With the holidays rapidly approaching and credit cards getting used with vigor, Tennessee residents may be afraid to see their bills in the New Year. It can be easy to let the spirit of giving drive one’s desire to buy presents for the people who they love and who are important to their lives. However, holiday spending can be a detrimental practice for those who will not have the money they need to pay off their debts when credit card statements come due.
The law firm of Mark T. Young & Associates knows that it can be hard for Chattanooga residents to exercise restraint in their spending when Christmas is just around the corner. The firm is prepared to discuss debt relief and bankruptcy options with men and women who discover, come January, that they are not financially situated to keep up with their loans, bills, and other mandatory payments.
Debt relief can come in many forms, and one form that may benefit some readers is filing for bankruptcy. For individuals who have jobs and have the capacity to pay down their loans, Chapter 13 bankruptcy may be a good option. As has been discussed on this informative bankruptcy blog, Chapter 13 bankruptcy lets individuals make a plan to tackle their debt and reduce it over time with periodic payments.
Now is a good time to evaluate one’s financial situation before spending explodes during the holidays. As readers come to terms with their financial needs, they should know that Mark Young and his dedicated team are ready to work with them to reduce their debts and help them find financial freedom in the New Year.