Even when a person makes a good living, financial troubles can make their way into his or her life. It is easy to charge items to a credit card. While this form of payment is useful in certain situations, it can get out of hand in others. This is where credit card debt can become an issue. While it is fine to have some balance of a card, carrying this balance over and continually adding to it can evolve into an unmanageable situation. This is when it may be appropriate for individuals in Tennessee to consider debt relief options.
It is difficult to admit that one needs help, especially when it means filing for bankruptcy. However, the attorneys at Mart T. Young & Associates, understand how to ease this often emotional process. Our law firm is sensitive to the matter, understanding that it is difficult to face financial troubles; however, we are also knowledgeable on the solutions to these problems.
Depending on the goals of a client, we help them determine which bankruptcy filing is best for them. Both Chapter 7 and Chapter 13 have their advantages and disadvantages, and based on the circumstances and objectives of our clients, we help them understand why one process may outweigh the other. We understand that protecting certain property such as a home or motor vehicle is vital; thus, we help our clients understand how this could be accomplished while they go through the process of dismissing and reducing their debts.
To learn more, check out our law firm’s credit card debt website. Although it is difficult to face one’s financial problems, taking steps to address them is the only way a person can get out of debt. Debt relief can come in many forms, one of them being bankruptcy. Those considering this process or facing troubles during the process should take the time to fully understand their rights and options.
