By: Darrell Castle People worry about what a bankruptcy will do to their credit score. And rightfully so. Your credit score is important and maintaining a good one can save you a lot of money and frustration in the future. Just like a bankruptcy, a foreclosure will appear on your credit report. And the foreclosure will probably have negative effects. But the truth is, your credit score probably wasn’t very good already. What’s one of the main ingredients in a credit score? On-time payments. And what’s one of the main ingredients in a foreclosure? Missed mortgage payments. Therefore, if you’re facing a foreclosure, then you’ve missed your mortgage payments, meaning your credit score probably isn’t very good. A bankruptcy can
If you’re injured on the job, should you get an attorney? How can a lawyer help with your compensation claim? Is it expensive to hire a Workers’ Compensation 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. In this video, Memphis attorney Darrell Castle discusses why you might want to get an attorney for your Workers’ Comp case. Transcript: How can an attorney help me with my Workers’ Compensation case? You need an attorney for your Workers’ Compensation claim in order for you to be successful in receiving a lump sum benefit for your injury. If you have a disabling injury, then
Truck accidents are different from regular accidents in personal injury because of various factors, from what may have caused the crash to the level of damage done. Memphis truck accident lawyer Darrell Castle explains. What makes truck accidents distinct? Truck accidents are different from other accidents, if by truck you mean the semi, tractor trailer type of thing. They’re different in many ways: for one thing, the speeds tend to be very high when those accidents occur. They usually occur on interstate highways or other throughways at high speed; and a truck that’s several thousand pounds of steal usually plowing into a bunch of cars or something can cause horrendous injuries. The issues involved are different as well. You have
How bankruptcy affects attorneys By: Darrell Castle Did you know that Chapter 13 bankruptcy was developed in Memphis, Tennessee in 1978? There aren’t many better people to discuss its development with than longtime Chattanooga Chapter 13 Trustee, Ken Still. The National Association of Chapter 13 Trustees Quarterly did an interview recently with Still. In Still’s closing remarks, he summed up not only how bankruptcy has affected the clients’ lives, but his as well: “I look forward to every day that I come to work. It is and has been a great challenge and a satisfying job. But it has been much more than a job, it has been an opportunity to assist thousands of people in dealing with their financial
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