Falling behind on your mortgage payments brought enough trouble to your door, but now you must consider the full impact foreclosure has on various aspects of your life. What ill effects do you think your credit score could suffer? No matter what lead to your...
If you are awash in debt and find yourself living on your credit cards because your employer reduced your hours or laid you off, you know you are in a downward spiral that likely will not end. In fact, you may arrive at the point where bankruptcy becomes your only...
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...
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...
In Chapter 13 bankruptcy, you must prepare a repayment plan for your debts. You will work with the trustee in your case to create this plan. You must have a regular income to file this type of bankruptcy so that you have the funds to repay your creditors. According...
Filing bankruptcy in Tennessee is a last resort, but it can help you get out from under overwhelming debt and reset your finances. Many people choose Chapter 13 with a three- to five-year repayment plan rather than discharge debt because they want to keep their home...
When people are facing foreclosure, there are many different challenges many have to work through. For example, a lot of people in this position are experiencing financial problems, especially if they recently lost their job or are struggling with medical expenses due...
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...
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...
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...
