According to a new study from the National Consumer Law Center, some unscrupulous debt relief companies are taking advantage of college students. These students are burdened with student loan debt that they are finding difficult to repay. Some of these companies seem...
Month: July 2013
Former Tennessee sheriff files Chapter 7 bankruptcy
Chapter 7 bankruptcy is one of the most effective forms of relief from debt. The process generally takes about four months to complete and will discharge most debt while allowing the individual who filed to keep most of his or her property. Debt can be a problem even...
Oreck family loses chance to re-buy business after bankruptcy
Oreck vacuums started as a family business back in 1963. Forty years later, the family sold the company to a private equity firm. By 2013, the vacuum maker was grappling with declining sales due to tough competition and distribution difficulties. Ultimately, those in...
Company files bankruptcy in response to expensive court judgment
A Tennessee communications firm has filed for commercial bankruptcy in response to a monetary judgment of $47.4 million against one of its owners. A jury awarded the $47.4 million in a lawsuit brought by the trustees of Equity Media Holdings Corp, a company already in...
Actress Kelly Rutherford files Chapter 7 bankruptcy
Many people in Tennessee likely worry that there is a stigma to filing for bankruptcy -- that it indicates a lack of responsibility. The truth, though, is that anyone can get in over their head when circumstances in their lives change or when faced with unexpected...
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