Even if you have high-quality, comprehensive health insurance, do not assume all your medical bills are completely covered. Depending on your situation, you could find yourself receiving one bill after the next. If your medical debt mounts, it is critical to implement...
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Get a handle on your holiday debt now
The holiday season is behind you, but you might still have to take care of one aspect of the season – credit card bills. This can be a challenging situation, and it might even be overwhelming. Determining how to pay these off requires a plan, so you need to try...
Can you protect home equity in Tennessee Chapter 7 bankruptcy?
If you are like most people living in Tennessee, your home is probably your most valuable asset. Nothing else you own, other than a well-funded retirement account, will have a similar value to that of residential real estate. Many people spend years saving a down...
Answer these questions before filing for business bankruptcy
Your business is bogged down by debt, you're unable to stay current with your obligations and your employees are beginning to worry about what the future will bring. While this isn't a situation you want to be in, it's something that many business owners have dealt...
What to do about credit card debt
You're buried in credit card debt, looking for a way out but never seem to make any progress. As frustrating as it may be, there are steps you can take to slowly dig yourself out of debt, thus resulting in improved financial circumstances in the future. While no two...
How does the repayment period in Chapter 13 bankruptcy work?
Whether your debt has gotten out of control because of a medical condition or because you close the gap between what you earn and your cost-of-living expenses each month with credit cards, excess debt can make your life very difficult. You may only be able to make the...
How to effectively deal with business debt
Owning a business is a big responsibility, especially if you have employees who rely on you for a paycheck. While it's natural to incur debt during the course of business ownership, how you manage it will dictate your financial health. Your goal is to avoid a...
The 4 key advantages of Chapter 7 bankruptcy
As an individual facing mounds of debt, Chapter 7 bankruptcy may be the best way to regain control of your financial life. Understanding the advantages of Chapter 7 bankruptcy, as compared to other options, allows you to make an informed decision on what to do next....
Debt consolidation: A viable solution to your financial problems?
Debt has a way of piling up over time, even if you have a sound financial plan in place for maintaining stability. When this happens, you may come to find that your debt is difficult to manage and a challenge to keep up with. While consolidation isn't the right...
Credit card debt settlement: You have options
If you're drowning in credit card debt and struggling to find a solution, it may be time to contact your credit card company to discuss your situation. While not available to every consumer with debt, there may be a settlement option that works well for both parties....