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If you're considering filing for bankruptcy in Tennessee, you are undoubtedly facing significant financial challenges. And, if you are like most people who ultimately file for bankruptcy protection, you may have been struggling with those issues for some time. So, it makes sense that you would be concerned about the costs associated with filing bankruptcy.

Costs of bankruptcy fall into several different categories, which include:

Many people considering bankruptcy are concerned about their options for purchasing a home after bankruptcy. In many ways, qualifying for a loan after bankruptcy is no different from qualifying for a mortgage without a history of bankruptcy. That is, the lender’s determination will be based on the same set of factors, such as the amount of the loan in comparison to your disposable income and your credit history.

How Can I Stop a Foreclosure in Alabama?

Tennessee is a non-judicial foreclosure state. That means that a lender can foreclose on a property in Tennessee without going to court. It also means that the foreclosure process can move very quickly compared with the process required in a judicial foreclosure state. 

If you're concerned about how to rebuild credit after bankruptcy, you are far from alone. This is a question we hear often, both from people considering bankruptcy and from people who have already filed for bankruptcy and are now looking to build better financial futures. Fortunately, it is very possible to rebuild your credit history and raise your credit score, often within one to two years after bankruptcy.

Having just observed another Halloween, I thought this might be a good time to discuss the evils of “Zombie Debt.” 

Credit card debt is a problem, both for the nation and for individuals. According to credit reporting agency Experian, Americans were carrying about $834 billion in credit card debt as of the end of 2018, and that number continues to grow.

For many homeowners, real property plays two very important roles: the family home and the family’s largest asset. So, it’s no surprise that most people who own homes and are considering bankruptcy have questions about how filing bankruptcy will impact home ownership. The answer to that question depends on a variety of factors, including:

Having your car repossessed can be catastrophic. When repossession happens, it’s usually because you’re already struggling financially. Suddenly, you may find yourself without the transportation you need to keep income flowing, whether that means driving to work or going on job interviews. And, depending on where in Alabama you live, you may also need your vehicle to take your children to school, grocery shop, get to medical appointments and more.

If you’ve ever been pursued by a debt collector, chances are good that you felt harassed. But, “debt collector harassment” has a specific legal meaning. And, when that line is crossed, the law protects consumers and creates a framework for fighting back. A consumer who has been harassed by a debt collector may even be entitled to statutory damages of up to $1,000, in addition to any actual damages suffered. In some cases, punitive damages may also be appropriate.