Will Chapter 13 bankruptcy provide needed financial relief?
Sometimes income and expenses just don’t line up. In many cases, the Tennessee resident’s income is steady; however, something has happened and expenses have escalated. This can happen when there are unexpected medical bills, costly home expenses or any number of other expenses that make it difficult to meet financial obligations. When this happens, rather
Eligibility requirements and Chapter 13 bankruptcy
The struggle to keep up with expenses in today’s environment can be stressful. For a Tennessee resident, it may appear that there is no way to pay all of the necessary bills and still have money available for essentials and maybe even a little left over for “just in case.” While the individual wants to
Tennessee Homestead Exemption Simplified and Increased
When filing bankruptcy, one of the first questions an attorney will ask is, ‘How much equity do you have in your home?’ The amount of equity often caused a hardship on Tennessee residents who owned their homes when it came to their bankruptcy options. The homestead exemption is what protects a debtor from forcibly selling
Tennessee Homestead Exemption Simplified and Increased
When filing bankruptcy, one of the first questions an attorney will ask is, ‘How much equity do you have in your home?’ The amount of equity often caused a hardship on Tennessee residents who owned their homes when it came to their bankruptcy options. The homestead exemption is what protects a debtor from forcibly selling
Facing foreclosure?
The world is in a crazy place at the moment, and many people do not know how much more they can take. The thought of losing their home on top of everything else is too much to bear, but it is a reality many are facing. If you happen to be one of the many
4 tips for rebuilding your credit after a bankruptcy
Many individuals will avoid filing for bankruptcy because they worry about doing irreparable harm to their credit scores. In general, the harm has already been done while they were fighting to keep their heads above water. Late payments, missed payments and other loan defaults can cause financial damage. It is time to file for bankruptcy,
How to start rebuilding credit during bankruptcy
Many people living in Tennessee suffer from some form of debt. In fact, one recent report indicated that nearly 70% of the state’s population have some amount of medical debt. The state leads the country in medical bankruptcies because so many people are unable to repay the debts on their own. You may be hesitant
You can pay down debt and get back on your feet financially
Living in debt is not something you probably planned to do. Whether it was caused by overspending, losing your job, or medical expenses, debt may have snuck up on you and resulted in the situation you currently are in. When you’re in a high amount of debt, you have a few options. One option is
If asked to define the word “budget,” many would probably say is has something to do with devising a plan
If asked to define the word “budget,” many would probably say is has something to do with devising a plan to save money. However, it’s much more involved than that. It involves taking an accounting of where you spend your money and how your spending is impacting your ability to meet personal financial goals. Consumer
Stopping contact from creditors and seeking debt relief
One of the most annoying effects of being behind on payments and owing a significant amount of debt is the constant contact from creditors. Phone calls, letters and other means of communication are commonly used as they seek to get payment. Potential changes in the law could affect how creditors operate, and it may compel