These days, it is not unusual for someone to experience a downturn in income. For example, you might still be employed but only because you agreed to a cut in pay or a change from full-time to part-time work. If you are behind in your auto payments and are afraid...
Foreclosure is a legal route lenders can use to repossess mortgaged properties as a way to recover the amount of a defaulted loan. During foreclosure, the lender takes ownership of and sells the home. Lenders may use one of two types of foreclosure in Tennessee to...
You may have thought of bankruptcy as the last alternative, something to avoid at all costs. However, unfortunate events sometimes occur and they can wreak havoc on even the most sensible budget. If you are considering bankruptcy, your biggest fear is likely...
When you realize that you don't have enough income to pay your bills, you probably know that you have to do something to change the situation. One option is filing for bankruptcy; however, there are many people who try to avoid doing this. They might feel as though...
Are you facing a wage garnishment due to unpaid debts? Filing for bankruptcy might put a stop to all garnishment activities. Bankruptcy is a very handy tool for consumers to use when they are saddled with debts that it will be impossible for them to pay. While many...
Dealing with financial problems can feel like constant emotional stress that hangs heavy on your shoulders. When dealing with this burden, you may notice that you find it difficult to take any action at all and that it is much easier to ignore the problem. Although...
If you're in a difficult financial position, you may be thinking about applying for bankruptcy. Bankruptcy can be an excellent way to help you get better control of your finances, and it has a number of benefits. In fact, once you begin a bankruptcy, collections...
Filing bankruptcy is the means to an end. It is a way to obtain financial freedom when you have more debt than you can afford to pay. Many people focus on the monetary benefits and forget that they might have to deal with the emotional impacts of the filing. There are...
People who are swimming in debt might have trouble making payments on secured assets, such as a vehicle or home. It is imperative that you decide how you will handle this situation as soon as you realize you won't be able to keep up with the payments. Your first line...
As the baby boomers continue to age, an unnerving trend is beginning to emerge. Many in this demographic are approaching retirement age dead broke and without resources. It's a myth that all baby boomers are well-heeled burghers and matrons with stock portfolios and...