When faced with unemployment or other financial challenges, Tennessee consumers may be unable to pay all their bills on time. This means they are forced to choose which debts are most important and which can wait. However, once a debt becomes 30 days late,...
Month: December 2014
What to do when bankruptcy affects co-signers
It's important for Tennessee residents to establish a credit history. Without a credit history, it's difficult to buy a car or house or take out a loan. That is why young adults may turn to their parents to co-sign loans so they gain experience making payments. This...
Do I qualify for Chapter 13 bankruptcy? I’d like to keep my home
When debt becomes too overwhelming, Tennessee consumers may turn to bankruptcy as a last resort. There are two main types of bankruptcy to choose from: Chapter 7 and Chapter 13. Many consumers prefer Chapter 7 because it completely eliminates debt and allows...
The truth about bankruptcy: Dispelling the myths
Even though the once struggling economy is slowly starting to pick up, many Tennessee consumers still struggle with debt. They may be unemployed, working only part time, or unable to pay off the mountain of credit card debt they owe, whether it be from medical...
Am I responsible for my wife’s credit card debt after a divorce?
After a divorce, it is common for Tennessee residents to believe that they are no longer responsible for their joint credit card accounts if the other spouse has agreed to pay them. But what they may not know is that credit card companies are not parties in a couple's...
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Richard Banks & Associates, P.C.
393 Broad Street Northwest
Cleveland, TN 37311
Toll Free: 866-596-8527
Phone: 423-244-0009
Fax: 423-478-1175