If you’re in over your head with debt or financial stress, you may be considering the option of bankruptcy. Chapter 13 bankruptcy is a particular kind that allows you to reorganize your debts into a reasonable payment plan based on your economic situation. It’s a great option for people who want to keep their assets – for example, it’s often a preferred method for stopping foreclosure and keeping one’s house. In general it’s not difficult to qualify for Chapter 13, but here are a few rules to keep in mind: Only individuals (not businesses) can file Chapter 13, but business owners can still be eligible. You also have to have enough income to be able to enter a payment
Qualifications for bankruptcy vary state-to-state and district-to-district. Under the Bankruptcy Abuse Prevention and Consumer Protection Act of 2005 (BAPCPA), qualifying for Chapter 7 bankruptcy in Memphis requires you make below the average income for your district. In Shelby County and the Memphis area, courts determine this number based in part on census data, the number of people in your household, and how much money you make. Benefits like Social Security also usually factor in. Keep in mind that these numbers can vary and that, even if you make more than the median income, it does not mean you will not qualify for bankruptcy. Many other details can affect your qualification, such as marital status, the number of cars and other
When people ask us if they need a car accident lawyer after their crash, we don’t always say yes. Surprised? Well, if you just have a simple fender bender with no injuries – like if the car was just a little scratched or the passengers didn’t feel any impact – you most likely don’t need a lawyer. However, if there were injuries involved, you do need to speak with an attorney. Those injuries can add up to surprising costs for you, and a car accident attorney helps make sure those costs are covered. Also keep in mind that serious injuries like whiplash – which can cause chronic back and neck pain or migraines – don’t always show up until a
If you’ve been injured at The Med in Memphis, what options do you have? Memphis medical malpractice lawyer Darrell Castle discusses how we deal with cases against The Med. If you’ve been injured while in a hospital, you need the hospital injury lawyers Memphis, TN has trusted for over 30 years.
In this quick video, Darrell Castle encourages you to consider talking with an attorney if you think you may have a wrongful death case. Learn more: If you have a death of a loved one or someone close to you like a friend that was caused by the negligence or wrongdoing of someone else, you should call a lawyer who’s experienced in those types of cases and get an opinion. There’s no harm in asking – it costs you nothing to talk to that lawyer and get their opinion on your case. More questions? Contact Memphis wrongful death lawyer Darrell Castle. As a firm with a medical malpractice lawyer Memphis, TN turns to with their biggest claims, we’ve dealt with
If you have more credit card debt than money in your savings account, then you’re not alone. According to a survey by Bankrate.com, only 51% of Americans have enough cash in their emergency savings account to clear themselves of credit card debt. This is the highest percentage in four years. “This is a reflection of the stagnant incomes, long-term unemployment and high household expenses that are hampering the financial progress of many Americans,” said Greg McBride,a Bankrate.com’s Chief Financial Analyst. If this is you, I urge you to take measures to resolve this issue before it comes back to bite you in the rear. What happens if you have a sudden medical emergency that brings on high medical bills? What
By: Darrell Castle You’re required to go to court one time when you file for bankruptcy. You’ll need to show up to your 341 meeting, most commonly referred to as your “meeting of creditors.” The meeting of creditors is a chance for your creditors to ask you any questions they may have. This is NOT an opportunity for your creditors to harass you, but to fill in any missing information they may need. And, your attorney will be right there beside you. Your meeting of creditors isn’t court as you may know it. It’s not like the movies portray it. This is a very simple matter that will take you 5-10 minutes, but it’s something you MUST show up to.
Do you need a workers’ comp attorney if you’ve been injured on the job? In this video, Memphis workers’ comp lawyer Darrell Castle explains why you might need one and what it could cost you if you do/don’t get an attorney. To help prevent treatment coverage denial, if you’ve suffered a serious injury while on the job, contact a workers’ compensation lawyer Memphis, TN knows and trusts.
What is a deficiency balance and what can you do about it? By: Darrell Castle Many people don’t realize they can still owe money on a car after it’s repossessed. If your repossessed car sells for LESS than the outstanding balance, then there is a deficiency balance which you’ll still have to pay. If you can’t afford the payments on your car, leading to its repossession, then chances are you can’t afford to pay the deficiency balance either. This is where a bankruptcy attorney comes in handy. By filing for Chapter 7 bankruptcy, which is a complete discharge of your debt, you wipe out your liability for that deficiency balance, meaning you don’t have to pay it. A Chapter 7
Avoid acetaminophen when fighting your sunburn pain By: Darrell Castle With Spring and Summer comes fun in the sun and with fun in the sun, unfortunately for many fair-skin people, comes painful sunburns. When people get sunburns, the natural reaction may be some form of lotion or aloe vera applied to the skin to combat the pain. Another reaction may be to turn to other pain relievers as a solution. One of those pain relievers may be Tylenol, a very popular and recognized over-the-counter pain reliever. However, I strongly urge you to think twice before taking Tylenol, or any other medications containing acetaminophen because of the dangers associated. This comes on the heels of another FDA warning against extra-strength