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...
Year: 2018
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...
Overcoming the barriers to bankruptcy
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...
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...
Chapter 13 bankruptcy and vehicle ownership
Tennessee residents who have substantial debts may use the Chapter 13 bankruptcy process to address them if they have a regular source of income. This type of bankruptcy requires the court to approve a repayment plan that lasts either three or five years. If they own...

