We continuously get questions in our office from clients and prospects and we find joy in providing the answers. At this time, we would like to take five of the most common bankruptcy questions we’ve received lately and answer them for you! Here we go… I can’t pay back my student loans, can I include them in a bankruptcy? Your student loans can be included in a chapter 13 bankruptcy. This will allow you to either reduce or delay your payment obligations. Reduce student loan payment – If you can afford the payment, this will allow you to include the student loans in your bankruptcy and pay over (generally) five years at a low interest rate. Delay student loan payment
By: Darrell Castle A Chapter 7 bankruptcy can help you get rid of your deficiency balance. A deficiency balance refers to the unpaid balance left on your car after its been repossessed and resold. When you fall behind on your car payment, the bank can repossess your car. People often want to keep their car and can stop the repossession by filing for bankruptcy. You can do this with the help of bankruptcy lawyers Memphis, TN turns to. However, it’s common to go ahead and let the repossession happen because you don’t want the car anymore and can’t afford it. How a Chapter 7 bankruptcy can help you When your car is repossessed, it’s often turned right back around the
By: Darrell Castle I don’t like going to the doctor and I bet you don’t either. But when I’m sick or need medical attention, I should. There’s something wrong with my body and I need a professional. I need a doctor. And that doctor has the diagnosis — and hopefully the cure — for me. I shouldn’t be scared or embarrassed to see the doctor. I should be comforted. I should feel better about myself. I’m taking the right steps to better myself. People tend to treat bankruptcy the same way. Are you struggling financially and need a cure? Are you tired of living paycheck to paycheck, making quick fixes and still not being able to make ends meet? Are
Just this past week, two huge companies declared bankruptcy: American Apparel and City Sports. In both cases, they did what companies all over America do every day: they used the law to protect their assets and keep business going. That’s what bankruptcy is designed to do. It’s a tool meant to help organizations and individuals get out of debt and not crumble under the system. But sometimes we’re quicker to forgive corporations than we are people. As a bankruptcy attorney in Memphis, every day I meet people who probably need a bankruptcy but who feel horrible about it. The morality of bankruptcy interested me so much, in fact, that I wrote a free report about it from a religious perspective:
Bankruptcy Help for Millington I am proud to serve as a bankruptcy lawyer for the people of Millington, TN. In fact, Millington was my first home in the Memphis area. Since then, I’ve helped Millington residents: Stop foreclosure Prevent car repossession End lawsuits against them Stop wage garnishment, and Rebuild their lives It’s an honor I take seriously, because I want Millington to thrive, and that includes giving folks a fresh start when they need it most. If you’re a Millington resident and you’re overwhelmed with debt, contact me today. Our bankruptcy lawyers are here to help. How I Got Started in Millington When I first arrived in the area, Millington was an inland naval base – one of few in the world.
Sometimes it’s better to be patient and wait for things to play out. However, that is NOT the case when you’re behind on your bills and struggling with debt. The sooner you deal with that debt, the better. With interest rates and other fees, the longer you wait the worse it’ll get. The hole will get deeper and it’ll be harder to get yourself out. That’s why it’s important to speak to a local bankruptcy attorney as soon as possible! What Bankruptcy Could Do For You When you’re struggling with debt you just can’t pay, a bankruptcy can help you handle that debt. There are two forms of bankruptcy we practice at Darrell Castle & Associates — Chapter 7 and
By: Darrell Castle Keep your car from being repossessed by filing for bankruptcy TODAY Video Transcript Can you keep your car from being repossessed by filing for bankruptcy? Hi, I’m Darrell Castle and I’m an attorney licensed to practice law in the state of Tennessee and the answer to that question is YES, you really can stop your car from being repossessed by filing for bankruptcy – your car, truck or whatever if that is the vehicle you need to get back and forth from work and so forth. You can certainly stop it from being repossessed. If you’re behind on your payments or something then you can file a Chapter 13. And not only can you stop it from
If you have a wage garnishment, there is no reason for you to lose 25% of your pay. Stop wage garnishment immediately! We offer ZERO DOWN TO FILE! Call 901-327-2100 to see if you qualify. Can bankruptcy stop a wage garnishment before it starts?Hi, I’m Darrell Castle and I’m an attorney licensed to practice law in the state of Tennessee and the answer is YES, bankruptcy can stop a wage garnishment before it starts. What do I mean by that? Well I mean that once you have a debt that you cannot pay, that creditor is going to eventually file a lawsuit against you. He has to do that. He has to reduce his debt to judgement. A judgement means there has
If you’ve considered alternatives to bankruptcy, you may be confused about the credit counseling option. Credit counseling can be a great resource. The right non-profit organization can offer you invaluable help in managing your budget, setting realistic spending goals, and paying off debts responsibly. Unfortunately, though, most people don’t get credit counseling early enough to help when they need it. Instead, they go to credit counseling with already massive debts while hoping to protect their assets, too. The problem is, without legal protection there’s never any guarantee that your debt can be taken care of. When you go into credit counseling with grave financial problems, you create a repayment plan; but that plan gives no assurances that harassing phone calls
By: Darrell Castle Rick Ankiel was a pitcher who couldn’t throw strikes. You may remember him playing for the Memphis Redbirds a decade ago. He wanted to be a major league pitcher but couldn’t overcome injuries and wild pitches. He found a second chance though. When Ankiel realized that his current situation wasn’t working, he decided he needed a fresh start. So he worked on his outfield and batting skills. He reinvented himself as a player to become a major leaguer. And he found success in 2007. You may have made a financial mistake or two and now you’re paying the consequences. You’re living a life of debt and struggling to make ends meet each week. As the calendar turns,