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
The dangers of taking Tylenol for your headaches By: Darrell Castle The summer heat and lack of proper hydration can result in some horrible headaches – I’ve fallen victim to many of these. How do YOU deal with them though? Do you tough them out? Do you go lay down or go to sleep? Or do you take some sort of pain reliever? If you take pain reliever to remedy your headaches, it’s important to choose the right one. And it’s not because one is necessarily more effective than the other, but it’s because one is known to be far more DANGEROUS than the other. I’m talking about Tylenol, the household name that’s been linked to serious liver damage and
By: Darrell Castle Did you spend 2014 putting off your financial troubles hoping they’d go away? Well, they often don’t go away unless you do something. In fact, your situation will likely worsen if you don’t do anything. Procrastination and inactivity lead to no where good. To make a change you have to get up and do something! The new year presents a great opportunity and new motivation to get up and do something! Stop being inactive. Stop putting your problems off. Do something now! If you’re struggling financially with debt you just can’t pay, our free financial consultation at Darrell Castle & Associates is perfect for you. You may not want to file for bankruptcy. You may not think
Transcript: How Will Chapter 13 Bankruptcy Affect My Credit? How will a Chapter 13 bankruptcy affect your credit? Well, if you need a Chapter 13 bankruptcy, your credit’s probably not very good to begin with, so in many ways it’s going to help you. Chapter 13 is a five-year (sometimes less) commitment to getting out of debt. And while you’re in that 5-year, 3-year, 4-year – whatever period it works out to be for you – time, you’re not supposed to make any new debt. It’s a commitment to get you free of debt, except for certain long-term obligations like your home mortgage or something like that. But if you complete the Chapter 13, all your unsecured debt like credit
Are you worried about filing for bankruptcy because of how it might hurt your business? In this video, Memphis bankruptcy attorney Darrell Castle explains how bankruptcy affects corporations, and how the affects of bankruptcy may be different on small corporations vs. large ones. httpv://www.youtube.com/watch?v=AksUPBGJ2bU If you have further questions about what life after bankruptcy might look like or what the affects of filing for bankruptcy could be on your unique situation, let us know.
Should the Kroger victims sue the grocery store? By: Darrell Castle As a Memphis personal injury attorney, one passion of mine is to help those people who are hurt on someone’s property due to that property owner’s negligence. These typically come in the form of slip and fall accidents in grocery stores, hotels, banks and similar establishments. However, they can sometimes come in other forms, which leads me to the Kroger incident that happened this past weekend. If you live in Memphis, or in the region, then you’re probably well-aware of the three people injured in a mob beating at the Memphis Kroger at Poplar and Highland. The incident occurred around 9:15pm on Saturday when dozens of teenagers ran from