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Personal Bankruptcy

The many myths of bankruptcy

Filing for bankruptcy is a huge step in any person’s life, and it’s easy to be overwhelmed by the financial and emotional weight of this legal process. There are many steps involved in bankruptcy, and the complicated nature of a filing means t ...

Bankruptcy Changes in the CARES Act

By Mercedes Diego  The Coronavirus Aid, Relief and Economic Security Act of 2020 (“CARES Act”) became effective on February 19, 2020 and raises the maximum debt level to qualify for under the Small Business Reorganization Act of Chapter ...

A Disturbing Pattern in Non-Profit Healthcare

Methodist Le Bonheur Healthcare, the largest hospital system in Memphis and the second largest private employer in Shelby County, Tennessee, boasts six hospitals and 150 outpatient centers, clinics, and physician practices in its health system.  It w ...

A Judge’s View in Avoiding Bankruptcy Traps

Bankruptcy filings usually occur after months, if not years of financial stress and uncertainty. Phones continually ring with debt collectors on the other end. Mailboxes fill up with final notices, garnishment warnings, and lawsuits. Seeking any type of ...

New Regulations Encouraging Bad Behavior By Creditors?

Efforts over the last several years have attempted to reign in the increasingly unethical tactics and outright bullying behavior employed by debt collectors. Debtors breathed a sigh of relief as collection agencies were forced to work within more strict p ...

Driving Towards Delinquency.

Driving Toward Delinquency With a strong economy and improving employment market, you might be surprised to learn that the number of Americans at least 90 days behind on their monthly installments has hit record levels. The New York Fed places the number ...

Are skyrocketing medical costs discouraging medical care?

While politicians in Washington, D.C. tussle over the state of health care and what form insurance coverage should take, their constituents nationwide continue to be blindsided by medical debts. The United States has a corner on that market when it comes ...

Why are so many seniors declaring bankruptcy?

An increasing number of Americans over 65 years old are filing for bankruptcy. From 1991 to 2016, the number of Americans in that age group who filed for bankruptcy increased almost 500 percent. Over 12 percent of all bankruptcy filers are now senior cit ...

Is it time to consider a bankruptcy filing?

The decision to file for bankruptcy is an immensely important and personal one. It mustn’t be taken lightly, and shouldn’t be the “first resort” when it comes to debt relief. That being said, however, there are some situations wher ...

Will law to end ‘surprise’ medical bills be enough?

You can argue all you like about whether medical debt is a leading cause of bankruptcy filings in the U.S. or not. Experts regularly do. Regardless of what side of the fence you come down on, however, no one would argue that the cost of care is inexpensiv ...

Bankruptcy myth busters: discussing some important topics

As is the case with many topics and issues, bankruptcy has its fair share of myths. Given the incredibly negative reputation that bankruptcy has, this isn’t surprising. However, bankruptcy isn’t the huge “problem” it’s often ...

What do I do to recover quickly after personal bankruptcy?

If you are considering personal bankruptcy, you may have already hit the threshold that many experts identify as the point when bankruptcy might be an appropriate legal vehicle for you to get yourself back on solid financial ground. If you have bills you ...

Bankruptcy: A viable option for handling serious credit card debt

Credit cards are a major cause of debt in the United States. Many people apply for credit cards to build their credit or help them get through a difficult financial stretch. However, what might start off as an innocent pursuant and a modest line of credit ...