Lefkovitz & Lefkovitz
Nashville Office
615-686-2279
Cookeville Office
931-400-2218
Serving all of Middle Tennessee's Bankruptcy Needs
We help individuals and businesses find the right solution to their money problems.

October 2017 Archives

Is debt consolidation a good idea?

Tennessee residents who struggle to pay off their financial obligations often consider seeking relief through certain debt management programs as an alternative to bankruptcy. One option is that of debt consolidation, in which the debtor either obtains a low-interest loan to pay off all debt at once, or transfers balances to a zero percent interest credit card.

Five bankruptcy lies that you shouldn't believe

Bankruptcy is a loaded topic. Many people have strong opinions about what it is and whether it's even ethical. But since they may be missing important information about bankruptcy, lots of struggling consumers believe lies that keep them from enjoying the incredible benefits - we can call it financial magic - that a Chapter 7 or Chapter 13 filing can unlock.Being in debt feels horrible, especially when the debt comes from something beyond your control, like an income loss, an illness or a divorce. Are you letting any of these lies hold you back from getting the debt relief you want?

Helping Tennessee residents understand bankruptcy

An individual or business entity may opt to file for bankruptcy as a way to handle an issue related to debt or other financial difficulties. One of the most important things to know about bankruptcy is that there are different options available. For instance, individuals might benefit most from Chapter 7 or 13 bankruptcy while businesses generally opt for Chapter 11.

Equifax makes subtle change to reporting policy

Typically, Tennessee residents would need to contend with a Chapter 13 bankruptcy on their credit report for seven years. However, in the past, those who had an Equifax credit report may have had to deal with that bankruptcy for 10 years. This may have been true for those who failed to complete their Chapter 13 plan, which isn't an uncommon occurrence.

Credit card debt, quicksand and escaping through Chapter 7

Credit card debt can feel a lot like quicksand, a volatile blend of sand and water that exists in real life, not just in old TV shows and movies. Quicksand looks harmless on the surface, but once you've fallen in, it can be very difficult to get out; asphyxiation, thrombosis, fatigue, heat and dehydration end up killing many victims. As watchers of 1970s television can attest, the panicked struggle to escape makes you sink deeper.

Curing your credit card disease: Bankruptcy vs. debt management

In many ways, consumer credit card debt is like a disease, a crippling ailment that afflicts people of all ages, backgrounds and income levels. But often a credit card problem is just a symptom of a more significant issue like a divorce, a job loss or business failure, or a costly medical episode. When left unchecked, the debt can cause high levels of stress, which in turn can strain relationships, create or exacerbate anxiety and depression, and affect the consumer's physical health.

Nashville Office
618 Church Street, Suite 410
Nashville, TN 37219

Phone: 931-400-2218
Fax: 615-255-4516
Nashville Law Office Map

Cookeville Office
312 East Broad Street, Suite A
Cookeville, TN 38501

Phone: 931-400-2218
Fax: 931-526-6244
Cookeville Law Office Map