Whether you have health insurance coverage or not, the costs of medical care in Tennessee can add up quickly. According to the Consumer Financial Protection Bureau, one out of every five credit reports contains overdue debts resulting from medical bills. At Rothschild & Ausbrooks, PLLC, people often ask us how to deal with these types of debts. As such, we will discuss options for getting control of your medical debts in this post.
What is the Credit CARD Act?
If you are like many people in Davidson, and throughout Tennessee, then you likely have at least one credit card. As a credit card consumer, the federal Credit Card Accountability, Responsibility, and Disclosure Act, also known as the Credit CARD Act, provides you certain protections. This law, which was signed into effect in May of 2009, was created in response to the need for reform in the credit card market.
How does Chapter 13 bankruptcy work?
When people in Davidson, and throughout Tennessee, are struggling with overwhelming debt, they often consider declaring bankruptcy. For individuals and couples filing jointly, Chapter 13 bankruptcy is one of the most common options. In order to ensure this is the right option for their circumstances, it behooves people to understand how Chapter 13 bankruptcy works.
What debts are dischargeable in a Chapter 7 bankruptcy?
Like many people in the state of Tennessee, you may have considered declaring Chapter 7 bankruptcy. Through this option, a number of your debts may be discharged, which can help you to regain control of your finances. At Rothschild & Ausbrooks, PLLC, we are often asked about how debts are handled in Chapter 7 bankruptcies. In this post, we will discuss which debts may be discharged in this type of filing.
What every Tennessee homeowner should know about zombie titles
Due to financial challenges, many people throughout Tennessee have struggled to make their monthly mortgage payments. As a result, some have had their homes foreclosed on, while others have been forced to walk away from their residences. Those who find themselves in these types of situations, however, are often unaware of zombie titles and their potential dangers.
What are the pros and cons of filing Chapter 7 bankruptcy?
Like many in Davidson, and throughout Tennessee, who are struggling with debt, you may have considered filing for bankruptcy. While Chapter 7 is the most common type of filing, it is not necessarily suited for every situation. As such, it may help to understand the advantages and downsides of filing Chapter 7 bankruptcy in order to determine if it is the right option for your circumstances.
