Mark T. Young & Associates
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April 2019 Archives

Not everyone can file for Chapter 7 bankruptcy

Bankruptcy is a serious legal process that requires individuals to meet significant mandated tasks in order to eventually reach debt discharge. Those who file for Chapter 7 bankruptcy must agree to sell off some of their assets through liquidation in order to acquire enough money to pay off their creditors as fully as possible and work through their bankruptcy processes. In order to use Chapter 7 bankruptcy and its liquidation requirement Tennessee residents must first qualify for it.

Tennessee first in the nation for medical debt bankruptcies

Tennessee is known for many of its positive attributes. Nashville is a hub in the music world, and the state's natural beauty draws visitors from across the nation each year. However, despite the many great things that Chattanooga residents know about their home state, there is one fact that may both surprise and sadden them: Tennessee ranks first in the nation in medical debt bankruptcies.

Why is Chapter 13 called reorganization bankruptcy?

Not all forms of bankruptcy are available to all debtors. While some bankruptcy options are available to individuals, others are only open to certain types of corporations or businesses. For Tennessee residents who wish to use bankruptcy to overcome their financial hardships, there are two main formats that are typically used: Chapter 7 bankruptcy and Chapter 13 bankruptcy.

Can credit card companies raise APRs?

A credit card can be an important tool in a Tennessee resident's financial plan. While cash can be used to make some small and moderately-sized purchases, it is often the case that individuals use their credit cards to make larger purchases so that they do not have to carry around excessive amounts of money. Also, credit cards help consumers facilitate online buying since they may be easily used during electronic transactions.

Hiding your vehicle from repossession may add to your troubles

Owning a car is essential for most people. It is how they get to work, take their kids to appointments and manage dozens of responsibilities throughout a normal week. Without a vehicle, you might be in the embarrassing situation of having to bum rides, borrow vehicles or use public transportation.

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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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