The term "bankruptcy" is often used broadly to refer to government assisted discharge of debt, but the law actually offers a few options for the consumer to consider. Most commonly, individuals who pursue bankruptcy choose either a Chapter 7 liquidation or a Chapter...
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Did the Affordable Care Act reduce personal bankruptcy?
During the last six years, fewer Americans have filed for personal bankruptcy. In fact, according to research by Consumer Reports, bankruptcies have declined by 50 percent. According to Consumer Reports, this decrease is partially the result of the Affordable Care...
Are you familiar with the top benefits of Chapter 7 bankruptcy?
If you have reason to believe that Chapter 7 bankruptcy is the best way to escape financial trouble, you owe it to yourself to learn more about the process. As you compare the pros and cons of filing, you'll soon realize if this is something that could put you in a...
Cancer is a common cause of severe medical debt and bankruptcy
When someone you love is diagnosed with cancer, your first concern is the process of treatment and the likelihood of remission. One of the very serious consequences of a cancer diagnosis is often a lot of medical debt. Cancer treatments, such as surgeries,...
Will you lose your home in Chapter 7 bankruptcy in Tennessee?
For many people, the biggest deterrent from seeking Chapter 7 bankruptcy relief is the potential to lose all of their assets. Often, the foremost concern is whether you can retain your primary residence during a Chapter 7 bankruptcy. Unlike Chapter 13, which includes...
The Important Differences Between Chapter 7 and Chapter 13 Bankruptcy
Many people go through life just fine until they run into unfortunate circumstances. When people exhaust their emergency funds or run out of sources of income, bankruptcy is often their only (and best) option. It is important to remember that filing for bankruptcy...
Is Debt Preventing You From Saving For Retirement?
We all know that everytime we pay a bill, that's one less payment we make into our own retirement fund. One of the forgotten benefits of bankruptcy is that you can pay yourself, rather than your creditors. People often forget that the payment they don't make to the...
The Financial Tragedy Of Health Care in the United States
Healthcare consumers in the United States have been sending out rallying cries over the high cost of medical services, devices and prescription medications for decades. Proponents of the Affordable Care Act (Obama Care) were hopeful its enactment would lower the cost...
Chapter 7 may help Tennessee residents with considerable losses
In many cases, individuals who are facing overwhelming debt could be looking at seemingly insurmountable amounts in due balances. When exploring ways to deal with these liabilities, many individuals may wish to look into Chapter 7 bankruptcy. Tennessee residents may...
Credit card debt could affect Tennessee residents for decades
Having serious debt may seem like a singular situation, but there are numerous people across the country, including those in Tennessee, dealing with thousands of dollars in debt. Credit card debt is among the most common type and is one that makes up a substantial...