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February 2012 Archives

From holiday season to tax time, credit card debt is a factor

The state of Tennessee has been hit hard by the unsettled economy, and many have been put in a situation where bankruptcy is the only way out. Others have tried to delay proceedings by borrowing against the future, heavily relying on their credit cards and taking on new debt to try and cover daily, weekly and monthly expenses.

Forced arbitration case accuses financial companies of collusion

There are so many Tennessee residents dealing with the prospects of a personal bankruptcy case. A bankruptcy filing can discharge certain debts and stop harassing calls from collectors. Some of these debts and calls are from credit card companies, many of which have been involved in a prolonged legal case accusing them of conspiracy.

Foreclosure or reprieve: varying ways Chapter 7 affects your home

Filing for bankruptcy seems like a complicated procedure, and it certainly can be without proper legal representation support you throughout the process. If you secure a reputable attorney, however, with experience in the area of bankruptcy, your Chapter 7 filing can be expedited and your lawyer can guide you through any potential foreclosure or liquidation that results from this filing.

Kodak's falling stock price ruins employee's retirement plans

There is a wide-reaching effect on employees, board members, owners and customers when a company decides to go bankrupt. When a business declares bankruptcy, there are a variety of side-effects that impact people associated with the company. Customers lose confidence in the product, business owners must recompose themselves financially and employees of the company can watch years of savings disappear.

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