If you are considering a Chapter 7 bankruptcy, you may dream of a future without financial hardships. Since access to credit is more of a necessity than a luxury, many filers wonder when they can obtain credit again – and if they should. Unfortunately, the many...
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The key difference between account holders and authorized users
In a divorce, you have to divide assets and debts. If you and your spouse still owe money on a car that you purchased together, for instance, that vehicle may be both a debt and an asset. You have to decide how to deal with it when dividing everything from the...
3 early warning signs that you could be headed toward bankruptcy
When you’re faced with overwhelming debt, bankruptcy can be an invaluable tool for helping you get your head above rough financial waters. That said, it’s even better if you’re able to avoid financial troubles altogether. A bankruptcy filing can take time and, yes,...
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...
What happens if I default on my student loans?
The student loan debt most people incur while in college can be large. Most students focus on graduating. Many are willing to take on large debt to make that happen. Often, that means not thinking about ongoing financial obligations. The worst choice is defaulting. If...
Will bankruptcy destroy my credit score?
People who are struggling with debt may be reluctant to file for bankruptcy protection because they are concerned about what it will do to their credit score. Unfortunately, there’s no way around it. Filing for bankruptcy will damage your credit score. The good news...
Mortgage payments, escrow accounts and the threat of foreclosure
When you first took out a mortgage on your home, you likely set up an escrow account with your lender. An escrow account is set up to take care of your property taxes and homeowner’s insurance payments. It can be easy to forget about this account over the life of your...
How student loan debt affects your future
Many people pursue a college degree for the promise of better opportunities, better pay and ultimately a better life. But at what point does the financial burden of higher education start to outweigh the benefits? According to Pew Research, Americans owed roughly $1.5...
How to tell a minor business hiccup from a major financial crisis
When you first had a dream to become a Tennessee business owner, you might have spent hours upon hours thinking of your future and hoping to see that dream unfold someday. Perhaps, during the start-up phase, you even thought of quitting a few times, as is common for...
Welcome To Our Blog
We established this blog to share stories and information about topics relevant to our practice. Our intent is to regularly provide posts highlighting legal issues of local, state and national interest that we think you will find interesting. Check back later for...
