Residents in Tennessee who are considering filing for bankruptcy should educate themselves about the process as part of determining whether or not a Chapter 7 bankruptcy really is the right option for them. One of the steps that people pursuing bankruptcy must complete is to take what is called the means test.
Tennessee readers know that many people who go to college leave with student loan debt. With the rising cost of tuition, room, board and textbooks, most people are unable to manage the cost of college on their own, and student loans often seem like the answer. The result is a crisis — thousands of graduates with significant debt burdens they are unable to manage on their own.
When you accept and use a credit card, your are acknowledging your responsibility as a Tennessee consumer to pay on the debt. Also part of this agreement is the right of the creditor to seek payment of the debt. However, this does not mean that a creditor can do anything they want whenever they want in order to secure payment. There are clear guidelines around the practices that are approved for use as part of a means to collect debt. It is important that you understand your rights here as a consumer to protect yourself against unfair treatment by a creditor or other debt collector.
If you are one of the many people in Tennessee who is facing the potential end of your marriage, you may also be experiencing severe financial problems. It is not unusual for money to contribute to marital strife and even the irrevocable breakdown of a marriage. When in this situation, you may be giving consideration to filing for bankruptcy as a way of getting a fresh financial start much like filing for divorce might give you a fresh start in other aspects of life.
Tennessee is one of several hot spot states for tourism and is also often seen as a prime retirement location. You may be one of many who own or rent a condominium somewhere in this state. Many people love condo living because it usually means someone else is responsible for major maintenance and upkeep.
Tennessee residents who have a credit card are likely aware of the risks that come with it. Credit cards, when used or monitored improperly or recklessly, can easily lead to consumer debt. This is why the Credit Card Accountability Responsibility and Disclosure (CARD) Act of 2009 was established. But just what does this act accomplish?