Have you ever noticed that the saying “better sooner than later” applies to so many things in life? For instance, if you want to go to a local Tennessee gym to tone your muscles and lose weight, it’s better to implement a plan sooner than wait until later. In many...
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Hospital files for bankruptcy after losing millions
It’s not uncommon for large institutions, such as hospitals, to encounter financial challenges from time to time. Such issues are sometimes able to be resolved by reducing overhead costs, downsizing, or cutting spending in a monthly or annual budget. Such measures are...
How bankruptcy’s ‘automatic stay’ can shield you from debt collector harassment
As anyone in the Cleveland, Tennessee, area who has gone through it can tell you, being deeply in debt is a stressful experience. Debt collectors call you and send letters virtually every day wanting payments you cannot afford. Your credit card balance might be...
You can file for Chapter 7 bankruptcy and still keep your stuff
One of the most common concerns people have with bankruptcy is the fear that this process will cause them to lose their personal property. In reality, it is possible to benefit from the protections provided by Chapter 7 bankruptcy without losing many types of...
What happens during the repossession process?
There are many unpleasant consequences that come with owing a significant amount of debt. One of these includes the efforts of debt collectors and creditors to secure payment from the consumer. This typically starts with phone calls and letters in the mail, but it can...
Bankruptcy: The means test will help determine your eligibility
This year has been financially challenging for many Tennessee residents as well as others throughout the country. Perhaps, you or your family member unexpectedly faced unemployment and were unable to find a new job. Maybe someone in your household had to undergo...
Understanding the 341 meeting for your bankruptcy case
Having money problems is not an ideal situation to be in. Unfortunately, many people in Tennessee and across the country find themselves struggling with debt due to high credit card balances, medical bills, job losses and other issues that leave them with far more...
Getting back on track with your personal finances
If you are struggling to make ends meet, watching your past-due balances grow each month and facing credit card bills you cannot manage, you are not alone. Many consumers in Tennessee face a similar situation every day, and while it may seem like there is no way out,...
Understand the toll high levels of debt can have on your life
Debt can come in a variety of forms and fashions, and dealing with the trials of financial strain can be a stressful and daunting process. Even if you never plan on allowing monetary obligations to grow to unmanageable levels, it might not always be something you can...
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...
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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