Many people in Tennessee and beyond struggle to rebuild their credit scores after confronting serious financial crises. This is especially true for those who have filed for bankruptcy. Keeping several things in mind can help lay the groundwork to restore a credit...
Month: March 2021
Chapter 13 is called the wage earner’s bankruptcy
Facing a financial crisis is a stressful experience. Many people in Tennessee and throughout the country are on the verge of losing their homes or are struggling to keep a business afloat or resolve other serious financial problems. In many cases, the most viable...
Step-by-step guide to file for bankruptcy
Tennessee residents are no strangers to financial crises, especially nowadays when many households have experienced loss of income, medical emergencies or other setbacks. While some people are able to restore financial stability by restructuring their budget or...
How can a Tennessee homeowner avoid foreclosure?
Buying a home can be an exciting but stressful experience. As years pass, changes in one’s financial status may create challenges that make it difficult to keep up with mortgage payments. If a Tennessee homeowner falls behind and misses several payments in a row, he...
Belk hopes to cut debt with Chapter 11
Most Tennessee shoppers are familiar with the popular retail chain known as Belk. The department store was launched in the late 1880s and currently has approximately 300 stores in 16 states. Like many retail stores, Belk has encountered financial problems, and it...
Credit habits may prompt a need for bankruptcy
No two Tennessee households handle their finances in exactly the same way. Some people love budgeting and are diligent and particular about the records they keep, as well as their spending habits. Others have credit card issues that, if left unresolved, may lead to...
People that used bankruptcy as a valuable tool
Many Tennessee residents are struggling to stay financially afloat either in business or just making ends meet at home. Some of them could benefit by seeking bankruptcy protection, which is a valuable financial tool. Filing for bankruptcy has helped countless...
Things to know about bankruptcy counseling
In Tennessee and all other states, before a person can file for bankruptcy, he or she must agree to obtain credit counseling to determine if filing a bankruptcy application is the most viable option in his or her circumstances. The U.S. government requires bankruptcy...
Does Chapter 7 or Chapter 13 best fit your needs?
In Tennessee and elsewhere, most people experience financial problems at some point in life. When someone’s finances get out of hand, and there does not appear to be a way to get things back on track without tapping into additional debt relief resources, it is a good...
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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