On behalf of Mark T. Young & Associates | Aug 21, 2020 | Bankruptcy
Have you ever noticed how credit card companies pop up when you are in financial trouble, acting like they are riding a white horse to your rescue? With a slash of your pen, they promise to help you escape the cash crisis you’re currently facing. Well, credit...
On behalf of Mark T. Young & Associates | Aug 7, 2020 | Bankruptcy
There are a number of myths surrounding bankruptcy that can scare people away from getting a fresh start and relief from overwhelming debt. One of the most common myths is that your credit score will never recover after filing bankruptcy. You might think that you’ll...
On behalf of Mark T. Young & Associates | Aug 6, 2020 | Bankruptcy
You have struggled to pay your bills, and that has been reflected in your credit score. Now in the 400s, your score is nearly as low as it can be. You know that you won’t be able to get more credit, and you don’t see a way to improve your situation with any other...
On behalf of Mark T. Young & Associates | Aug 4, 2020 | Bankruptcy
Mounting debts can make anyone’s life difficult. While you likely want to repay yours, you may lack the ability to. Yet, you may fear that some of your debts do not qualify for discharge. This may be the case, but it depends on the debts you have and the type of...
On behalf of Mark T. Young & Associates | Jul 13, 2020 | Bankruptcy
Of all the kinds of debt, medical debt is among the most shocking. When you go through an emergency, you’re focused on your health. You do what you have to do to be healthy again. You go without work and spend time focused on recovery. Then, the bill comes. Medical...
On behalf of Mark T. Young & Associates | Jul 10, 2020 | Bankruptcy
Bankruptcy can be a lifesaver for many people who are struggling with unexpected or sudden financial debt. Although Chapter 7 and Chapter 13 bankruptcy can be the key you need to get a clean slate while starting over, which option is best for you? Bankruptcies are...
On behalf of Mark T. Young & Associates | Jun 18, 2020 | Bankruptcy
When people talk about predatory lending, they often focus on credit card companies, many of which can charge interest rate percentages that range from the high teens to the low 30s. Paying 30% interest may seem unfair and unreasonable, which may make people look for...
On behalf of Mark T. Young & Associates | Jun 11, 2020 | Bankruptcy
Bankruptcy is a powerful tool that can help people manage their debt or eliminate a vast amount of it. While the benefits of bankruptcy can free a trustee from massive amounts of financial debt, it takes time to experience the benefits of bankruptcy. Bankruptcy is a...
On behalf of Mark T. Young & Associates | Jun 8, 2020 | Bankruptcy
When you bring up the issue of student loan debt, which has reached historic proportions in the United States, you will find those who think it is just a problem for the students. They may suggest that they never should have signed on for those loans when they were 18...
On behalf of Mark T. Young & Associates | Jun 8, 2020 | Bankruptcy
When you file for bankruptcy, you’re acknowledging that you aren’t able to pay your debts. This triggers a legal process in which your case is handled by the court. If you’re filing a Chapter 7 bankruptcy, your nonexempt assets are liquidated to pay off the creditors....
