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February 2017 Archives

Dealing with your student loans through bankruptcy

Do you find yourself overwhelmed by how much you owe in student loans? You may be like the many Tennessee college graduates who left school and entered the real world, only to find themselves dealing with an enormous amount of debt within a few months of graduation. This can be an impossible burden, especially when dealing with brand new financial responsibilities and other types of debt.

Sporting goods giant Gander Mountain rumored to file bankruptcy

With the ever-changing landscape of retail and online retailers, it is bound to bring inevitable change to how people shop. This, in turn, will affect retail, especially large brick-and-mortar companies. One such company, Gander Mountain, which has several Tennessee locations, has been rumored to be filing for bankruptcy. A company representative has officially answered the allegations that were made on this matter.

Outstanding medical debt can be absolved by filing for bankruptcy

Despite your own or your family's best efforts, medical emergencies can still happen. Whether this is due to an injury sustained in a sudden accident like a car accident or a work accident or a diagnosed illness - the medical bills can be substantial. Beyond immediate care, there are often costs associated with medication and rehabilitation that may leave the injured and their family with many out-of-pocket costs. All of these medical expenses can leave a family knee-deep in medical debt.

Understanding objections to a Chapter 7 discharge

Tennesseans who have reached the point in their financial struggles that they decide to move forward with a Chapter 7 bankruptcy must be aware of certain facts about filing. For example, there might be a misplaced belief that the debtor is automatically entitled to a discharge of debts. This is not the case. Understanding all the various issues that can arise during a Chapter 7 filing can avoid any surprises and help the person prepare for them.

What is Chapter 13 and how is it beneficial?

Tennesseans who are facing financial challenges often do not know where to turn or which potential options are most suitable to their particular situation. Being in debt does not mean that there is no chance for a fresh financial start, but it is important to know which method is preferable. For those who have a job and earn wages, filing for Chapter 13 is a step to consider.

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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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