For Tennessee residents and others across the country, medical debt is the most common reason to file for bankruptcy. Of those who have insurance and are under age 65, approximately 20 percent say that they have trouble paying medical costs. Although seniors are most...
Year: 2018
Chapter 13 and mortgage arrears: How long before it’s serious?
Every homeowner wants to pay their mortgage on time. But things can happen to us that cause financial trouble and make it difficult to stay out of problem debt. Illness, divorce, job losses and business problems are examples of hardships that can lead to missed...
Remington announces bankruptcy plans
Tennessee residents have used firearms manufactured by Remington to hunt or protect their property for two centuries, but declining sales have placed the future of the North Carolina-based company in jeopardy. The Remington Outdoor Company announced on Feb. 12 that it...
Courts may reshape “cram down” modifications
A series of bankruptcy court decisions could signal an impending shift in the way Tennessee courts treat residential mortgages. In a number of cases, Ohio bankruptcy judges greatly expanded a debtor's ability to "cram down" a mortgage on their primary residence. This...
Chapter 11 bankruptcy for individuals
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...
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...
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...
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...

