Abandoned homes due to homeowners facing foreclosure are part of a zombie apocalypse facing the country’s housing market. Fortunately, it appears that residents in Tennessee and elsewhere are beginning to recover from the epidemic.
The holiday season is upon us, and while cheer and good tidings are the norm this time of year, people throughout Nashville likely have an underlying question on their minds: "How am I going to pay for all of this?"
People in Davidson who file for Chapter 7 bankruptcy often have to move out of their home and turn it back over to the bank. If they have fallen behind in payments, they could have trouble with their credit rating and this can make it difficult for them to rent an apartment. Despite a bad credit rating, there are things that people can do to convince a landlord to accept them as a tenant.
If you are receiving harassing phone calls from credit collectors, one option you have is to write a cease and desist letter. This essentially tells the creditor to stop contacting you, but it is important to include certain information within the letter for it to be effective.
Chapter 7 bankruptcy is designed to help you regain your financial footing by digging you out of debt. Although claiming Chapter 7 bankruptcy may have some negative effects on your credit and make it difficult to obtain certain types of loans in the future, it can help by giving you the opportunity to start fresh. If you are struggling with medical debt, credit card debt, a mortgage and other overwhelming financial expenses in Tennessee or anywhere across the country, you are not alone. According to the U.S. Courts, more than one million people filed for bankruptcy in 2013. Of those million, 728,833 cases were for Chapter 7.
There are many reasons why people find themselves in a financial slide and one of these is medical debt. At Rothschild & Ausbrooks PLLC, we know that medical debt can accumulate quickly. An unexpected or even planned for medical procedure, can catch people unawares and leave them facing multiple bills for a variety of treatments and services.
When a business owner is struggling with debt, it is essential for them to consider every option that is on the table as they move forward. In some cases, successfully filing for bankruptcy can provide them with a sense of relief and peace of mind after months or maybe even years of dealing with overwhelming anxiety. In Davidson, Tennessee, and throughout the United States, businesses that are both large and small should address any financial hardships they are facing as soon as possible.
If you've ever received a phone call or letter from a debt collection agency but lack the ability to pay that debt, you may have wondered just how far these predators can go in their attempts to get your money. Can they take you to court?