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January 2014 Archives

Filing for bankruptcy is not the end, it is just the beginning

Many people will avoid filing for bankruptcy at any cost. From Chapter 7 to Chapter 13, the idea of filing for personal bankruptcy can simply be too much for some. What these people do not realize, however, is that filing for bankruptcy can be the best decision that they will ever make. Tennessee readers facing financial challenges and considering filing for Chapter 7 bankruptcy may find the following blog on a man who lost everything only to rebuild after bankruptcy inspiring.

Medical debt and health insurance in Tennessee

Medical debt is a big issue for consumers in the Tennessee. For many consumers, the promise of health insurance is a promise of freedom from financial ruin. Or at least that is what people would like to believe. According to a recently study, however, even with health insurance many people are still vulnerable to the financial challenges that too often occur when an unexpected medical condition occurs. Tennessee readers may find the following discussion on medical debt, health insurance and medical bankruptcy interesting.

Bankruptcy rates fall but experts question reasons

As Tennessee readers already know, things have not been easy for consumers in recent years. Fortunately, while things are still tough, some experts believe that the economic tides are beginning to change. In fact, since 2010 consumer bankruptcy rates have been on a steady decline. Consumer bankruptcies in Tennessee dropped from around 50,000 filings in 2009 to just over 40,000 in 2013.

Singer seeks fresh start through Chapter 7 bankruptcy

The two primary forms of bankruptcy protection available to consumers in the United States are Chapter 7 bankruptcy and Chapter 13 bankruptcy. While both Chapter 7 and Chapter 13 have benefits, when given a choice between the two, most people tend to prefer Chapter 7. One reason is that Chapter 7 allows debtors to exhaust the majority if not all of their debt and obtain the fresh financial start they desire with relative ease. Some Tennessee residents might benefit from Chapter 7 bankruptcy as a form of debt restructuring and being about to rid themselves of financial woes.

Managing credit card debt after the holidays

The holidays can be tough on families financially. From buying gifts, to entertaining family and friends, it is not uncommon for consumers to take on more than they can afford. For some families, the additional debt may be manageable, while for others it may be just the thing that pushes them over the financial cliff. The following is some advice for Tennessee readers struggling to repay credit card bills this holiday season:

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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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