Chattanooga Bankruptcy Law Blog
Bankruptcy Myth: Bankruptcy Destroys Your Credit
There are a number of myths surrounding bankruptcy that can scare people away from getting a fresh start and relief from overwhelming debt. One of the most common myths is that your credit score will never recover after filing bankruptcy. You might think that you’ll...
Rebuild your credit following bankruptcy with these 3 tips
You have struggled to pay your bills, and that has been reflected in your credit score. Now in the 400s, your score is nearly as low as it can be. You know that you won’t be able to get more credit, and you don’t see a way to improve your situation with any other...
What debts can bankruptcy discharge?
Mounting debts can make anyone’s life difficult. While you likely want to repay yours, you may lack the ability to. Yet, you may fear that some of your debts do not qualify for discharge. This may be the case, but it depends on the debts you have and the type of...
Is there any way to discharge student loan debt?
You’ve been struggling with debt for a long time. You owe over $500 in student loan payment every month, which is nearly as much as your $600 in rent. You have a job that pays decently, but with rent, utilities, your loans and other items that you need, you’ve found...
Millions of Americans struggle with medical debt
Of all the kinds of debt, medical debt is among the most shocking. When you go through an emergency, you’re focused on your health. You do what you have to do to be healthy again. You go without work and spend time focused on recovery. Then, the bill comes. Medical...
Which type of bankruptcy is right for me?
Bankruptcy can be a lifesaver for many people who are struggling with unexpected or sudden financial debt. Although Chapter 7 and Chapter 13 bankruptcy can be the key you need to get a clean slate while starting over, which option is best for you? Bankruptcies are...
When should you consider filing for bankruptcy?
Debt is a fact of life for most people. Whether you have a mortgage, student loans, car payments, or carry a credit card balance, you owe somebody something. Some people can manage their debt. For others, a financial disaster such as a medical emergency or the loss of...
Can bankruptcy stop the repossession of your financed vehicle?
If you have a financed vehicle, there is likely a link between your job and your car. You probably needed to prove your income in order to secure the necessary financing for the vehicle in the first place, and you likely need to keep the vehicle in order to commute to...
Payday loans are a worse debt trap than credit cards
When people talk about predatory lending, they often focus on credit card companies, many of which can charge interest rate percentages that range from the high teens to the low 30s. Paying 30% interest may seem unfair and unreasonable, which may make people look for...
How long does it take to file for bankruptcy?
Bankruptcy is a powerful tool that can help people manage their debt or eliminate a vast amount of it. While the benefits of bankruptcy can free a trustee from massive amounts of financial debt, it takes time to experience the benefits of bankruptcy. Bankruptcy is a...
