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April 2016 Archives

What role does a bankruptcy trustee play?

Many Tennesseans know that bankruptcy is an option when times are tough and they need a fresh financial start. But, few know the mechanics involved, from filing a Chapter 7 or Chapter 13 bankruptcy petition to creating a plan to dispense with debts, or who will oversee the process. One area that is often not well known is the role of a bankruptcy trustee. To learn more about the trustee's role in the process, keep reading.

Documents to gather before filing for bankruptcy

Filing for bankruptcy can be just what a Tennessean needs to clean their financial slate, and try again. But, filing for bankruptcy is not something to do on a whim. Once a person has done their homework and decided that filing for Chapter 7 or Chapter 13 bankruptcy is the right choice, they will then have to gather up an array of documents. Just which documents will be needed depends on the person. To get an idea of what documents will be important, keep reading.

Does bankruptcy mean giving up everything?

Many Tennesseans understand the basic contours of bankruptcy. They know that bankruptcy is a process in which a person can cancel their debts. But, along the way to eliminating those debts, many misconceptions exist. One area that often trips people up is just what property they will need to sell off to pay down their debts. To better understand which property is subject to bankruptcy and which is exempt, keep reading.

Can't pay back your student loans?

Many Tennesseans grow up hearing again and again that going into debt to pay for education is "good" debt. That mantra gets said so many times by so many people, that the idea takes on the aura of accepted wisdom. But that wisdom has come under increasing assault by students who took the advice only to discover that their educational debt is not a set of wings, but rather an anchor pulling them down.

Help is available for those buried in medical debt

Many Tennesseans have meager medical insurance. As a result, when something goes wrong with their health, the financial consequences can be especially grave. They are left stuck with a huge bill, and little option to pay for it. Many Tennesseans make do by putting the bill on their credit card, which only raises the cost further. But Tennesseans do not have to let this debt suffocate them; they can get relief from the debt and the debt collector's letters and calls.

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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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