The number of people who file for bankruptcy in Tennessee and throughout the country tends to increase in March and April. Reportedly, this is because those who have thought about bankruptcy finally have the money they need to hire an attorney. While it is possible to...
Month: March 2018
Some misconceptions about bankruptcy and credit
When people in Tennessee file for bankruptcy, it does not necessarily mean they will be unable to rebuild their credit again. A Chapter 7 bankruptcy stays on the credit report for 10 years, but a Chapter 13 bankruptcy remains there for only seven. Furthermore, liens,...
American credit card debt on the rise
Americans, including Tennessee residents, are racking up a lot of debt according to a new report by WalletHub. In 2017, U.S. consumers accumulated $92.2 billion in credit card debt, which is the most in 10 years. They also added nearly $68 billion in credit card debt...
Debt, denial and bankruptcy: Johnny Depp’s spending (and yours)
Most of us would like to have more stuff, enjoy a more luxurious life and take nicer vacations, but there's one problem: We don't have enough money to get and do all the things we may want. Living beyond our means, whatever they may be, can lead us into serious...
Federal Reserve chair questions student debt bankruptcy policy
Tennessee residents who have ever received student loans for college may recall being warned that student loans must be paid even if the borrower ever declares bankruptcy. Though bankruptcy can dismiss other types of debt, student loans are banned from discharge. The...