Medical care is expensive, even for people who have health insurance. When a Tennessee resident goes in for surgery, needs diagnostic testing or has to visit the emergency room, he or she may find bills from the hospital or doctor in the mailbox a few weeks later. These bills can come as a surprise, leaving many people struggling with medical debt they cannot pay. As a result, some hospitals are actually suing these people for payment.
Accumulating credit card debt during the holiday season
The holidays are fast approaching, which means many in Tennessee are getting ready to spend money on traveling, presents and other expenses that pop up during this time of year. Most people are not prepared to pay cash for all of their holiday purchases, which means that many will rely on credit cards to buy what they want and need. Often, this leads to a significant accumulation of credit card debt in a short amount of time.
Will you lose your home if you file for bankruptcy?
When your debt spirals out of control, you may begin searching for solutions as to how you can fix it. You may think about filing for bankruptcy as a potential means of getting your affairs back in order. You may, however, have concerns about whether filing for personal bankruptcy will result in you losing the place you call home. Unfortunately, there is no single, all-encompassing answer to this question.
