Separating fact from fiction is vital when you are going through the bankruptcy process. While bankruptcy can represent a fresh start, the rumors surrounding the process can be frightening. For instance, many Americans believe that they will automatically lose their...
3 ways Chapter 7 bankruptcy provides relief to debtors
Misconceptions plague bankruptcy, spawning fear in the hearts of many who might otherwise benefit from it. Among these fallacies are that if you file for bankruptcy, your credit will be forever ruined and you will lose everything you have. The reality is that...
The immediate relief through bankruptcy and how to rebuild
When struggling with debt, it can be difficult to think positively about your future finances. If you choose to file for bankruptcy, you may worry about the hit to your credit score or the debts that bankruptcy cannot discharge. When you discharge other debts, it can...
Mental hardships and the bankruptcy process
Whether you are struggling with dementia, have an anxiety disorder or are facing mental challenges due to a recent head injury, there are many ways in which your mental state can disrupt your life. If you plan on filing for bankruptcy or are already in the middle of...
How are Chapter 7 and Chapter 13 different?
If you find yourself without a job due to the recent economic downturn and consequently facing serious financial difficulties, you may have begun thinking about filing bankruptcy. However, you likely have numerous questions about the types of bankruptcy relief...
Bankruptcy: getting to the bottom of it all
Bankruptcy is a beneficial solution to many people in Tennessee who seek immediate relief from overwhelming debt. However, if those people neglect to analyze their situation and implement changes to their financial habits, they may find themselves in a similar...
Building healthy credit after filing for bankruptcy
Consumers who have struggled with serious debt may often worry that any hope for a positive financial future no longer exists for them. However, that need not be the case. Even after experiencing a challenging financial situation, including filing for bankruptcy, it...
Steps to take after bankruptcy
Filing bankruptcy can bring much needed financial relief, but once it is over, you will need to rebuild your finances and credit. If you want a better future without new debt trouble, you need to devise a plan for the steps you will take after your bankruptcy...
How does wage garnishment work in Tennessee?
Wage garnishment is a recourse that creditors take when you do not make regular payments on your debts. And while it can feel unfair and put undue pressure on your financial situation, as long as they get approval from the courts, these liens can pull a portion of...
3 things to know about bankruptcy
Between automatic stays, debt repayment plans and multiple code chapters, there is arguably a lot to know about bankruptcy. However, there is more to it than technical details. In general, bankruptcy can be a very good solution for people who want to get out from...