Chapter 13

When Tennessee residents fail to pay a creditor, they are likely to be expected to pay a late fee, and they may also be reminded by the lender that they owe money. If this goes on for an extended period of time, their account may be passed on to collections or sold to...

Tennessee residents who are in debt and are considering Chapter 13 bankruptcy may be interested to learn about an interesting bankruptcy rule. On Feb. 7, 2017, the United States Bankruptcy Court for the Southern District of Illinois issued Rule 3015.1, which requires...

In many cases, Tennessee residents die while they still owe money to credit card companies. Some family members may worry that they are obligated to pay these debts, and debt collectors and creditors may attempt to give people this impression. However, in the majority...

Unmanageable levels of revolving debt are a serious problem for a growing number of families in Tennessee and around the country, and the amount Americans owe to credit card companies now exceeds $1 trillion. Some financial analysts say that rising credit card debt is...

When financial woes overwhelm Tennessee residents, car loans might be among the first bills to go unpaid. Sometimes people choose to return the vehicle, or the lender repossesses it. No matter which action occurs, the consumer remains responsible for the unsatisfied...

There are certain steps Tennessee millennials can take to get out of debt. Having a firm grasp of one's finances and alleviating debt is essential to being able to being financially successful in the future. Millennials should be aware of exactly what debts they owe...

Tennessee residents may be wondering if it makes sense to buy a car before filing for bankruptcy. Those who are filing for Chapter 7 bankruptcy could actually benefit from such a purchase because the equity in their vehicles may be exempt from creditors. Paying for...

Debt collectors make thousands of calls to Tennessee residents every day, but more than half of these communications are based on inaccurate information or are being made to the wrong person according to a report published on Jan. 12 by the Consumer Financial...

Tennessee residents may have heard that the Federal Reserve raised interest rates near the end of 2016. This could make it more expensive to repay credit card debt. On average, an American household pays $1,300 a year in credit card interest. However, there are some...

Under a typical Chapter 13 bankruptcy agreement in Tennessee, the court grants a debtor three to five years to make payments toward a settlement that supplies creditors with a portion of the funds owed. The court determines the settlement and payment formula based on...