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Determining if Chapter 13 bankruptcy is right for you

Financial problems can creep up on anyone. Even when an individual or family has lived comfortably and financially secure for years, life events could drastically change that. A job loss or a serious medical condition could cause major financial problems. This can make it difficult when navigating the matter, causing one to wonder if they will ever get out of the hole. There are options, and bankruptcy can be a solid and beneficial process for those seeking debt relief and a fresh financial start.

The Chapter 13 bankruptcy process could be the best option for individuals struggling financially. At Mark T. Young & Associates, we understand that it can be difficult to begin this process; however, our attorneys take the time to make sure our clients are well informed of the process and how it could benefit them.

Unlike Chapter 7, the Chapter 13 process could help filers keep their home, their vehicle and other property. The idea is that they will work out a repayment plan lasting three to five years. This makes payments more affordable for the debtor, it stops creditor harassment and it helps address one's debts. The ability to apply for this type of bankruptcy is dependent on an individual's situation, and our attorneys take the time to help our clients in the Chattanooga area understand what process will work best for them.

To learn more, check out our law firm's Chapter 13 website. While it may be an overwhelming time and difficult process to initiate, it is often beneficial and extremely valuable that those dealing with financial problems to explore their options. Bankruptcy can be a real and tangible solution, and it is vital to understand how it can work for an individual or family when it comes to debt relief.

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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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