Tennessee residents may be wondering if it makes sense to buy a car before filing for bankruptcy. Those who are filing for Chapter 7 bankruptcy could actually benefit from such a purchase because the equity in their vehicles may be exempt from creditors. Paying for...
Month: January 2017
Caesars ready to restructure debt in 2017
Tennessee residents may be interested to learn that Caesars Entertainment Corporation and Caesars Entertainment Operating Company, Inc. are filing for Chapter 11 bankruptcy. The U.S. Bankruptcy Court for the Northern District of Illinois confirmed the bankruptcy...
Spouses filing separate bankruptcies: A question of IF and WHEN
Married people can get confused about how to utilize Chapter 7 or Chapter 13 bankruptcy protection. Some couples with excessive debt -- whether it is related to an illness, a job loss, a business issue or another problem -- know bankruptcy can help bring relief, but...
CPFB report reveals debt collector abuse and harassment
Debt collectors make thousands of calls to Tennessee residents every day, but more than half of these communications are based on inaccurate information or are being made to the wrong person according to a report published on Jan. 12 by the Consumer Financial...
Ways to better manage credit debt
Tennessee residents may have heard that the Federal Reserve raised interest rates near the end of 2016. This could make it more expensive to repay credit card debt. On average, an American household pays $1,300 a year in credit card interest. However, there are some...
The problem with bankruptcy myths: They can hurt your family
When you're in financial trouble, your friends and family sincerely want to help. Everyone seems to have an opinion about what you should do to improve your situation and find relief. You can find plenty of "advice" on social media and in the "news," but how much of...
Is it possible to keep my house in bankruptcy?
Financial difficulties can be incredibly stressful, whether they are caused by a job loss, a divorce, an illness or another problem. A person can lose sleep, feel powerless and suffer multiple symptoms of depression and anxiety. Above all else, some homeowners are...
Is it possible to recover from massive medical debt?
If you or someone in your family has spent time being treated at a hospital recently, you know how expensive medical care is. Whether someone suffers a serious injury from a car accident, faces a cancer diagnosis or experiences a heart attack, the costs mount quickly,...
3 requirements for hardship discharge of Chapter 13 bankruptcy
Under a typical Chapter 13 bankruptcy agreement in Tennessee, the court grants a debtor three to five years to make payments toward a settlement that supplies creditors with a portion of the funds owed. The court determines the settlement and payment formula based on...