Nearly everyone in Tennessee is familiar with the housing bubble that ultimately burst and caused the Great Recession. Now a new bubble is on the horizon. This one involves auto loans and while it will probably not devastate the economy in the same way, it could lead...
Chapter 13
Goodlettsville: Does a high bankruptcy rate mean Tennessee is doing poorly?
Don't feel bad. Bankruptcy happens everywhere, not just here. Here's the bad news: Tennessee has the worst bankruptcy record in the U.S., according to a report produced by finance website NerdWallet. As Will Racke reports with the Goodlettsville Business Journal, the...
Are some professions more at risk for bankruptcy than others?
You may be under the impression that everyone who files for bankruptcy in Tennessee is a low-income individual. While a little over half of people who file for bankruptcy earn less than $30,000 per year, the rate of higher income people filing for bankruptcy is on the...
How do I know if a student loan relief program is legit?
Unfortunately, there are many scammers out there looking to take advantage of people in order to make a quick buck. If you have student loans, the payments can be costly and it may be tempting to accept an offer of help from a company who promises to lower your...
How does Tennessee’s bankruptcy rate compare to other states?
You may be surprised to learn that in 2015, Tennessee actually had more bankruptcy filings than any other state. In fact, the number of filings in Tennessee was double the national average according to the Memphis Daily News.There are a few different reasons that may...
Video: Chapter 13 bankruptcy can give you financial breathing room
Unmanageable debt can leave you feeling suffocated by financial burdens and obligation. Thankfully, options like bankruptcy can provide considerable relief.Chapter 13 bankruptcy in particular can give you some breathing room by helping you repay debt rather than have...
How should I go about choosing a credit counselor?
As a prerequisite to filing for bankruptcy in Tennessee, you will be required to undergo credit counseling. There are many different organizations out there that provide these kinds of services, so choosing a reputable company is important.According to the Federal...
Lottery winners at larger risk for bankruptcy
Last week's record setting Powerball jackpot had three big winners. The only ones to come forward publicly so far are a couple from Tennessee. The Tennessee Lottery reports that the spouses will walk away with a lump sum cash payment of more than $300 million. While...
What to do if you can’t make your Chapter 13 payments
What happens if you become unable to pay your Chapter 13 bankruptcy payments? At , this is a question we hear often from beleaguered clients in Tennessee. The bankruptcy process may be stressful enough when things are going smoothly. If you...
What happens during the meeting of creditors?
When you file for Chapter 13 bankruptcy protection in Tennessee, you will be required to attend what is called the meeting of the creditors, or a 341 meeting. According to the United States Bankruptcy Court for the District of Columbia, this is a meeting that occurs...
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