Memphis Bankruptcy Law Blog
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...
What should you do if you cannot pay your mortgage?
If you have debt that is steadily accumulating and beginning to affect your ability to stay on top of your financial obligations, it will not be long before you start to feel the strain of your predicament. If you own a home in Tennessee, one valid concern you may...
When Chapter 13 bankruptcy is right for you
People who struggle to stay on top of and ahead of their debts know the stress that a growing mound of debt can put on them. The inability to repay debts can leave them facing calls and letters from debt collectors and begin to make them fear losing assets or more....
Reasons to reconsider a loan modification
If you have fallen behind on your mortgage payments and are facing possible foreclosure, a loan modification is one possible option to resolve the matter. However, depending on your situation, it may not necessarily be the best option. There are several different...
How bankruptcy affects your job
You have many questions when you are thinking about filing for bankruptcy. Among the issues you should consider is the impact of bankruptcy on your job or job prospects. For the most part, bankruptcy should not have a negative bearing on your employment. As with any...
Beware of scams that falsely promise foreclosure relief
When you are facing foreclosure, you may be feeling vulnerable and searching for ways to save your home. The Federal Deposit Insurance Corporation warns that if you are struggling to pay your loan, you may find yourself targeted by mortgage relief scams that hinder...
Is it really impossible to discharge student debt in bankruptcy?
Federal student loan debt cripples many working adults as they struggle to keep their families afloat. You may have heard that it is impossible to discharge student loans when you file bankruptcy. However, there is a way to have your federal student loan debts...
What do you do when you are past your foreclosure sale date?
Nobody ever wants to lose their home. Unfortunately, when people lose their jobs, or when the real estate market crashes, they struggle with paying back very hefty mortgages. When you fall back on your payments for your home, chances are you may exhaust all options...
Depression, financial problems and bankruptcy
For those struggling with high levels of depression, daily life is tough for a host of reasons. Many people in this position experience problems in various facets of their lives, whether they have difficulty working or they are unable to stay in a relationship because...
