If you are preparing to file for Chapter 7 bankruptcy, you will also want to prepare for your 341 meeting.
Life can be tough when you owe several creditors. Not only do you have to deal with paying your basic monthly bills, which alone can be difficult, but you are also trying to handle the stacks of letters and phone calls coming in from debt collectors. You and other Tennessee residents who are having financial difficulties might be bothered to the point of harassment by creditors. It is important to understand that some common creditor tactics are against the law.
Debt is a heavy burden that many people struggle with. Bankruptcy is a common option to help provide some relief from financial burdens.
The U.S. has already reached a new milestone in the first month of 2018. According to people at the Federal Reserve, the total amount of credit card debt in the United States has exceeded over $1 trillion. This is a new high, and it should be a wake-up call to many people to get their finances in order.
When you are in debt, bankruptcy is not your only option for debt relief. Perhaps you want to avoid bankruptcy at all costs. In your efforts to do so, you may find yourself the victim of a debt consolidation scam.
If your life is in financial turmoil, you may finally be considering filing for bankruptcy. The problem is, you have some doubts and fears. These are probably preconceived notions that just need ironing out.
It is not unusual, and sometimes it is worthy and commendable, for Tennessee residents to try almost anything to avoid bankruptcy. After all, responsible adults generally want to pay their just debts. Often, people try debt management programs, which can come with its own set of risks but at times can be effective.
Student loan debt has gotten out of control. Over $1 trillion in student loan debt exists throughout the United States. Out of that number, approximately $22 billion belongs to people in the state of Tennessee, according to an article found in the Memphis Business Journal.
Lawsuits are prevalent in the American legal system. In fact, information from Common Good states that each year in the United States, citizens file over 15 million lawsuits. Lawsuits can range in severity from frivolous to extreme.