Judge George Paine, the former Chief Judge for the Middle District of Tennessee, speaking particularly about Chapter 7, described Bankruptcy as “an extraordinary process that can relieve the debtor from oppressive financial obligations.” As stated in American Bankruptcy Cases for over 100 years, the policy goal of consumer bankruptcy law (which includes both Chapter 7 […]
Archives for June 2014
Financial Challenges Cause Near Foreclosure for Tennessee Woman
Since the economic recession hit, many Tennessee residents have suffered significant financial challenges. When a family is living day-to-day without a reserve of emergency funds, any little setback can be devastating and quickly create a ripple effect of hardship. When someone loses a job or does not receive expected income, for example, the family’s home […]
Feds Turn To Wage Garnishment To Collect Unpaid Student Loans
It’s no secret that a college education is expensive in Tennessee. The costs of higher education have been increasing throughout the nation for some time. However, for many residents a college degree is the only way to ensure that they can get a job. But, in today’s society, even a bachelors or master’s degree is […]
