Millions of Americans live without health insurance, and tens of millions of others don't have adequate insurance to cover their bills if significant medical expenses come up. A CDC survey indicated that more than 28 million people under the age of 65 had no health...
Year: 2018
Understanding debt types
Many people living in Tennessee and around the country regard debt as a negative thing. However, the reality is that most people at one point or another will go into debt, often for good reasons. Instead of fearing debt, it is often best for people to take a more...
Will you lose your business if you file for bankruptcy?
Tennessee businesses fall into financial distress for a variety of reasons: economic downturn, risky investments and slow growth are just a few examples. Overtime, debts may accumulate and you may not see a way to repay your creditors. You know that you have a viable...
Why people wait so long to file for bankruptcy
Tennessee residents who have medical, credit card or any other type of debt that can be discharged through bankruptcy should file as soon a possible. This is also true for those who have a debt-to-income ratio that is higher than 40 percent. The longer a person waits...
What to know about filing for Chapter 13 bankruptcy
When an individual in Tennessee is struggling to pay his or her debt, it may be possible to file for Chapter 13 bankruptcy. Debts are repaid according to a plan approved by the court, and a plan must be submitted within 15 days of filing for bankruptcy. A judge will...
How to purchase a vehicle while in Chapter 13 bankruptcy
When Tennessee residents file for Chapter 13 bankruptcy, they are given either three or five years to complete the repayment program. During this length of time, it is common for someone to need a new vehicle. Fortunately, it is possible to finance a new car while...
When bankruptcy meets music: Gibson guitars files for Chapter 11
Nashville is known throughout the world as Music City because of the incredible proliferation of live and recorded musical artistry that has taken root and thrived here. While the music itself is alive and well, many Nashville businesses struggle with financial...
Understanding Bankruptcy
In 2015, Tennessee had the highest rate of bankruptcy filings in the nation; as a matter of fact, the number of filings there was twice the national average. Ergo, the citizens of this fine state are no strangers to the terror that comes with the possibility of not...
Bankruptcy pros and cons: How much can I discharge in Chapter 7?
Living in serious debt can be an incredibly stressful experience. With the powerless feeling of not being able to pay your bills and the constant harassment from creditors, it can seem like a nightmare from which you can't wake up. Enter Chapter 7. For consumers who...
Defaults increase for store credit card payments
For many people in Nashville, store-brand credit cards have led to debt that is increasingly difficult to manage. Delinquency rates on these types of cards have reached their highest level in seven years, according to Equifax, the credit reporting agency. The...

