Residents of Tennessee might consider bankruptcy to be a last resort solution to debt. However, in some cases, bankruptcy could actually be a smart choice. The stigma associated with bankruptcy often causes people to avoid it by taking other steps to pay off debts....
Month: April 2018
How tax debt is treated in bankruptcy
The rules associated with filing for bankruptcy in Tennessee can be complicated. For example, a tax debt can be discharged in a bankruptcy under certain circumstances. However, this depends on the type of taxes owed, the priority the debt is given and how old the debt...
Is it REALLY impossible to discharge student loans in bankruptcy?
It's no secret that millions of Americans are struggling to keep up with their student loan payments. It's not just recent graduates or young people who are dealing with this problem. In the U.S., according to Forbes: As a category, student loan debt is now second...
Effective tips to getting past a bankruptcy
While nobody wants to file for bankruptcy, it can be a way to help a person overcome financial issues such as a medical expense or job loss. Those in Tennessee or elsewhere who need to file should work with a financial adviser to make a plan that will help them get...
How rising interest rates impact consumers
While a strong economy offers many benefits to Tennessee residents, it can also lead to higher interest rates and more debt. As the economy strengthens, individuals may first accrue more debt than they can actually afford to pay off in a timely manner. After they...
More Hollywood debt news: Weinstein Company files for bankruptcy
According to NPR News, the Weinstein Company Holdings LLC is filing for bankruptcy. In the aftermath of disgraced Hollywood mogul Harvey Weinstein's rapid downfall, the production company, founded by Weinstein and his brother, has not been doing well. So how does this...
Remington: 200-year-old businesses use bankruptcy. So can you.
No individual or business is immune to financial struggles and problem debt. Recent news about Remington Outdoor Company, the famous gun maker founded in 1816, filing for bankruptcy illustrates the point. Why does a 200-year-old company decide to address its debt...