Tennessee residents may be surprised to learn that Americans are now carrying a total consumer debt load of $12.8 trillion. That figure is a new record high, and it tops the $12.7 trillion in consumer debt carried by Americans in 2008. Auto and student loan debt has...
Month: August 2017
Consumer debt on the increase
Many individuals and families in Tennessee struggle with their personal finances. in addition to trying to afford necessities, they also may be dealing with large amounts of personal debt. Recent research into the debt loads carried by many Americans show that this...
Bankruptcy trustees ask for passwords to online accounts
Tennessee debtors who file for bankruptcy might be asked about various assets, but they are normally not asked to provide passwords to online accounts. However, two Chapter 7 bankruptcy trustees in Maryland have requested that debtors turn over their passwords to...
The importance of paying bankruptcy fees
Tennessee residents who are considering bankruptcy should be aware of the importance of following the rules of the bankruptcy process. While bankruptcy is often a stressful time for those who may be struggling with overwhelming debt, this stress does not absolve the...
Chapter 7 and your credit card debt: WHAT credit card debt?
Credit card debt can rack up quickly, especially if you've been through a job loss, a divorce, a medical problem or another serious difficulty. Seemingly overnight, your monthly payments can skyrocket, your interest rates and fees can explode, and debt can beget much...
Life after Chapter 7: So WHAT if your credit is shot?
Being in serious debt is a lot like being in prison, emotionally . You may feel trapped and anxious for months or even years, with no relief. The overwhelming majority of Americans who are considering Chapter 7 bankruptcy are under financial stress because of medical...
How to tell when its time for bankruptcy
Some Tennessee businesses that are failing may benefit from filing for bankruptcy. It is possible that Chapter 11 bankruptcy offers an orderly method for restructuring debt and repaying creditors without having to shutter the company. There are many signs that a...