One of the most important things that people in Memphis and elsewhere can do to avoid having to file for bankruptcy is to save a decent amount of money to get you through an emergency. Of course with the economy the way it is, it would have been impossible for many...
Stop Worrying. It’s Going To Be Ok.
Month: February 2013
Coach’s creditor files lawsuit claiming bankruptcy fraud
One thing you have to consider when filing for bankruptcy is that you have to be prepared to give an honest account of all your assets. If you are caught hiding assets in an attempt to avoid liquidating them or altering the amount of money you have to pay your...
Bankruptcy can teach some valuable lessons to Tennesseans
One of the lessons that anyone can learn from filing for bankruptcy is to decide what is and wasn't important. For many people filing for bankruptcy under any chapter of the U.S. Bankruptcy Code, you will have to decide what you can sacrifice financially in order to...
Average credit scores of Tennessee residents plummet in last year
A new report out is bad news for not just residents of Memphis, but all Tennessee residents. The new report indicates just how far credit scores have fallen for Tennessee residents during the last year. A bad credit score can have many negative effects on a person's...
Casey Anthony racks up $792k in debt, files for Chapter 7
Many in Tennessee may not be aware of another kind of expense that could cause you to have to file for bankruptcy when you didn't think you were going to have to. For many people, going to court is not cheap. There are attorney fees and court costs even if you win...
Bankruptcies up in Memphis area in 2012
In a bit of mixed news that may not surprise many of our readers here in Memphis, Shelby County, Tennessee, had more bankruptcy filings in 2012 than in 2011. According to an analysis done by a local news organization, there were 12,471 filings in 2012, 50 more than...
Young adults breaking out the plastic, running up balances faster
Our Tennessee readers are no doubt aware of the harmful effects of the recession and the slow economic recovery. Just today the unemployment rate ticked up again. As a result, many people have had to use credit cards to make major purchases and pay their bills. This...