Mathis, Bates & Klinghard PLLC
A Family Law Firm - Clarkville, TN
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March 2018 Archives

Changes could be coming to student loans and bankruptcy

The student loan debt crisis is having a major effect on college graduates in Tennessee and throughout the nation. Young adults took out tens or even hundreds of thousands of dollars in loans to finance their college education. However, due to a downturn in the economy and stagnant wages, they were unable to find jobs post-graduation that allowed them to pay back their student loans. This, in turn, led many individuals to default on their student loan payments, leading to demanding phone calls from collection agencies threatening to take legal action if the debts are not paid. When a person's finances spiral out-of-control, they may want to file for bankruptcy so that they can have a fresh financial start. Unfortunately, traditionally student loans were ineligible for discharge through bankruptcy. However, the Department of Education may soon change that.

How does the new tax law affect spousal support?

If you are a divorced Tennessee resident who pays or receives spousal support, a/k/a alimony, you may have heard rumors that the Tax Cuts and Jobs Act that Congress passed late last year and President Trump signed into law on Dec. 22, 2017, changes how those payments are treated with respect to federal income taxes. These rumors are true. While the new law does not affect the income tax returns you are in the process of preparing to file on or before April 15, 2018, everything could change for you next year.

U.S. Supreme Court will not hear same-sex child custody case

There are many different ways a same-sex couple in Tennessee can have a child. One option they may choose is to have a child using a sperm donor via artificial insemination. However, this brings up issues regarding child custody if the parents get a divorce.

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Mathis, Bates & Klinghard PLLC
412 Franklin Street
Clarksville, TN 37040

Phone: 931-444-3153
Fax: 931-278-6642
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