Memphis students continue to graduate with more and more loan debt. Because student loans normally cannot be discharged in bankruptcy and must be repaid, sometimes students may find that they have few options for long-term debt relief. Recently, a representative from...
Stop Worrying. It’s Going To Be Ok.
Month: December 2012
New task force to reform bankruptcy procedures
Along with people from all over the country, Memphis residents continue to file for Chapter 13 bankruptcy. However, the procedure for filing for Chapter 13 bankruptcy can be quite complicated, but both the federal courts (that administer the country's bankruptcy...
New solutions for student loan debt?
Student loan debt all across the country and right here in Memphis, Tennessee, continues to grow. New estimates suggest that one in five houses has student loan debt over $26,000. As loan debt grows more and more, debt management will become more important in...
Bankruptcy covers debts owed to government
All over the country and right here in Memphis, people continue to file for bankruptcy. Chapter 13 bankruptcy allows the debtor an opportunity to restructure and pay down his or her debts to creditors. Recently in the South, a couple filed for bankruptcy. The husband...
Students struggle to repay student loan debt
More and more students here in Memphis and across the country are going to college and taking out loans. Unfortunately, many find themselves struggling with debt management. As the student loan crisis continues to grow, people are in search for more options for debt...
Chapter 13 bankruptcy can benefit people from all walks of life
All over the country and right here in Memphis, people struggling with debt continue to file for personal bankruptcy. While filing for Chapter 13 bankruptcy can be a difficult and personal process for people, it can also provide a much-needed way out from overwhelming...
Student loan debt not being paid back
Nowadays, more and more students are taking out loans, and while other types of debt are being paid back, student loans are not. It is clear that students are struggling with debt management and need debt relief. Students across the country, and right here in Memphis,...
Chapter 13 bankruptcy cases backed up in court
All over the country and right here in Tennessee, bankruptcy filings are down. While these filings are down, the courts are still facing a backlog of bankruptcy cases. Around the country, courts are facing a backlog of Chapter 13 bankruptcy cases. While the number of...
Memphis consumers can reduce holiday credit card debt
As the holidays approach, consumers in Memphis may welcome some tips about managing their holiday spending -- and avoiding excessive credit card debt. True, the temptations abound. For those able to forego the in-store deals offered by Black Friday, the lure of online...