Dealing with the possibility of foreclosure can be hugely stressful for you. This is especially true if you are already dealing with other monetary hassles, which is highly likely if foreclosure is an issue that you are facing. So what can you do when you are being threatened with foreclosure?
As anyone who has been harassed by creditors can say, the constant pressure of collection calls and letters can take a heavy mental toll on a person. This is especially true if the calls ever become more threatening or even malicious, which is not entirely uncommon.
Maintaining a credit card can be a lot of hard work. A person has to monitor their spending, keep track of their bills, meet the minimum payment every month, and be timely with payments. However, some people may fall behind on their payments. This is called delinquency.
Having a medical emergency can be taxing on you both physically and monetarily. This is because medical-related expenses are often extremely high. Many people go into debt because of medical bills. Here at Rothschild & Ausbrooks, we understand that you would like relief from medical debt without having to forsake your health.
Deciding to file for Chapter 7 bankruptcy is a huge step to take. However, there is still much work to be done even after this is made. In particular, there is a lot of paperwork involved. All Chapter 7 bankruptcy filers will need to keep an eye on these papers and requirements..
In bankruptcy law, there is what is known as an adversary proceeding. This is typically brought by the trustee to recover assets of the debtor, which may have been unfairly transferred to one creditor in preference to another. These payments are sometimes called preference payments or fraudulent conveyances and the Bankruptcy Code gives the trustee the power to "avoid" those transfers.
In a unanimous opinion, the U.S. Supreme Court ruled that the denial of a plan confirmation in a Chapter 13 bankruptcy is not a final decision, and therefore not appealable.
If you read much online about debt and bankruptcy, you notice that often they point out the obvious. Don't collect too much debt or get health insurance. For many people in Tennessee, some of those options may not be very realistic. If jobs are hard to come by, and your employer does not offer health insurance, finding and affording insurance may be a problem.