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February 2014 Archives

Medical debt expected to be No. 1 cause of bankruptcy

When a consumer experiences an unexpected medical condition there is little option but to see a doctor, regardless of their financial situation. As a result, it is not uncommon for consumers to face huge medical debt that far exceeds their ability to pay. In fact, as many Tennessee readers already know, medical bills or outstanding medical debt is one of the leading causes of bankruptcy filings in the Untied States.

Former television star files for Chapter 7 bankruptcy

Bankruptcy can happen to anyone. From the rich and famous to the average Joe, bankruptcy and financial challenges do not discriminate based on a person's notoriety. In fact, as many Tennessee readers know, a lot of young celebrities' find themselves facing serious financial troubles once the spotlight begins to wane. In such cases, sometimes, filing for Chapter 7 bankruptcy is the best path to a fresh start.

Managing credit card debt in a world of scams

When consumers are facing serious financial challenges due to large credit card bills, the options that are available to them may seem limited. For many consumers, the choice may be to either pay off the credit card debt or to use debt relief services. Unfortunately, many people are cautious about considering such services, and for good reason. Tennessee readers struggling with credit card debt and considering a debt relief agency or organization may find the following blog informative.

Medical debt continues to plague U.S. families

Some commentators like to paint bankruptcy as some moral fault, stemming from a person's desire to shirk their responsibilities. However, the reason people file for bankruptcy in the United States is often the result of more complex factors, outside the control of the consumer. In fact, one of the main reasons people file for bankruptcy in the United States is the result of medical bills, associated with sudden, unexpected conditions.

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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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