By: Darrell Castle If you’ve received a judgement and court order for your wages to be garnished because of missed payments on your bills, a bankruptcy attorney can help you with that. In Tennessee, up to 25% of your wages can be garnished if the court hands an order of garnishment to your employer. If you’re having trouble paying your bills now, imagine trying to pay them without 25% of your current pay. Yeah, it seems hard to me too. You can avoid that pitfall. By filing for bankruptcy, you can stop that wage garnishment before it happens. Chapter 7 bankruptcy allows you to discharge your unsecured debts like credit card and medical bills without paying them back. In most
By: Darrell Castle People often have the wrong mindset about how a bankruptcy will affect their credit score. If you’re turned off by bankruptcy because you think it’s going to kill your credit, then you’re thinking about it all wrong. Are you in the position to be considering or thinking about bankruptcy? Well, surely that means you’re behind on your bills and in debt. And since one of the biggest factors of your credit score is on-time payments, your credit score is probably already less than good. This is why a bankruptcy can actually HELP your credit score! By filing for bankruptcy, you can rid yourself of that debt that’s put your credit score where it is now. You could
By: Darrell Castle Fighting over money and debt can ruin even a good marriage If you and your spouse are struggling with debt and would like to talk to someone experienced about your options, then our FREE consultation is perfect for you. Call (901) 327-2100 to schedule your appointment, or fill out the contact form to the right of this page to have someone from our office contact YOU. Video Transcript How can debt affect a marriage? Hi, I’m Darrell Castle and I’m an attorney licensed to practice law in the state of Tennessee and we know that money is the leading cause of divorce. Fighting over money and debt can ruin even a good marriage. It really causes resentment.
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Lasting Impact: Help Your Child Get Out of Debt Is your child out and on his or her own now, but not financially stable? If so, maybe you’ve found yourself feeling like a generous parent who always is there to bail your baby out of a jam. That’s completely common and reasonable. This is your child and you want them to be happy and comfortable. Some parents believe in tough love and allowing their children to struggle through their financial mistakes. Others believe in giving their children money to pay those missed bills. I’m not here to tell you if one is right or wrong. However, many parents who pay their children’s late bills find out it’s a never-ending cycle.
Before you liquidate your retirement accounts to pay down your debt, talk to an experienced bankruptcy attorney. Video Transcript Hello, this is Darrell Castle. I’m an attorney licensed to practice law in the state of Tennessee and on this video, I’m talking about retirement accounts, specifically, how can you save your retirement account in bankruptcy – if you have to do a bankruptcy, what happens to your retirement account? But a better question would be, what happens to your retirement account before you do the bankruptcy? Because what happens to so many people is they get in financial trouble – perhaps they have a small business, it’s not doing too well or they lost their job or something like that
A Chapter 13 bankruptcy can help you keep your car By: Darrell Castle It’s pretty common for people to fall behind on their car payments. Dealing with that debt can be frustrating, but there’s even more the car owner needs to worry about in this situation – losing the car. Your car loan is a secured debt, meaning it’s debt backed by collateral (your car in this case) that a creditor can recover if you default. However, there are ways to stop the creditor from taking your car. If you want to save your car, then a Chapter 13 bankruptcy is right for you. In Chapter 13, you can usually lower your car payment and the interest so that you
Cars don’t kill people; texting & driving does By: Darrell Castle Distracted driving is the leading killer of teenagers in the United States. According to the Tennessee Department of Safety, in 2013, there were more than 5,000 accidents involving distracted drivers and only about 730 accidents involving drunken drivers in Shelby County. Texting and driving is obviously still a big problem, despite the new law in 2009 prohibiting texting and driving in Tennessee. Why are drivers still doing it? Are the punishments not stiff enough? Currently in Tennessee, anyone who’s caught texting and driving can receive a maximum fine of $50. Is that really enough? Is it too hard to catch drivers who are texting on the road? “The first
These days, our phones can feel like our lifelines because they help us stay connected with our loved ones amidst busy schedules and long distances. However, when you’re driving, your phone becomes quite the opposite of a lifeline. While driving, glancing down to your phone to send a text message is a costly, sometimes deadly decision. In fact, if you should get into a car accident while sending a message, that text can be used by a personal injury attorney as evidence to convict you of negligence in a personal injury case. Read on to find out how texting and driving constitutes negligence and what the consequences of a texting and driving car accident are. Texting and Driving Laws in
Wondering how many of your friends and neighbors have filed bankruptcy in Memphis? A lot. Memphis bankruptcy lawyer Darrell Castle discusses. Please consider scheduling a consultation with our team of bankruptcy lawyers Memphis, TN families trust today, so that we can help to ensure that your options are as informed as possible.