Just about everyone needs to borrow money at some point in their life. Whether it is taking a loan out for a car, school, mortgage or utilizing credit for various other expenses, most people carry debt that they hope to pay off eventually. Unfortunately, many...
Month: December 2020
Chapter 7 or 13 — Which is better for credit card debt?
On behalf of William E. Maddox Jr., L.L.C. | Dec 22, 2020 | Chapter 7
Many more Tennessee residents than usual have been relying on credit cards to make ends meet this year. They can be a great lifeline when needed, but they can also be a significant source of stress when the balance keeps growing and interest charges keep adding up --...
What is debt parking and what can you do if you’re a victim?
On behalf of William E. Maddox Jr., L.L.C. | Dec 16, 2020 | Creditor Harassment
Collection companies can be ruthless. While many follow the rules regarding fair collection practices, others do what they can to push the line, and some even commit fraud. Debt parking, for example, is when questionable or bogus debts are added to one’s credit...
How does the foreclosure process work and can I stop it?
On behalf of William E. Maddox Jr., L.L.C. | Dec 8, 2020 | Debt Relief
Many Tennessee residents are on the verge of losing their homes due to their inability to make their mortgage payments. Interest rate increases, unemployment, medical or other debt, or divorce are the chief culprits -- among a variety of other things. The word...
Can Chapter 7 bankruptcy save your vehicle from repossession?
On behalf of William E. Maddox Jr., L.L.C. | Dec 7, 2020 | Chapter 7 Bankruptcy
Keeping up with your auto loan payments can be difficult if you have many other debts. If you are behind on your payments, you may fear that your lender will order your vehicle’s repossession. Yet, you may be planning on filing Chapter 7 bankruptcy, and will be able...
What are the differences between Chapter 7 and Chapter 13?
On behalf of William E. Maddox Jr., L.L.C. | Dec 1, 2020 | Chapter 7 Bankruptcy
Debt is something with which far too many Tennessee residents are familiar. Most people have it; some just have more than others. Unfortunately, right now, regardless of how much debt they have, many are struggling to meet their debt obligations. Filing for bankruptcy...
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