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Chattanooga Bankruptcy Law Blog

How Chapter 13 bankruptcy helps stop vehicle repossession

When you finance your vehicle, missing a couple of payments could mean that you no longer have reliable transportation. Once you default on your financing, the lender can repossess the vehicle, as it serves as collateral for your loan. If you believe you are at risk…

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Should you spend money right before you file for bankruptcy?

You’ve been thinking about filing for bankruptcy for months. Maybe you have a lot of outstanding medical debt, which is an incredibly common reason for bankruptcy, or maybe you have credit card debt. No matter how you got it, you realize that you can’t pay it…

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Why consider bankruptcy if it won’t cover your student loans?

If you are worried about how you will ever pay back your student loans, it is crucial to remember there are many others out there in the same position. The price of property and essentials continues to rise, but the salaries you hoped your education would…

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Debt affects more than your bank balance

Millions of Americans are currently struggling with the cost of living. Medical bills, rent, inflation and other factors can all result in debt spiraling out of control. One aspect that is often overlooked is the impact debt can have on your health. Debts have been linked…

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Are you caught in a vicious cycle with payday cash loans?

Living paycheck-to-paycheck means constantly monitoring how you spend your money. Sometimes, unexpected bills arrive suddenly, such as when your spouse has a tooth infection. Other times, a short month like February ends with bills coming due before you have the money to pay them. Losing just…

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Dealing with the stress of student loan debts

Many people across America pursue the dream of a college education. While obtaining expertise in certain fields can bring numerous benefits, education comes at a significant financial cost. The current student debt total in the U.S. stands at over $1 trillion, and this is taking its…

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Drowning in medical debt? Bankruptcy could help

You were ill and needed to go to the hospital for emergency care. You stayed there for weeks, and only just now are you well enough to start getting back to your normal life. You knew that your bills would be high, but you never expected…

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You have options when facing wage garnishment

If you’re struggling with debt and know that a creditor is taking you to court, it’s important to note that wage garnishment could be their next step. With wage garnishment, the creditor goes to court and asks the judge to approve garnishment from your normal salary…

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Why you should use a credit card after declaring bankruptcy

Many people who struggle with bankruptcy know that they have too much credit card debt. If they ask for advice from friends and family, people will tell them not to use credit cards anymore and only to spend the cash that they earn. There are a…

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When can your salary be garnished in Tennessee?

Losing a portion of your income can be tough, especially if you are going through hard financial times. However, if you are unable to pay your debts, one of the options your creditors can consider is getting into contact with your employer for purposes of making…

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