Several financial experts have predicted that the U.S. Federal Reserve's decision to raise interest rates on Dec. 14 may be a signal that the era of historically low borrowing costs is drawing to a close. While the modest quarter point increase may not be a cause of...
Year: 2016
Court bars future discharges after repeat bankruptcy filings
Tennessee residents may file for bankruptcy more than once in their lifetime. However, a bankruptcy court can choose to bar a future discharge of debts in some cases. It is rare for a bankruptcy court to restrict future discharges, but a court will do so if a debtor...
Stopping debt collection calls during the holidays
Around the holidays, many people in Tennessee enjoy time at home with their families. Receiving calls from collection agents at this time could put a damper on the jovial mood. While collection agents are not allowed to call at inconvenient times, there are no...
The truth about working with debt negotiation companies
Tennessee residents who struggle with debt might wonder what other repayment options exist. In addition to credit counseling, one could also enlist the services of a debt negotiation firm. These debt companies attempt to help with an individual's debt obligation by...
Time of property transfer can be a bankruptcy issue
Every Tennessee bankruptcy filing presents courts with unique circumstances to consider. A case between a dentist and a patient awarded a judgment for malpractice illustrates one of the problems that can arise between debtors and creditors. In this case before the...
Filing for bankruptcy after identity theft
Identity theft is a risk for people in Tennessee, especially for those who own credit cards and regularly travel in crowded areas. One of the easiest ways for an identity thief to obtain a victim's credit card information is by using a card-skimming device that steals...
Court rules pawned vehicle is part of bankruptcy estate
People in Tennessee who have pawned some possessions prior to filing for Chapter 13 bankruptcy might be able to pay off those loans and get them back, but it depends upon the jurisdiction and when the items were pawned. In Georgia, a man pawned his vehicle and then...
Handling old debt
Tennessee residents who are being contacted by debt collectors should be aware of old obligations that are being pursued. This can include forgotten debts as well as debts that are beyond the statute of limitations, had already been resolved or discharged through...
The basics of secured and unsecured debts
Federal bankruptcy laws distinguish between secured debts and unsecured debts, and the distinction can make a big difference for Tennessee residents considering petitioning under Chapter 7 or Chapter 13. How a debt is categorized impacts the options the debtor and the...
What is the best way to stop harassing calls from debt collectors?
Even though the Fair Debt Collection Practices Act (FDCPA) places restrictions on how debt collectors can interact with consumers, many debtor collectors have been known to push these restrictions to the limit - and sometimes beyond the limit. For instance, some...