Student loan debt among the Millenial generation gets a lot of attention for a good reason, but what gets less attention is the high amount of credit card debt accumulated by this same group. According to a survey conducted by CompareCards, only 13 percent of younger...
Nashville, Tennessee, Bankruptcy Law Blog
Women often struggle with credit card debt
A new study has found that women are less confident than men that they can pay off their credit card debt. Specifically, it found that 26% of female respondents expressed doubt that they could pay their balances in full this month. Only 14% of male respondents felt...
Tennessee leads national debate on surprise medical bills
Across America, when people declare bankruptcy, medical bills are the reason they cite most often. It was true well before the Affordable Care Act. But in recent months, the role of surprise, out-of-network medical bills has rocketed to the top of the legislative...
When filing for bankruptcy is a good decision
During the financial crisis, there were 1.6 million bankruptcy filings per year. While that number has dropped by roughly 50% in recent years, it doesn't necessarily mean that Tennessee residents are doing better financially. In some cases, individuals don't file for...
Chapter 13 bankruptcy offers additional choices for debtors
Many people in Tennessee struggle to make ends meet, even if they have significant assets or properties that they want to keep or make a substantial salary. Credit card debt, medical bills and other expenses can put people's financial health and credit rating at...
How to respond to a debt collection lawsuit
In Tennessee and across the United States, people who are experiencing severe financial challenges may need to contact an attorney regarding debt relief. Delinquency in mortgage payments and credit cards may lead to a constant bombardment from creditors attempting to...
Many bankruptcies are linked to student loans
America's student loan debt crisis is taking its toll on consumers in Tennessee and across the United States. A new study by LendEDU finds that 32% of individuals filing for Chapter 7 bankruptcy have student loan debt. Of those individuals, student loans account for...
Can an LLC bankruptcy impact your personal assets?
As a small business owner, even allowing yourself to think about bankruptcy can be nerve-wracking. You've likely put blood, sweat, tears and countless hours into launching and running your limited liability company. But for whatever reason, you're having trouble...
Bankruptcy vs. debt consolidation: the pros and cons
Your business has had a few down years and the debt is stacking up. The bills for your surgery are astronomical, the car just died, and your credit card debt is getting out of control. For many, these situations are a reality and can be suffocating. The amount of debt...
Can your employer provide debt relief?
Employers across the United States have started to offer student debt relief benefits to their employees. Student loan assistance started as a niche offering by a handful of companies and has grown in recent years. This benefit has been helpful to employees...

