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Chattanooga Bankruptcy Law Blog

3 mortgage modifications that help during Chapter 13 bankruptcy

A Chapter 13 bankruptcy filing or wage earner’s plan offers numerous benefits when compared with a Chapter 7 filing. It protects your assets, comes off of your credit report earlier and may result in fewer ethical qualms because you make a concerted effort to repay your…

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Wage garnishment can worsen your current debt struggles

There are numerous legal avenues for debt collection. Typically, businesses and individuals start by sending past-due notices or making collection phone calls. Eventually, if repayment is still not forthcoming, the party trying to collect on the debt may take more aggressive steps. Going to civil court…

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Why are so many debt solutions failing the people who need help?

Debt relief and debt solution programs come in all shapes and sizes. You might hear advertisements on the radio about a credit card debt settlement company or receive tempting balance transfer offers from your credit card company asking you to transfer what you owe to a…

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Are you drowning in medical debt? You’re not alone.

There are few feelings as awful as being inundated with debt that you struggle to repay over the course of many months or years. It is even more frustrating when you had to take on that debt not for something that you chose to purchase, but…

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Why is student loan debt out of control?

Student loan debt has increased in the past decade by more than 144%. In fact, student loan debt is second only to mortgages or housing payments for most American families. There has been some talk from the current administration forgiving student loans, but that has not…

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