You've been working hard to stay out of debt and to make sure you can pay your bills, but the debts have really piled up. You tried not to add to it, but you've found that your interest rate is making your debt grow even though you're paying the minimum payments each...
Month: May 2020
Exemptions can help protect your assets during bankruptcy
Chapter 7 bankruptcies can be great for those who are in debt and who have no disposable income to pay down what they owe. Some people worry about filing for this form of bankruptcy due to the belief that it may leave them with nothing. However, despite the fact that...
Credit scores and bankruptcy: Here are the facts
Bankruptcy doesn't have to be something that scares you. It's designed to help you get out of debt and to minimize the impact of those debts on your life.Still, there are some things you have to consider. One of the issues that could be holding you back from...
What are the perks of a Chapter 13 bankruptcy?
Chapter 13 bankruptcy is aptly named the "wage earner's" bankruptcy plan. This is because it's usually available to those who earn a decent wage and make too much money to qualify for Chapter 7 bankruptcy.With Chapter 13 bankruptcy, you'll be expected to make monthly...
Why a balance transfer card may not be the optimal choice for you
People deal with their debt in many ways, and the right approach for you depends on the type of debt you owe and other details of your financial situation. Credit card debt is a common problem for many in Tennessee, and sometimes, these balances accumulate because of...
Don’t struggle from paycheck to paycheck. Bankruptcy could help
When you were trying to check out at the grocery store, you were embarrassed to have your card say it didn't have enough money to pay for your purchase. You had just been paid that day, and you should have had enough. Unfortunately, everything else you owed had come...
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Richard Banks & Associates, P.C.
393 Broad Street Northwest
Cleveland, TN 37311
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Phone: 423-244-0009
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