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August 2018 Archives

What is the difference between Chapter 13 and 7 bankruptcies?

Are you one of the many Tennessee residents who is struggling to make it in this economic climate? Money struggles affect most people at some point in their lives. Sometimes, bankruptcy is the best way to resolve debt issues. Which type of bankruptcy do you need, though -- Chapter 13 or Chapter 7?

When can you discharge a tax debt in bankruptcy?

People often assume that if they file for bankruptcy, among the debts they won't be able to discharge is income tax debt. That's not entirely true. Under some circumstances, you may be able to do so whether you are filing Chapter 7 bankruptcy, where a person's assets are liquidated to pay their debts, or Chapter 13, which involves a multi-year payment plan.

Study: Young adults are the ones with the most medical debt

As we get older, the amount of money we spend on health care generally increases. That's only natural. Our bodies start to break down and don't work as well as they used to. Sometimes, years of unhealthy living or perhaps old injuries from our youth catch up with us.

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