Category Archives: Bankruptcy
Chapter 13 Bankruptcy: Debt Repayment Plans

Chapter 13 bankruptcy allows you to negotiate, consolidate, and reduce your debt—whether it’s from medical bills, unemployment, a housing market collapse, bad investments, or other financial issues. In some cases, it may even eliminate some debt. This type of bankruptcy can stop home foreclosures and prevent the court from seizing your assets while allowing you…

5 Reasons Why People Declare Bankruptcy

A recent study ranked Tennessee No. 1 in nonbusiness bankruptcy filings, followed by Alabama and Georgia. In fact, the study estimates 6.22 personal bankruptcy filings per 1,000 people in Tennessee, which is about 2.3 times higher than the national average by state. However, the research also shows that Tennessee bankruptcy filings have been steadily decreasing…

All About Chapter 13 Bankruptcy

If you feel as though you are drowning in debt, then you may be wondering what your options are when it comes to filing for bankruptcy. After all, while bankruptcy should only be used as a last resort, the fact remains that it can be a great way for hard-working people just like you to…

Tips If You Are Considering Bankruptcy

Your debt is soaring, you can’t get credit and your job security is shaky. It’s natural to think bankruptcy is your only choice, but bankruptcy attorneys and credit counselors point out that there are plenty of steps you should first take. You may find out you don’t even need to file. You need to investigate…

Special Considerations for Fixed Income Individuals Filing for Bankruptcy

With the economy still languishing, senior citizens have also increasingly turned to bankruptcy to solve their credit card debt problems. When these seniors’ social security and income investments no longer can pay for the minimum monthly payment, bankruptcy often provides the solution they need. However, many senior citizens fear seeking out information on bankruptcy because…

Prioritize Debt and Finances

Everyone knows that ‘debt’ is a bad word. Even among young teenagers, who have never had to face debt themselves, this is common knowledge. For those who have dealt with debt personally, simply hearing that word brings up bad feelings and stressful memories. While it would be great if all of us could live an…

Student loan debate becomes electoral issue

Student loans serve an important function in American education—namely by enabling middle- and low-income students to obtain post-secondary education and training that their families would not otherwise have been able to afford. But the drawbacks can be numerous; one such drawback is the fact that student debt cannot currently be erased by bankruptcy. As a…