With many Tennessee residents still struggling with the effects of the fluctuating economy (unemployment, credit card debt, inflation and growing medical expenses), one would think that Americans would be more inclined to save money. Instead, many continue to keep on...
Month: June 2014
Judge rules that daycare cannot use Chapter 13 to avoid lawsuit
When Tennessee business owners make the decision to file for bankruptcy, it's typically because they owe too much debt. However, a daycare facility has filed for bankruptcy in order to avoid having to pay damages to two families who are suing the owners for abuse. The...
Bankruptcy and other ways to deal with credit card debt
When Tennessee consumers are struggling with overwhelming credit card debt, where should they turn? Bankruptcy, debt settlement and debt consolidation are touted as popular options. What else can be done to get a person back on track financially?The first step may be...
Creditors file involuntary Chapter 7 bankruptcy against law firm
Most Tennessee bankruptcies are filed voluntarily, meaning that the person or company in financial trouble is the one who files for bankruptcy. However, sometimes bankruptcy can be filed involuntarily when creditors file for Chapter 7 bankruptcy protection for another...
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