruptcy. The decision to file for bankruptcy should be made very carefully because while you'll be able to eliminate debt quickly, you'll likely have to part with your assets, especially your most important one - your home. Fortunately, we can help you keep your home - even up to the last minute - before it is sold in a foreclosure auction.

What should I expect in my pre-bankruptcy counseling session?

Before filing for bankruptcy, Tennessee residents must attend counseling. This counseling is mandatory because it allows a credit counselor to assess a person's situation and see if bankruptcy is the right option. Plus, it makes sure that the person understands the ramifications of bankruptcy and will work to prevent it from happening again.

Choosing the right bankruptcy for those with irregular income

When a person has a regular paycheck, staying out of debt can still be tricky. Imagine the stress involved with working a seasonal job or owning a business. In these situations, there is no steady paycheck upon which you can rely. You're not always paid on a weekly or even monthly basis, so trying to pay bills and stay out of debt is especially challenging. Fortunately, bankruptcy can help provide debt relief, but it's important to choose the right type to fit your specific situation.

What to do when bankruptcy affects co-signers

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 can be a good solution if the person has a steady job and can afford to make regular payments. However, life does not always go as expected. A person can suddenly face unemployment, divorce or any other type of emergency financial situation, causing him or her to fall behind on payments. This will then affect the co-signers, who will be harassed by creditors. How can you remedy this situation?

The truth about bankruptcy: Dispelling the myths

Even though the once struggling economy is slowly starting to pick up, many Tennessee consumers still struggle with debt. They may be unemployed, working only part time, or unable to pay off the mountain of credit card debt they owe, whether it be from medical expenses or poor financial choices. To obtain debt relief, many choose to file for bankruptcy. Bankruptcy is often seen as a cure-all, but is it really the right choice? Discover the myths - and the truth - behind the bankruptcy process.

Situations that could warrant a bankruptcy

Bankruptcy is a situation that can befall anyone. Even some of the biggest celebrities have struggled with money issues. Although a bankruptcy is beneficial for Tennessee residents with mountains of debt, such a process should not be taken lightly. One may wonder what situations warrant a 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, it can cause much damage to a once-excellent credit score. There is also a stigma attached to it, which is why many people attempt other options first. What exactly are your other options for debt relief?

Overcome debt problems with bankruptcy

Many Cleveland, Tennessee, residents have had to deal with major financial issues. Unemployment and unexpected medical bills can happen to anyone, at any time. Some people have an emergency fund to help them through these difficult times. Many, however, are not prepared to deal with these unexpected life changes. They end up with unpaid bills and mounting credit card debt. Even if they have jobs that provide regular income, paying off these debts can prove extremely difficult. As a last resort, consumers turn to bankruptcy.

Can I face discrimination for filing for bankruptcy?

Many Tennessee residents face financial challenges due to job loss, disability, medical bills and unexpected expenses. Although they may do their best to pay their expenses, sometimes they simply cannot get ahead and instead drown in overwhelming debt. Their only option may be to seek debt relief through bankruptcy. Although bankruptcy offers many benefits and is becoming a more popular option among consumers, there is still a stigma attached to it. In addition, many consumers may fear that they will face discrimination for filing for bankruptcy. Is this a valid fear?

Which type of bankruptcy is right for overwhelming debt?

Sometimes Tennessee residents face financial challenges, whether through a job loss, unexpected expenses or overspending. This can cause overwhelming debt, which can lead to harassing phone calls from creditors. When it becomes impossible to stay afloat financially, many consumers turn to bankruptcy for relief. There are two options to choose from: Chapter 7 bankruptcy and Chapter 13 bankruptcy. Which one is right for your situation?