Category: Bankruptcy

Cars We Can't Afford: Are We Driving Into Another Recession?

They're called "subprime" auto loans – loans on cars for people who probably can't afford them and won't be able to pay back the loan in the future. Right now, lenders are handing out these loans like candy. Perhaps you've seen the commercials: "No credit? Have no fear! We won't even check your credit history!" "No job? No problem!" "No money down! No interest for 6 months! No joke!" And they're... Read More
Posted by Darrell Castle at Tuesday, Aug 30, 2016 | 0 comments
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Can I File Bankruptcy for a Spouse or Family Member Who Has Died?

FAQ: Can I file bankruptcy for a spouse or family member who has died? ANSWER : While you can't file bankruptcy for another person, you do have options if a deceased loved one has left behind a lot of debt. First off, a case filed prior to death can continue even after the person's death. So if your loved one already filed bankruptcy, their debt may already be handled, and you'll want to speak with their attorney about it.  Secondly, you're not... Read More
Posted by Darrell Castle at Tuesday, Aug 23, 2016 | 0 comments
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When Your Boss Goes Bankrupt

Every day, companies go under. From small, family-owned businesses to large corporations, the effects trickle down to everyone involved.  For example, a friend of mine works for a struggling medium-sized company. She recently received a notice from her employer that all life insurance benefits were being cut. They didn't mean to hurt their employees ; they were trying to cut back on something other than pensions. But that doesn't make the news any easier ,... Read More
Posted by Darrell Castle at Wednesday, Aug 10, 2016 | 0 comments
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Understanding the Needs in Somerville

Being a Memphis bankruptcy lawyer , I've practiced in and around Somerville for 37 years, and I know its struggles and triumphs and how much Somerville depends on its farming. When the farming economy is good, the Somerville economy is good. And when farms suffer, Somerville suffers. Unfortunately, that means income is never really certain. Farming comes wth a lot of unexpected costs and risks, and regular life brings twists too. Even when the economy is doing OK,... Read More
Posted by Darrell Castle at Friday, Jul 29, 2016 | 0 comments
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India Pushes to Have All the Advantages of Bankruptcy

India has passed its first national bankruptcy law, which it hopes will help speed up the process for companies overwhelmed with debt. The law has been celebrated by investors, and that's probably because it reflects why bankruptcy is such a valuable option. If you're struggling with debt you can't pay, perhaps you could use some of these advantages: Bankruptcy increases payments to lenders.  A lot of people don't realize bankruptcy actually helps... Read More
Posted by Darrell Castle at Wednesday, Jul 20, 2016 | 0 comments
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