What You Need to Know About COVID and Bankruptcy The last couple of years have impacted nearly everyone in the world, and in the United States, COVID-19 has led millions of Americans into higher debts of all kinds. As a Memphis bankruptcy lawyer for COVID-related debt, I want to let you know how bankruptcy could help you if the pandemic has left you financially overwhelmed. Debt on the Rise During COVID-19 According to the Congressional Research Service, about half of all US households lost income due to the pandemic. Mortgage debt increased, people lost their savings, and 42% of Americans increased their credit card debt. Not to mention, millions of Americans also racked up significant medical debt from COVID. Ambulance
How to Stop COVID Foreclosure and Repossession As a Memphis bankruptcy attorney, I can attest that due to COVID, foreclosure and repossession are on the rise. At the absolute worst time for many American families to face these possibilities, when around half of all Americans lost income due to COVID, creditors are stepping in to make everything even harder. Just as many of us are getting back to a “new normal,” creditors are getting back to their usual tactics, too; and as a result, millions of Americans are facing foreclosure and repossession due to COVID-19. Here’s what’s happening and how you can stop it. Stop Foreclosure Due to COVID-19 Thanks to COVID relief efforts, foreclosures hit a record low during
As a bankruptcy lawyer Memphis counts on, I’m here to tell you that it’s a myth that a TN bankruptcy claim will destroy your credit. Sure, that may be true for people who already have a great score. But if you have significant debt, chances are your credit score is probably very low to begin with. Most people assume the only way to improve their credit score is to pay off all their debt. However, if you’re already struggling to pay rent and put food on the table that can feel just about impossible. Even if you used everything you have to make your monthly payments, if your credit card debt is significant, chances are you’re barely covering the cost of
How Our Memphis Tax Debt Lawyers Can Help Change Your Life If you’re struggling with tax debt, you’re up against one of the most powerful creditors in the world: the federal government. As a Memphis tax debt lawyer, I’ve seen unpaid taxes lead to wage garnishment, lost disability income, and serious stress as families struggle to fight the collections companies hired out by the IRS. The government can even take your property, like your car or home! At our firm, I see folks all the time who have serious tax debt. They come in panicked because they’re facing wage garnishment and other penalties. Maybe you’re feeling the same fears. Fortunately, we can help. Tax debt is one of those burdens
As the world continues to return to group activities, we not only have more interaction with people, but their pets as well. Unfortunately, as a dog bite lawyer TN trusts, I can tell you the more people around you that have a dog, means the higher your chances are of being bitten by one. Believe it or not, around 4.5 million dog bites occur annually in the U.S. I am not telling you this to scare you. Of course not all dogs are vicious. But when a dog turns from cute and cuddly to violent, the damage it causes can be both expensive and traumatizing. Here are 4 tips on dog bites to keep you and your family safe. 1.
Some people wrongly assume that if you slip and fall in a store and get hurt, the store is required to pay for your medical bills. Sometimes the store’s insurance policy will have coverage called “medical payments coverage” which does that, but it is not required. More often, to get your medical bills and other damages paid, you will have to make a liability claim against the store or its insurance company and prove that its employees acted negligently which caused your injuries. Here are some steps that you can take to make sure evidence is preserved after a fall. Immediately notify the manager on duty. Nowadays, most businesses will have a policy in place that requires the manager on
When you’ve been injured in an accident, you may be overwhelmed by the physical and emotional toll, not to mention the financial repercussions. You may need time away from work to heal. You may have medical bills piling up. You may be wondering how you’ll replace your lost income or afford expensive medical care. It may be in your best interest to hire a personal injury lawyer who can help you file a claim for your injuries and related expenses. A personal injury lawyer can help you get all the evidence and documents together for your case and negotiate with insurance companies on your behalf. If a lawsuit is necessary, your personal injury lawyer will act as your representative in
Tax Season is a stressful time for many. But did you know if you’re one of the fortunate people expecting a tax refund this year, you could use it to get out of debt permanently? I know many folks use their refund to pay down credit cards or medical bills. But as a Memphis bankruptcy claim attorney, I can tell you that with bankruptcy you can achieve lasting relief from debt, not just a temporary holdover. Here are four reasons why using your tax refund to file for bankruptcy could be the choice that changes your life for the better. 1. No more harassing calls from creditors. Unfortunately, if you’re behind on your bills, creditors are empowered by law to
Sadly, the pandemic is far from over. With stimulus checks long gone and prices surging, many Americans have no choice but to turn to credit cards and payday loans to make ends meet. As a debt lawyer Memphis depends on, I know debt is difficult to endure even without a pandemic. Coupled together, it can make folks feel downright hopeless. Thankfully there’s a way out of the pandemic debt spiral with bankruptcy. Bankruptcy is a time-tested solution that’s helped people for generations. Bankruptcy’s potential to offer hope and much needed financial relief is particularly vital right now. Rising debt isn’t due to irresponsibility, it’s a national crisis. As consumers suddenly pay more for everything from groceries to gasoline, household income can’t
When a victim suffers an injury in an accident caused by another party’s negligence, Tennessee law allows that victim to pursue a personal injury claim or lawsuit against that party. Depending on the extent of the injuries, the victim may end up with overwhelming financial difficulties. A lawsuit allows the victim to recover damages for all the expenses they have sustained from the injuries. A personal injury lawyer in Memphis, TN can explain what your legal options are and help you get the compensation you may be entitled to. Who is liable for an accident victim’s medical expenses? One of the largest damages financially a victim may have are all the medical expenses that have been incurred to treat their