People in Tennessee may find that having a credit card can be both a bonus and a burden. On one hand, credit cards can be useful when we are in a financial pinch and cannot afford to pay for something outright. If we pay the full balance of our credit cards each month, it can increase our credit score -- another bonus.
Does a debtor have to sell everything to file Chapter 7?
Getting out from under debt can be a long and difficult process. No matter what path a person chooses to achieve debt relief, they may first wish to consult with a bankruptcy attorney to better understand the bankruptcy process. Some Tennessee residents may have misconceptions about how the bankruptcy process works, particularly when it comes to liquidating their assets through Chapter 7 bankruptcy.
How many times can a person file for Chapter 13 bankruptcy?
While most people may hope to never have to file for personal bankruptcy during their lifetime, others may successfully use bankruptcy to turn around their financial misfortunes. In the event that they stumble back into monetary troubles after receiving their Chapter 13 discharges, some Tennessee residents may wish to use the legal process again to steady their economic difficulties. While a person can file for Chapter 13 bankruptcy more than once, there are time limits on how close together those filings may be.
Was your bill sent to a debt collector? Here's what to do next
Owing a significant amount of debt is frustrating, especially if your financial frustrations are the result of things that are beyond your control. For example, you may find yourself facing significant medical debt after a sickness, extended stay in a Tennessee hospital or unexpected surgery. You may not have the savings to deal with the bills that just keep coming, and before long, you may be hopelessly behind.
Motherhood and medical debt: A statewide problem
Having a baby is an incredibly stressful time for an expectant Tennessee mother. While her concerns may surround her own health and that of her baby, she may also worry about retaining her career as a mom, earning an income that will support her and her family, and paying for the medical services that they will need when labor and delivery begin. The financial aspects of having a child are significant, and for some new mothers, debt becomes a problem shortly after they give birth.
