When many Tennessee residents think of medical expenses, the typical issues that come to mind are treatments for illnesses. However, it is also important to remember that dental issues also fall under medical treatment, and therefore, these issues can contribute to a...
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Chapter 7
Chapter 7 could possible help decrease consumer debt nationwide
The amount that consumers spend in the United States is kept up with through studies in order for those spending habits to have a yearly comparison. These comparisons often help present facts indicating how much debt citizens have accrued over certain parts of the...
Mounting debt can occur when luxury is mistaken for necessity
In today's society, many conveniences that are truly luxuries are being mistaken as necessities. Because people are under the impression that they need many of the purchases they could do without, overspending occurs quite often. Personal income may not be sufficient...
How Chapter 7 will affect one’s credit report
For Tennessee consumers considering filing for personal bankruptcy, the aftermath of the process is often a mystery. One issue that is often misunderstood is the changes that will be made to one's credit reports. After a Chapter 7 bankruptcy filing, many of the...
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...
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...
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...
Addiction can also fuel the need to seek bankruptcy protection
As this blog has written about, bankruptcy can hit anyone when a financial emergency strikes. Unemployment and medical debt are two big drivers of bankruptcy. But for others, the need to file for bankruptcy can be caused by personal problems, such as an addiction. One...
Organic farm has to file for Chapter 7, farm may close
Many farmers in Tennessee have had to struggle to make ends meet during the last several years, as fluctuating prices, a stagnant economy and harsh weather have taken their tolls on family farms all across the state. Many have likely had to consider filing for...
Bankruptcy filings can have a lasting impact
When people use bankruptcy as a way to restructure their debt, most people know that the bankruptcy can have a lasting effect. All across the country, including in Memphis, when financial times get tough, people file for Chapter 7 bankruptcy. This can be a good...