How High Interest Rates Can Lead to Bankruptcy As a bankruptcy lawyer in Memphis, TN, I’ve seen the way bankruptcy and interest rates go hand-in-hand. Based on our clients’ experiences, as the rates continue to climb, so will bankruptcies. Why does that happen? Are there any ways to avoid it? And with high interest, should you choose bankruptcy or loan modification? How Inflation Causes High Interest Rates Inflation just means things become more expensive over time. As that happens, the value of money decreases. At a time like right now, when inflation is up, your dollar just doesn’t go as far as it did a year ago. To stop inflation, the banks might raise interest rates. This makes it more
Help After a Memphis Car Accident If you need Memphis car accident help, you’ve come to the right place. Our award-winning Memphis attorneys go above and beyond for victims of car accidents. Along with representing you to the insurance companies and in court if necessary, we offer practical free resources to help. In particular, our Car Accident Checklist helps you respond when the worst happens. Here’s everything you should know about this resource and what else our firm can offer. Why a Checklist? (How Car Accidents Impact Our Memory) Right after an accident happens, you need your memory to work for you. But the stress and anxiety can lead to difficulty concentrating and processing information. Sometimes the stress can interfere
Bankruptcy can be a daunting concept. If you’re considering filing for bankruptcy, it’s important to be aware of the different types of bankruptcy and what they mean for your financial future. In this article, we’ll explore some of the most frequently asked questions about bankruptcy and what an attorney can do for you. Read on to learn more about bankruptcy, and see how the right lawyer can make all the difference. What Is Bankruptcy And How Does It Affect My Future? Bankruptcy is a legal process that can help you get a fresh start if you’re unable to keep up with your debts. Filing for bankruptcy allows you to liquidate assets or reorganize your finances to pay off debts. However,
How the Opioid Crisis Continues to Affect Memphis Area Kids Decades after the first hyper-addictive opioids entered the medical market, kids are still suffering from the results. In Shelby County, our attorneys have seen the devastation of Memphis child opioid addiction firsthand. Here’s what you should know about how these drugs affect infants and kids, and what we can all do about it. What the National Data Tells Us According to the Children’s Defense Fund, adult opioid use is disastrous for children. As just a few examples: As of 2017, between 14 and 22 percent of women nationwide filled an opioid prescription while they were pregnant. In the last decade, on average, an infant was born with NAS (a disease
Fraud in Bankruptcy and How It Affects Your Case The Supreme Court recently ruled on a case called Bartenwerfer v. Buckley, which found you can’t include money obtained by fraud in bankruptcy proceedings. That may sound dense, but we can explain. Here’s what it means and how it might affect your case. The Story Behind the Case A couple named David and Kate Bartenwerfer renovated and sold a San Francisco house to Kieran Buckley. After the purchase, Buckley discovered defects with the house. He sued the Bartenwerfers for misleading him and won, which meant the couple needed to pay him a large settlement. In debt and unable to pay, the Bartenwerfers then filed for bankruptcy. Buckley told the bankruptcy court
Car Accident Lawyer As explained by an experienced car accident lawyer from Woron and Dhillon, LLC – personal injury cases can be complicated, and often rely on various forms of evidence to build a strong case. One valuable piece of evidence that is becoming increasingly common in personal injury cases is data from an event data recorder (EDR), also known as a “black box.” An EDR is a device installed in most newer vehicles that records information about the vehicle’s operation in the moments leading up to an accident. This information can include data such as vehicle speed, throttle position, brake application, steering angle, and more. In personal injury cases, this data can be critical in determining the cause
On Wednesday night February 22nd, 2023 a car accident took place in Memphis, TN. Emergency vehicles and police officers rushed to the scene of the accident after 8 pm that night. The accident occurred in the area of North Germantown Parkway and Rock Creek Parkway according to local authorities. One person was pronounced dead on the scene of the accident, and another was severely injured. The injured victim was taken to a nearby hospital, Regional One, and is reported to be in critical condition. The investigation is still going on according to the local Memphis Police Department. If you or a loved one have experienced a car accident, it would be in your best interest to contact a personal injury
Personal Injury Contributory negligence is an ancient common law doctrine that operates to preclude any financial recovery whatsoever to an individual found at fault — in even the most minuscule way — for causing the accident that led to their injury. According to a personal injury attorney, it should be obvious that the application of this extraordinarily harsh doctrine can result in seemingly wildly unfair results. In a system premised on comparative negligence a person injured in a car accident is free to seek financial recovery from the other party, and would be entitled to collect compensation, so long as they were less than 50% at fault for causing the subject accident. Once the relative degrees of responsibility are fixed there
Here’s Why People File Bankruptcy in Memphis As a Memphis bankruptcy lawyer, I’ve helped thousands of people get out debt in and around Shelby County. Over the years, I’ve seen a lot of patterns around why people choose bankruptcy. While the reasons may vary, everyone’s looking for some form of freedom, and bankruptcy helps them get there. Here are the top 5 reasons people are filing bankruptcy in Memphis. Reason 1: Credit Card Debt / Overspending Credit card debt comes along with so many people’s financial struggles. When you’re in over your head, credit cards offer a short-term way to meet your basic needs. But then soon enough, interest grows and gets worse month after month. In just a short
For Some, a Long Wait for SSDI Benefits Leads to Homelessness If you’re one of the thousands of people waiting to hear back from the Social Security Administration about your SSDI application, you may be in a desperate situation. For some, the wait for SSDI benefits has taken so long, they’ve lost everything. Fortunately, there are ways you can avoid financial distress and make it through what can be a very difficult process. And if you need support, we can help you get there. What’s Happening The SSDI application process can take a long time, with some applicants waiting months or even years to receive a decision. This is due to a variety of factors, including the complexity of the