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September 2013 Archives

Avoid overwhelming credit card debt with proper usage

Many Tennessee residents try their hardest to get ahead financially, but are hampered by credit card debt. Many people have multiple credit cards and if each card carries a balance, a large percentage of their income goes toward minimum payments. Plus, it can be depressing for many people to know that they are still paying toward that high-ticket purchase they made many months ago, thanks to high interest rates.

Is Chapter 13 bankruptcy a good idea to eliminate a second loan?

Many Tennessee residents are facing large amounts of debt. Unemployment and rising prices have resulted in sky-high levels of credit card debt, medical debt and missed mortgage payments for many people. Sometimes the level of debt is so excessive that people turn to Chapter 13 bankruptcy to get rid of it and start anew. However, it's important to know that while bankruptcy can help with many types of debt, it can't eliminate all of them. In some cases, for example, Chapter 13 bankruptcy won't get a person off the hook for a second mortgage.

Kodak emerges from business bankruptcy as a smaller company

As many of our Tennessee readers may know, nobody is immune from financial difficulties. According to gossip magazines, many celebrities have filed for bankruptcy. Entire towns have filed for bankruptcy. Even some of the nation's largest corporations have felt the sting of the economy and lost millions of dollars in order to stay afloat. One of these companies is Eastman Kodak Co - most commonly known as Kodak. The company filed for business bankruptcy in January 2012 and is just now starting to come back into its own.

Steps to take to after filing for personal bankruptcy

For some Tennessee readers, bankruptcy might seem like a personal failure. However, bankruptcy is becoming more and more common. In July, the number of bankruptcies in the United States had exceeded 87,000. In fact, bankruptcy provides many debtors with the fresh start they need to move forward financially. And even after the bankruptcy process is complete, there are steps debtors can take to successfully manage their finances in the future.

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