If you are behind on payments to a creditor, you know the sinking feeling when your phone rings. Creditors and debt collectors can legally contact you frequently, as long as they don't harass you, lie to you or threaten you. Nevertheless, a conversation with a debt...
Year: 2019
Why is some property exempt from bankruptcy proceedings?
Going through bankruptcy can be stressful on a Tennessee family. After finding themselves in a dire financial situation, the members of the family may have to make the difficult decision to file for Chapter 7 or Chapter 13 bankruptcy. Starting the bankruptcy process...
Unexpected medical costs a major cause of personal bankruptcy
For most people, having a job is a necessity. Without gainful employment they cannot keep food on their tables, rooves over their heads, and clothing on their backs. However, when it comes to finding work, many Tennessee residents also look for job opportunities that...
A discussion of disposable income related to a Chapter 13 claim
When a Chattanooga resident files for Chapter 13 bankruptcy they will be expected to use some of their income to pay off their debts over time through the execution of a repayment plan. As such, a person must have some disposable income that they can dedicate to this...
Take control of burdensome credit card debt
It is hard to imagine how a Tennessee resident may live in the modern world without a credit card. While it may be possible to write checks and pay cash for many of the expenses a person lives with on a daily basis, the ubiquity of online shopping, bill paying, and...
A minor medical reaction leads to a major medical bill
The human body is an amazing thing, but not everyone knows exactly what ailments and conditions may be lurking just below their own skin. Even when Tennessee residents stay on top of their health and meet regularly with their doctors, they may suffer surprising...
How much debt can one person handle?
Many Tennessee consumers have credit card debt. Even though most people have this type of debt, not everyone can manage it. In fact, some people find they are not able to really manage their balances, eventually leading to precarious financial situations. Credit card...
What does asset liquidation mean?
Chapter 7 bankruptcy is a legal tool that may help some Tennessee residents eliminate their debts and improve their financial futures. However, as it does require individuals to meet certain criteria, it is important that readers talk to their attorneys about whether...
Federal workers struggling to pay medical bills during shutdown
It is never fair for a hardworking individual to have to choose between paying to keep a roof over their head and having a necessary medical procedure that will improve their health. However, this is just what some government workers have to do because of the ongoing...
What happens at a meeting of the creditors?
Filing for Chapter 13 bankruptcy is the beginning of a lengthy legal process that may force an individual to face difficult truths about their financial situation. For example, one of the requirements of moving through the process that a Tennessee resident must...