How Debt Affects Seniors Differently, and What You Can Do As of 2010, Americans 55-64 carry the highest debt in America. That debt can carry over into retirement and make life much worse for them as senior citizens. But at the same time, fewer Americans now expect to die in debt. In some cases, they may be right. But in general, this high debt will follow older Americans for the rest of their lives unless they do something about it now. If you’re a senior struggling with debt, here are some factors you might want to consider. And if you’re considering bankruptcy, I’m a Memphis lawyer who handles Chapter 7 bankruptcy for seniors. I’m happy to speak with you about
At its best, workers’ comp is a trade-off: When you make a workers’ compensation claim, you give up the right to sue your employer for an on-the-job injury. In return, the employer’s workers’ comp covers your medical care, time off work, and compensation for long-term injuries. But this system has flaws, and it can break down over small disputes: Did your injury really occur on the job? Is your injury really as bad as you say? Do you need lifelong care, or are you just trying to game the system? Sadly, these questions come up all the time. Insurance companies want to save money by denying your claim. Employers want to limit their payments in order to keep their workers
What Google, Uber, and Other Companies Don’t Want to Tell You About Car Accidents Google recently rebranded Waymo, their driverless car company, and placed self-driving cars in the spotlight even more than before. But at the same time, the company also removed its monthly reports from the website. These reports detailed all of their car accident information for the public to see. Here’s why that matters and how it might affect your car accident case. Why Report on Car Accident Information? Since June 2015, Google offered this car accident information for free on their site as a resource for people concerned about the number of collisions caused by driverless vehicles. The reports mostly discuss fender benders and other small collisions,
2016 Shows Overall Decline in Foreclosures If you’re trying to prevent foreclosure in Memphis right now, you may be relieved to know 2016 saw the biggest drop in foreclosures on record. A Fidelity company recently reported a 30% decrease nationwide in foreclosures last year. By the end of 2016, the amount of homes in active foreclosure dropped by over 200,000. Foreclosure activity in general dropped to its lowest point in 10 years, reaching back to numbers from before the Great Recession. TN Foreclosure Rates Drop As a Memphis foreclosure lawyer, I know our state has one of the highest foreclosure rates in the country. We place 5th in foreclosures across the United States. But even Tennessee saw a drastic decrease:
When you’re behind on bill payments, the law allows certain creditors to garnish your wages (meaning take money from your paycheck automatically). Usually this process starts with a creditor suing you for the debt in court and then getting a court order. In some specific cases, the creditor doesn’t need a court order at all. But in all instances, the law determines who can garnish your wages, and how. (Need to stop wage garnishment immediately? We offer ZERO DOWN TO FILE! Call 901-327-2100 to see if you qualify.) Here’s a quick rundown: Who Can Garnish Your Wages (and How It Works) The IRS & State Tax Agencies State and federal government offices can garnish your wages for back taxes and usually don’t need
Midtown Memphis Attorneys for Debt Problems If you need to get out of debt, our Midtown bankruptcy lawyers can help. We’ve worked with hundreds of Midtown residents, and just as we helped them, we can help you: save your home keep your car stop wage garnishment relieve you of medical debt put an end to credit card debt, and stop all creditor harassment These problems may keep you up at night, but they don’t have to. Many of your neighbors experienced the same worries, and now they’ve moved forward and rebuilt their lives. We’ve noticed as Midtown changes, the needs change as well. With more young people, students, and families moving in, a lot of Midtown residents have rising concerns, including student loans and credit scores:
3 Factors in Any Ice-Related Slip and Fall Case If ice causes causes you to slip and fall on someone else property, the property owner might be liable for your injuries. Usually this means their insurance would be expected to cover the medical expenses and other related costs. Here are three important factors that might play into a case like this, from our Memphis slip and fall attorneys: 1. Reasonable Care Memphis gets a lot of ice, and when that happens, property owners need to show reasonable care in removing it from their property so the sidewalks, parking lot, and entryway are all safe. This doesn’t mean an elderly shop owner has to shovel or scrape all night in the cold. Many
Drivers must take extra precautions when driving in winter weather conditions. According to the U.S. Department of Transportation Federal Highway Administration, 17 percent of all weather-related accidents occur on snowy or icy roads. Below are a few tips to keep in mind when you are driving in snowy conditions. If you or someone you love has been hurt in an accident while driving in the snow, it may benefit you to speak with a personal injury attorney for advice. The Basics When you are heading out on snowy roads and icy conditions, there are a few things you should keep in mind to reduce your likelihood of having an accident. Some basic tips include: Don’t drive fatigued Never drive after
Get Out of Debt in 2017 Every New Year, thousands of Americans join a gym and resolve to work off those extra pounds they gained over the holidays. But what about your debt? After Christmas is over, you’ve usually taken on more than just weight. You’ve taken on credit card debt, and now there are dozens of bills waiting to be paid. Not everyone is overwhelmed by their debt, but for some people, it might be too much. And debt isn’t any healthier than those extra pounds. It can affect your: Credit Personal freedom Ability to plan for the future Family members’ finances Purchasing power Stress levels Health And even your home life As a Memphis bankruptcy lawyer, I’ve seen those
It’s no secret that many people these days have student loans–financial aid they took on to pursue their collegiate and post-collegiate educations. Unfortunately, student loan interest rates can be much greater than that of mortgages or car loans. On top of that, the average price of today’s college education averages $32,405 for private colleges, $9,410 for state residents at public colleges, and $23,893 for out-of-state residents attending public universities. Even choosing the most affordable of the three categories, four years at an in-state public university, hits almost $40,000. It’s no surprise, then, that so many Americans have overwhelming student loan debt. Recent reports indicate: There’s $1.26 trillion in total U.S. student loan debt. 43.3 million Americans have student loan debt.