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Bankruptcy Archives

The possible consequences of falling behind on monthly payments

It is no secret that dealing with the burdens of debt can be a stressful and taxing experience. If you are staring down mountains of consumer debt, you could be experiencing a variety of hardships, and you might wonder how these issues will impact your financial future.

Dealing with your student loans through bankruptcy

Do you find yourself overwhelmed by how much you owe in student loans? You may be like the many Tennessee college graduates who left school and entered the real world, only to find themselves dealing with an enormous amount of debt within a few months of graduation. This can be an impossible burden, especially when dealing with brand new financial responsibilities and other types of debt.

Filing bankruptcy ... Can you keep the car?

When people reach a financial situation where they have to consider bankruptcy, there can be a lot of fear and uncertainty. What of their assets are they allowed to keep? Will filing for Chapter 7 or Chapter 13 result in a loss of home equity or worse, home ownership? Can a person who files for bankruptcy still own a car or other personal vehicle?

Parental Bankruptcy And College Tuition

Many parents dream of being able to send their kids off to a good college, and not have them worry about massive debt when they graduate. In some cases, parents align their financial priorities to pay for the tuition bill at the expense of their own bills. At times this approach has resulted in those parents being forced to seek relief via a Chapter 13 bankruptcy.

What happens to my car in bankruptcy?

When you have to file for bankruptcy, a lot of concerns go through your mind and one important issue is what will happen to your car. As one of your most important possessions, it can be critical for continuing to work and rebuilding your finances and credit. The good news is that it is possible to keep possession of your vehicle during and after the bankruptcy process.

How to rebuild your credit score after bankruptcy

Unmanageable debt is a terrible burden across the United States. While the number of bankruptcies filed each year is decreasing, Tennessee is still among the states with the highest level of bankruptcies annually. In some situations, bankruptcy is a good choice to regain control of finances, even if the process damages your credit score. The good news is that you can rebuild your credit, and that after a bankruptcy, you will have the ability to take control of and manage your finances responsibly.

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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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