Stop Worrying. It’s Going To Be Ok.
Often people choose to invest their hard earned money in other companies and real estate. Sometimes these investments pay off, literally. But what happens when the investment does not work as planned and the investor ends up in debt? When in debt, one can choose to...
In tough economic times, many people find themselves in debt. In Memphis, people continue to pay their bills late and may max out their credit cards as a result of financial difficulties. Some, however, turn to bankruptcy or other options for debt relief. Despite the...
In recent posts, we've discussed a number of foreclosure avoidance and debt relief strategies, as well as a recent trend in the housing market of short sales. Today's story alerts readers in Tennessee to a potential debt management issue they could be facing at the...
Tennessee consumers struggling with credit card debt may be at risk for wage garnishment. When that happens more than one time, a consumer may also find that his or her job is in danger. A stockbroker recently learned this lesson the hard way. The man's unpaid credit...
In our last few posts, we've explored various aspects of debt collection activities by creditors. Today's posting discusses certain tactics by third-party debt collection firms which have drawn the scrutiny of governmental authorities. Since 2003, the number of...
A regional oil refinery which filed for bankruptcy several years ago recently announced that it has scheduled production to restart this fall. Its story is an example of how bankruptcy can provide legal options against aggressive creditors and debt management issues....
Tennessee banks that tapped a federal fund targeting small business loans have witnessed lending activity higher than the national average. However, according to the findings in a recent survey taken by a research firm, small business owners in Tennessee and across...
A recent study proposes a correlation between the current economic recession and divorce rates in Tennessee and across the country. Although the overall divorce rate in America has declined since the 1980s, data from the United States Census Bureau reflects an uptick...
When a consumer in Tennessee files a chapter 13 bankruptcy petition, the court typically appoints an impartial trustee to administer the case. After a payment plan is approved by the court, the appointed trustee is responsible for collecting payments from the debtor...
The Federal Housing Finance Agency recently announced new guidelines intended to streamline the process by which mortgage services may qualify eligible borrowers for a short sale. A short sale occurs when a homeowner sells for less than the amount he or she owes on...
