Severe money problems can happen to virtually anyone -- even people who once earned large salaries and are nationally famous. People far and wide sometimes find it necessary to file for bankruptcy protection in order to get back on solid financial footing.Comedian...
Month: May 2013
Many young people say no degree preferable to large student loans
Many people in Tennessee who find themselves struggling to pay the bills often are in the situation not because of a lack of income but because their income is being stretched too many different ways. Between mortgage payments, medical bills and credit card debt,...
Iconic vacuum cleaner company Oreck files for Chapter 11
Just because you, as a business owner, have fallen on financial hard times doesn't mean that bankruptcy is inevitable. Professionals who work in bankruptcy law can inform business owners of their debt relief options before, during and after filing for...
Are college 529 plans exempt from bankruptcy liquidation?
Some Tennessee parents considering bankruptcy may be in a quandary about what to do with the college savings plan they set up for their child. You clearly don't want to drain that account to pay back creditors, but in some cases, that unfortunate course of action may...
7th Circuit: Creditors can access inherited IRAs in bankruptcy
Sometimes, major bankruptcy questions are left unresolved on a bigger scale when circuit courts do not agree. This creates an unsettled issue that is ripe, meaning the question is often appealable to the Supreme Court. An appeals court has recently decided that that...
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