Tennessee residents who have had their bankruptcy case dismissed may find it difficult to obtain an auto loan. They should understand the impact a bankruptcy dismissal can have on their future credit. Individuals who file for bankruptcy are required to adhere to the...
Month: June 2017
Filing for bankruptcy: What will my friends think?
Financial struggles can carry an embarrassing stigma that most of us would like to avoid. To some people, filing for bankruptcy is a horrifying idea that would make them look bad and seem irresponsible or weak in the eyes of their friends; to others, the difficulty is...
How interest rate hikes impact credit card debt
Tennessee residents may have heard about the Federal Reserve's decision to raise the federal funds rate to between 1 and 1.25 percent. This is the second time that rates have been raised this year, and a third hike could come later in 2017. For those with mortgages or...
Strategies for getting credit card debts under control
Tennessee residents who are experiencing financial troubles have options for getting credit card debts under control. People with decent credit ratings could have the option of transferring debts to a new credit card that offers zero percent interest on balance...
SlideShare Available On Small Business Bankruptcy
Our firm recently published a SlideShare on debt relief options for small business owners. Learn about bankruptcy and its alternatives, as well as how Tennessee bankruptcy exemptions affect which property you can keep. Bankruptcy For Business Owners from The Law...
Modifying a Chapter 13 payment plan
When Tennessee debtors seek relief from overwhelming financial obligations by filing Chapter 13 bankruptcies, they enter into payment plans lasting either three or five years. Bankruptcy courts approve these payment plans as long as they are realistic and equitable,...
3 dangers of credit card debt
Many Tennessee residents have high amounts of credit card debt. In fact, among U.S. households, the typical credit card debt is about $5,700, and the average age of those with the highest amount of credit card debt are those between the ages of 45 and 54, according to...