The thought of losing your home to foreclosure: It's a nightmare that you hope will never come true. But if you're behind on your mortgage payments and the bank is threatening foreclosure action, you may be looking desperately for a solution that will get things back on track financially.
Married people can get confused about how to utilize Chapter 7 or Chapter 13 bankruptcy protection. Some couples with excessive debt -- whether it is related to an illness, a job loss, a business issue or another problem -- know bankruptcy can help bring relief, but they may be unclear about whether they should file together or separately, which can be more expensive and complicated.
According to a recent review of federal bankruptcy data conducted by NerdWallet - a financial information organization - six out of the 10 states with the highest personal bankruptcy rates can be found in the South. Topping the list with 553 bankruptcy filings per 100,000 residents is Tennessee.
If you are overwhelmed by debt and are thinking about filing for bankruptcy, you may be wondering which, if any, of your debts can be discharged. The good news is that most debts, including medical bills and credit card debt, can be wiped clean by Chapter 7 bankruptcy.
Are you facing a lot of student loan debt in Tennessee? Many students are, and you may be looking for a way out. Chapter 7 bankruptcy is a type of bankruptcy also known as liquidation that erases debt after assets are sold. So, can you use this to get rid of your student debt?