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Make the most of your bankruptcy exemptions

In these uncertain economic times, Chattanooga, Tennessee residents may not know where to turn when they are struggling with medical debt, credit card bills, student loan debt and more. With rising cost of living and stagnant wages, many people are facing economic difficulties. By filing for Chapter 7 bankruptcy, it may be possible for these people to relieve some of the financial pressure they face.

Under federal and state law, certain bankruptcy exemptions can help you keep a lot of your property during a bankruptcy. These bankruptcy exemptions can help you keep your home, your retirement savings, injury settlements and more. These exemptions allow you to move forward from a bankruptcy with the property you need.

However, bankruptcy exemptions can be a complicated area of the law. It can sometimes be difficult people to understand if state exemptions or federal exemptions apply in a particular situation. Furthermore, you may not understand how much value you can keep in a particular item, whether property is exempt or non-exempt or how to assert your exemptions.

Our firm, on the other hand, understands all the complexities of bankruptcy law. We can help you make the most of the exemptions available in your situation so that you can keep as much personal property as possible. With this property, you can gain a fresh financial start without giving up everything you have worked so hard for.

With our help, debtors can reduce the amount of property that falls into the hands of the bankruptcy estate since property in the estate will be sold to pay creditors. We can help you understand the debt relief options available to you, and help you understand what your life will look like following a bankruptcy. For more information about bankruptcy and how our firm can help you, please see our Chapter 7 practice center.

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Mark T. Young & Associates
2895 Northpoint Blvd.
Hixson, TN 37343

Toll Free: 888-376-0282
Phone: 423-933-1606
Fax: 423-877-0363
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