Chapter 7 or Chapter 13 Bankruptcy? A lot of people wrongly assume that Chapter 7 bankruptcy is somehow inherently better than Chapter 13. After all, Chapter 7 has the advantage of clearing out your unsecured debt very quickly. Chapter 13 takes longer and reorganizes your debts rather than clearing them out entirely. With that in…
How Specialties Affect Which Doctors Get Sued Which doctors get sued the most? It depends a lot on your specialty. The Rand Corporation released figures by the Massachusetts Medical Society that outline which types of doctors most commonly face lawsuits. The studies show a significant increase in risk of medical malpractice suits based on the risk of the…
By: Darrell Castle There are two chapters of individual consumer bankruptcy and they both do different things. Which one is better for YOU depends on YOUR unique situation. Are you behind on your house or car note and want to keep your property? Are you behind on credit card or medical bills and just want…
By: Darrell Castle If you’re behind on your house or car payment but want to keep your property, then a Chapter 13 bankruptcy is right for you. When you fall behind on your house payment – your mortgage – the bank can threaten to take your home away (foreclosure). Likewise, when you fall behind on…
Want to stay out of harm’s way? Don’t go to the country. That’s right: truck accidents – one of the most dangerous things that can happen on the road – occur a lot more often in rural areas than in urban. And that’s true in Memphis as well as nationwide. In general, these crashes happen…
Since we’re a personal injury firm, we like to give updates every once in a while about ways to stay safe. Well these days, one of the best safety measures you can take is to cool off. Here are some of our favorite ways to beat the heat in Memphis: Tuesdays 1-5, the Pink…
What are my options if my mortgage is higher than my income? If your mortgage is higher than your income, you’ve got an obvious, very serious problem with your finances – and that needs to be corrected immediately. And there must have been something that happened in your life that caused that situation – a…
Earlier this week we discussed the rise of foreclosures among people 50 and older, including a significant increase for people 75+. We cited some of the most common reasons, including the loss of savings, unemployment/underemployment, and falling property values. But as bankruptcy attorneys in Memphis, we see another major reason why older residents face foreclosure:…
By: Darrell Castle Timing is very important. You know that. I know that. And it’s even more important when you’re struggling financially. When you have debt you just can’t pay, you have two options: 1. You can sit around and do nothing. OR 2. You can TAKE ACTION by contacting the right bankruptcy lawyer. The…
Every summer, Memphis residents in financial trouble run the risk of heat-related illness and even death. As temperatures rise, so does the energy required to cool a home, and the power costs can be crippling for people already in debt. Memphis Light, Gas and Water (MLGW) tries to help by not shutting off utilities on…