Filing for bankruptcy protects you from high debts and lawsuits. Thus, it's vital to know when you should file for one . Nonetheless, some people overlook filing for bankruptcy, resulting in more trouble that they could have avoided if they had acted sooner. Here are...
Chattanooga Bankruptcy Law Blog
Can bankruptcy affect your job search?
You may have heard horror stories about people losing job opportunities because they had bad credit. Now you may wonder how it will affect your job search if you file for bankruptcy. But bankruptcy doesn't have to be a roadblock to employment. Bankruptcy is more...
3 reasons people choose Chapter 13 bankruptcy in Tennessee
Chapter 7 bankruptcy often seems like the best choice for individuals who have a lot of personal debt. It is faster and does not require that someone make payments for years before a filer’s case can be favorably resolved. Chapter 13 bankruptcy takes longer for...
How a debt spiral draws you in
People who are considering bankruptcy have sometimes found themselves in a debt spiral. They never intended to be here, but it seems like their situation is just continuing to get worse. They are still trying to make their payments on time and to make wise financial...
How much should you sacrifice trying to pay off medical debt?
It might surprise you to learn that many Tennessee residents tried extremely hard to pay their debt before filing a bankruptcy. From working multiple jobs to selling the car and walking, most have tried everything to accommodate their debt—especially medical debt. Why...
Will bankruptcy cost you a financed car?
Many people find their cars essential to allow them to earn a living. This is especially true for those who live in rural areas that lack a good public transport system. When they lack the funds to buy a vehicle outright, their only option is to get one on finance....
How will bankruptcy affect my mortgage?
Exploring your options for debt removal may have led you to decide on filing for bankruptcy. You may have found that most people file for either Chapter 7 or Chapter 13 bankruptcy. Chapter 7 bankruptcy, as you may already know, is a liquidation plan, which allows you...
How will bankruptcy affect my credit score?
Few people manage to survive on cash alone. Most rely on their credit score to borrow money. A good credit rating can help you do a lot of things. For example, buying a home, starting a business, paying for medical treatment or mending the car so you can get to work....
Credit cards make you spend too much
Many people who find themselves facing bankruptcy will blame credit cards. They will say that they simply spent too much money, they got in debt and they have no way to get out of it. If they use Chapter 7, they want to eliminate that debt, or they want to use Chapter...
How many U.S. hospitals aggressively pursue medical debt from patients
Hospitals are a vital part of the public health system. You go to the hospital when you are very sick or badly injured and need expert medical treatment. However, life-saving treatment is not free, as anyone who has ever undergone it can tell you. Even if you have...