In the last few years, the tough economy has affected millions of families in Tennessee and all across the country. Although unemployment and other factors have contributed to the economic crisis, some believe a lack of knowledge in financial matters may have also...
Month: November 2011
Signs of relief in weak housing market
Millions of Americans have been affected by the recession and many have lost their home due to foreclosure. Many families have fallen behind on their mortgage payments and before long receive foreclosure notices. It can be a frightening and confusing time, but a new...
Obama moves to ease foreclosure
Many American families are facing foreclosure, but there are now efforts in Washington to help homeowners in Tennessee and other states across the country.In late October, President Obama ordered a series of measures be implemented to help homeowners facing...
Entrepreneur files for bankruptcy after receiving federal stimulus money
Sometimes the best laid plans go awry, and that appears to have been the case for an entrepreneur who recently opened the first electrified truck stop in the state of Tennessee.The man was able to obtain $424,000 in federal stimulus funds from the Tennessee Department...
Financial woes force restaurant owner to file for bankruptcy
A restaurant owner filed for Chapter 7 bankruptcy on Oct.5. This comes after financial problems forced the restaurant owner to close two restaurants and a banquet facility in January. The petition is a personal bankruptcy petition as opposed to a corporate bankruptcy...
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