Some people in Tennessee who are struggling with student loan debt may find it easier to discharge those debts in bankruptcy if a federal bill that has been introduced is successful. Discharging student loans has gradually become more difficult since the 1970s, and...
Nashville, Tennessee, Bankruptcy Law Blog
Credit card companies see potential red flags
If a Tennessee resident fails to pay a credit card balance, the card issuer may write it off. According to a representative from Capital One, a degradation in customer credit quality has led to an increasing number of charge-offs. It has also lead to an increasing...
Why Tennessee seniors shouldn’t use 401(k) funds to pay off debts
The number of older Americans filing for bankruptcy today is three times what it was in 1991. A combination of factors has contributed to the increase, including rising health care costs and a decline in pension benefits. Generally speaking, older Americans have fewer...
A break could be coming for student loan borrowers
Student loan debt is a major financial burden for many graduates throughout Tennessee and the rest of the country. This debt often prevents individuals and families from buying cars and even taking out loans for homes. In order to make things easier for borrowers,...
The different types of bankruptcy explained
Some Tennessee residents may be able to file for bankruptcy to get a better handle on their finances. Both individuals and businesses can file for protection from creditors, and there are many different types of bankruptcy to choose from. Chapter 7 bankruptcy is known...
What to know about debt collection efforts
Debtors in Tennessee and throughout the country may be contacted by a debt collection agency. While there are many tactics that they can use to collect payment, there are also things they cannot do in an effort to obtain a debt. It is important for an individual to...
Medical bills may hit even insured patients
A significant number of Americans in Tennessee may face a growing debt burden as a result of medical bills. Even though people often prepare extensively for the medical costs they will have to bear, almost one out of every seven patients received an unexpected bill...
Tennessee debtors might want to consider Chapter 13 bankruptcy
Chapter 13 bankruptcy is sometimes referred to as reorganization bankruptcy. It allows a person to pay off debts over a predetermined period of time, typically three to five years. It is ideal for a wage earner with good income who is having trouble making payments on...
Some employers are helping employees pay off debt
A number of Tennessee residents are battling with debt, whether it be from medical bills, credit card balances or student loans. Understanding the impact that this debt is having on their workers, a number of companies around the United States are offering to help pay...
Getting out of debt: Athletes who have used bankruptcy protection
We like to blog about celebrities who have used bankruptcy to get out of tough debt situations. We think it's important to remember that we all face hardships and make mistakes in our lives. Recent news stories have shown us numerous actors, musicians, business people...

