Month: April 2016
Why would Chapter 7 bankruptcy be better than 13?
Chapter 13 and 7 bankruptcies are different in a few ways. For instance, Chapter 7 bankruptcy is known as liquidation bankruptcy, because you must liquidate many of your assets during the process. Chapter 13 works differently, because you make a payment plan with your creditors. That allows you to keep your assets while paying down
Tennessee ranks low for financial literacy in the United States
Are there parts of the United States that are less finally sound than the rest? Yes, there are always areas with more poverty or fewer possible job outlets, but there’s also the fact that residents of states simply don’t manage their money as well. If you’re struggling with money, you know that the first step
The Credit Card Accountability Responsibility and Disclosure Act
There are several consumer protections in the Credit CARD Act that can help you protect yourself. If you’re in over your head with credit card debt, there are some things you can do to mitigate this. While you have options like bankruptcy or debt repayment plans, your attorney may also help you protect yourself against
Which kinds of debts stay after a Chapter 13 bankruptcy?
While a Chapter 13 bankruptcy can help you pay down your debts over time, the fact is that not all kinds of debts can be reduced or eliminated. There are exceptions to the Chapter 13 discharge rules, and those can affect you, particularly if those exceptions are the reason you want to file. One of