Chapter 13

Many Tennessee residents have high amounts of credit card debt. In fact, among U.S. households, the typical credit card debt is about $5,700, and the average age of those with the highest amount of credit card debt are those between the ages of 45 and 54, according to...

A Supreme Court ruling could directly effect Nashville citizens who are seeking debt relief. The 11th Circuit had ruled that a debt collector was in violation of the Fair Debt Collection Practices Act after it submitted a proof of claim on a time-barred debt to a...

Tennessee consumers can take steps to improve their credit after a bankruptcy even though it will stay on the credit record for several years. The first step is to make a budget. This will help a person pay bills on time, and 35 percent of a FICO score is based on...

Tennessee residents may have an understanding of a trustee's role in a Chapter 13 case. A ruling by a judge from the U.S. Bankruptcy Court for the Southern District of Texas further clarified what a trustee is not allowed to do when it comes to adjusting payments...

Tennessee consumers who have fallen behind on their bills could find themselves being contacted by debt collectors in new ways. Two new methods include the use of avatars and voice mails that arrive on a person's phone without making a sound. Consumer groups are upset...

Tennessee residents who are struggling to cope financially sometimes do not file for bankruptcy because they worry about the impact that doing so would have on their credit ratings. While personal bankruptcies remain on credit reports for seven or 10 years, the impact...

Tennessee residents may be using their credit cards more than in the past. According to the Federal Reserve, Americans have accrued $3.79 trillion in consumer debt. That is an increase of $15.2 billion in February according to data from a report it issued on April 7....

Tennessee consumers who are struggling with their financial obligations might be interested to learn that a bankruptcy court in another state ruled that when a debtor's bankruptcy attorney paid the debtor's filing fees, this did not permit the attorney to be repaid...

Many people in Tennessee and around the country look forward to tax refunds because they allow individuals to make large purchases or pay off significant debts. However, for some, a tax return will allow them to get out of debt by filing for bankruptcy rather than by...

Incarcerated people in Tennessee may be unable to file for Chapter 13 bankruptcy if they cannot demonstrate that they have enough income to make payments on their own. Chapter 13 allows people who file for bankruptcy to keep some property, but they must arrange to...