Mark T. Young & Associates
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423-933-1606
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July 2018 Archives

The wild card exemption of a Tennessee bankruptcy

Bankruptcy exemptions are intended to allow debtors to keep some of their property when they elect to file for bankruptcy. Exemptions can be particularly important to debtors who choose to pursue Chapter 7 bankruptcy, which is often referred to as "liquidation bankruptcy". In Chapter 7 bankruptcy, a person is required to sell off items of property in order to attain money to pay off their creditors.

Would you give up social media to eliminate credit card debt?

Before the advent of Facebook, Twitter and even smartphones, Americans had to pick up their landline telephones to check in with friends and family members. Now, though, it is more likely that a Tennessee resident would simply check into their preferred social medial site to find out what is happening in the lives of the people they care about.

Factors that may have prompted your need for debt relief

Have you recently changed jobs? Did you and your spouse move to a new neighborhood in Tennessee where the cost of living is a bit higher than your previous location? Were you or someone you love recently in a car accident? These issues and more are common causes that often lead to unexpected financial crisis.  

What commitments are Chapter 13 debtors bound to fulfill?

Deciding to file for bankruptcy and to utilize the protections of the bankruptcy courts should not be done capriciously. A debtor must fulfill significant commitments in order to complete the process and to avoid further financial and legal issues that may result if they elect not to take their obligations seriously. A general overview of what debtors may face if they begin the Chapter 13 process can be useful for our readers.

Trauma fees may cause medical bills to skyrocket

It is always better to be safe than sorry in situations in which someone's health may be compromised. This is just the reason that Tennessee parents rush their kids to the hospital when they suffer bad falls or show signs of medical distress. Similarly, a couple visiting the United States from abroad did just that when their then-infant child fell off of a hotel room bed and bumped their head.

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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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