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?
Have you become mired in credit-card debt that only gets worse every month as interest charges and sometimes late fees are added on? You're not alone.
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.
More than likely, it took you some time to make the decision to execute a will. Once you made that choice, you then began the sometimes-arduous process of figuring out how to dispose of your assets after your death.
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.