Tennessee continues to have one of the highest personal bankruptcy rates in the country. Personal bankruptcy often carries a stigma but filing for bankruptcy can help individuals who are drowning in debt. Bankruptcy laws help individuals with significant amounts of...
Stop Worrying. It’s Going To Be Ok.
Month: April 2013
Foreclosures can impact homeowners’ mental health
The foreclosure rate has declined in the U.S. during the last few months but for homeowners still facing foreclosure, the nightmare may be just beginning. A new study found that foreclosures can cause distress for many homeowners, threatening their mental health...
Debt collectors still going after expired credit card debt
Many Americans racked up significant amounts of credit card debt during the recession and even years before then. While many have slowly been able to pay down their credit card debt, many people are still struggling with unpaid debt. The laws regarding credit card...
Tennessee borrowers beware of debt relief telemarketers
Tennessee readers who have been faced with overwhelming debt know how hard it can be to find a solution. People who have struggled with significant debt are familiar with the repeated calls, not only from creditors but from companies offering debt relief or...
Tax debt leads to bankruptcy filing for Grammy award winner
Grammy winning singer Dionne Warwick filed for personal bankruptcy recently, citing financial mismanagement and an overwhelming debt to the Internal Revenue Service. Her filing indicates that despite many years of success in the music business, Ms. Warwick has only...
Older Americans carrying significant debt into retirement
A recent report from the public policy institute at the AARP found higher credit card balances for Americans over the age of 50 than those under 50. In fact, Americans who are over 50 years old carry an average balance of more than $8,000. One significant factor,...