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June 2019 Archives

Many Tennessee foreclosures tied to reverse mortgages

We are now more than 10 years removed from the housing market collapse that set off the Great Recession, and the dust is still settling. Though the economy has improved in many ways, many Tennessee residents are still struggling with mortgages and other forms of debt.

Study finds student loans a huge factor in personal bankruptcies

For many people struggling with their finances, Chapter 7 bankruptcy is the quickest, most effective way of discharging their debt. It can help with unpaid credit card balances, medical bills and other forms of debt. Unfortunately, it doesn't work for everyone, and it doesn't eliminate every type of debt.

Floral delivery service FTD files for Chapter 11

Sometimes a business can get into a terrible financial mess, with debts it can't control, but all it needs is a little help. Chapter 11 is a way for a business to get its debt under control and reorganize to get into better financial shape.

Survey: 36% of college students held back by credit card debt

Credit cards are convenient ways to purchase goods and services when you don't yet have the cash on hand to pay for them. But credit card companies aren't acting out of the goodness of their hearts when they give consumers this convenient tool. They make money by charging interest.

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