Financial challenges can force Tennessee residents to file for bankruptcy. The decision to file for bankruptcy should be made very carefully because while you'll be able to eliminate debt quickly, you'll likely have to part with your assets, especially your most...
Month: February 2015
Chapter 13 bankruptcy: pros and cons
For Tennessee consumers, filing for bankruptcy is a difficult decision. But for those drowning in debt, it's the only option for relief. After making the choice to file, the next question is: Chapter 7 or Chapter 13? Both offer many benefits, but they do have...
What should I expect in my pre-bankruptcy counseling session?
Before filing for bankruptcy, Tennessee residents must attend counseling. This counseling is mandatory because it allows a credit counselor to assess a person's situation and see if bankruptcy is the right option. Plus, it makes sure that the person understands the...
Mistakes to avoid if using balance transfers for credit card debt
Many Tennessee consumers are facing financial challenges; just check the amount of credit card debt they carry. It's not uncommon for many to pay interest rates of 20 percent or more, making it difficult to pay down these debts. So when a tempting balance transfer...
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