Tennessee consumers who are in debt may be eligible to file for Chapter 11 bankruptcy. Despite popular belief, the Chapter 11 bankruptcy is not intended only for companies. Individuals who are not able to qualify for Chapter 13 may be able to reorganize their debt...
Month: January 2018
Collectors who harass consumers: Understand and STOP the calls
One of the worst things about being in debt is having to deal with harassment -- and embarrassment -- from creditors and the bill collectors who work for them. From threatening letters to nasty phone calls, this harassment can be very stressful, especially when you...
Celebrities and bankruptcy: Their problems … and yours
We’ve talked about celebrity bankruptcies in previous blog posts. Many of our readers like this topic because it illustrates clearly that we all go through hard times in our lives. It normalizes and validates their experience of stress and anxiety as it relates...
Celebrities and bankruptcy: What do I have in common with them?
No one is immune to financial problems, even the wealthy. If you are struggling with debt you can't afford, and you're considering a Chapter 7 or Chapter 13 bankruptcy as a means of relief, not only are you not alone -- you are in incredible company! The list of...
Pitfalls with medical credit cards for consumers
A survey by the Kaiser Family Foundation found that approximately 33 percent of people around the country have trouble paying their medical bills. Tennessee patients who have used a medical credit card to pay for these expenses may not be fully aware of the...
Chapter 13 bankruptcy and foreclosure: Four things to consider
Many people find themselves behind on their mortgage payments because of an unforeseen event like a job loss, a business problem, an expensive medical event or a divorce. Some consumers consider a Chapter 13 bankruptcy filing to stop the foreclosure process and save...
Which generation struggles the most with debt?
Many Tennessee consumers struggle with multiple types of debt, including credit card bills, student loans, medical bills and unpaid taxes. According to one report that compared how different generations were managing their debt, members of Generation X are struggling...
About Chapter 11 bankruptcy
A business owner in Tennessee may use Chapter 11 bankruptcy to reorganize a company if it's saddled with substantial debt. While this type of bankruptcy is usually associated with corporations, small businesses are also eligible to file. Chapter 11 allows debtors to...
Ways to cut down on debt
Many Tennessee consumers are overwhelmed by their debts and believe that they will never be able to pay them off. However, some of them who have substantial levels of debt have several options to try to repay them and to improve their credit scores. If people have...