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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.
Are you living a life controlled by debt? By: Darrell Castle Josh Millburn wrote a memoir on his life titled “Everything That Remains.” In this memoir, he detailed his life in which he lived for material possessions and how he changed his outlook. However, in living for material possessions and to just fill his life with stuff, he fell deep into debt, maxing out credit card after credit card. He did this in his own pursuit of happiness and the “American Dream.” Here’s what he said once he got himself out of debt – “Eventually, happiness was just a speck on the horizon way off in the distance. The closer I got, the farther I had to go. Turns out
By: Darrell Castle One myth of medical malpractice is that doctors pay for the costs out of pocket, and thus are ruined by a large case against them. This isn’t exactly true. Medical malpractice claims are typically handled by the insurance companies, which provide liability insurance to doctors. The larger the settlement for the injured person, the more the insurance company pays, not the doctor directly. (Want to learn everything you need to know about medical malpractice? Click here to download my FREE report, Medical Malpractice 101.) However, doctors do pay a good bit out of pocket for the insurance coverage. Depending on their practice specialty and the risks involved, doctors usually pay tens of thousands of dollars
By: Darrell Castle The idea of workers’ compensation is quite simple. If you’re injured on the job and unable to work, then your employer should provide you with workers’ compensation. It’s purpose is to replace your wages while you’re off work healing. Do you need an attorney for workers’ compensation? Just because the idea of workers’ compensation is simple doesn’t mean the process is. It’s actually pretty complex, especially with new laws in place. However, it’s not complex for experienced attorneys like the ones at Darrell Castle & Associates. A workers’ compensation lawyer Memphis, TN trusts can help you file workers’ compensation in a timely manner. Bypassing an attorney to handle your claim doesn’t keep you from getting compensation, but