When Chapter 7 bankruptcy is removed from credit reports
For many Tennessee residents, one of the most difficult aspects of filing for personal bankruptcy is concern over how that decision will impact their credit score. From the time of early adulthood, Americans are urged to develop and maintain a positive credit rating. It is undeniable that Chapter 7 bankruptcy will lead to an immediate
Student loans can lead to need for debt relief options
For some college graduates, the high cost of tuition and associated expenses will come as a shock once those student loan bills start to roll in. Faced with the need to cover living expenses while working at an entry-level position, many will turn to credit cards to cover costs. Before long, a serious debt situation
New numbers suggest renewed need for debt management
According to recent statistics, American consumers have reached a new milestone in the accumulation of household debt. Researchers place total household debt at $12.7 trillion, which is more money than was owed at the peak of the 2008 credit bubble. That previous high mark was achieved at the same time that the global financial system
Benefits of bankruptcy for entrepreneurs
As a small business owner, you embody the American dream of pulling yourself up by your own bootstraps. However, with so many factors beyond your control, it is all too easy to become one of the 20 percent of new companies that do not make it through their first year. If you are struggling, declaring
Chapter 7 bankruptcy and the Affordable Care Act
It is difficult to turn on the television or open a newspaper without being bombarded with opinions surrounding the repeal or replacement of the Affordable Care Act. A great deal of effort is being put toward finding a health care approach that will provide the greatest good to the greatest number of Americans. For many
Is Chapter 7 bankruptcy a good fit for senior citizens?
Virtually all Tennessee residents are aware of the need to prepare for their retirement years. In practice, however, many people fail to make adequate preparations, and find themselves in dire financial straits during their later years. Others are simply victims of circumstance, and have fallen into debt through no fault of their own. No matter
Tips for avoiding serious problems with medical debt
Anyone can find themselves in need of urgent medical care, whether through an unexpected illness or injury. Being faced with a serious health concern is a stressful matter, and one that can be difficult for Tennessee families. Once the patient has been stabilized and is in the process of healing and recovering, yet another stressful
Things to think about in regard to Chapter 7 bankruptcy
For many Tennessee residents, financial strain has altered daily life. The stress and turmoil of being buried under a mountain of debt is hard to properly portray, but anyone who has lived this way knows exactly what it means to feel overwhelmed by debt. Chapter 7 bankruptcy offers a path out of debt and back
How to deal with delinquent credit card debt
Living in Knoxville means you are no stranger to hard work. There is nothing wrong with you wanting the finer things in life. But if you have racked up a ton of credit card debt to get those things, then you may be facing some gut-wrenching decisions to improve your financial situation. No matter what you
Debt management tips for the years after personal bankruptcy
When it comes to creating a stronger financial foundation after personal bankruptcy, it is often helpful to take a close look at the path, while also maintaining a forward-focused plan of action. That involves giving careful consideration to how one’s debt troubles became so pronounced, and taking active steps toward choosing a different path in