Some people in Tennessee who are facing repossession of their vehicles might consider filing for Chapter 13 bankruptcy. This would potentially allow them to restructure a payment plan and keep the vehicle. However, there may be other alternatives that the person can...
Month: February 2019
Study finds medical bills significant factor in bankruptcies
Tennessee residents who are struggling to pay their medical bills are not alone. A study that appeared in the American Journal of Public Health found that illnesses and their associated costs contributed to around two-thirds of all bankruptcies. According to the...
Reasons to consider bankruptcy as opposed to foreclosure
If a Tennessee resident is struggling to keep up with a mortgage payment, it may be possible to ask for a loan modification. However, there is no guarantee that a lender will allow this to happen. If a lender does not want to modify the terms of a home loan, a...
Discharging student loans in a bankruptcy
With student loan debt increasing throughout the U.S., many college graduates in Tennessee may be tempted to turn to bankruptcy. While students loans were dischargeable in bankruptcy prior to 1976, Congress has amended bankruptcy laws several times. Since 1998, public...