Chattanooga Chapter 13 Lawyer

If you are struggling to make monthly bill payments and are forced to sacrifice one payment for another, it is wise to consider the possibility of filing for bankruptcy. Bankruptcy exists as a government program to help people escape from mounting debt and get a fresh start.

At Kenneth C. Rannick, P.C., our Chattanooga Chapter 13 attorneys have extensive experience answering questions and guiding clients through the bankruptcy process. Many people hesitate to consider filing for bankruptcy because they feel that it is "wrong" or "immoral." This couldn't be further from the truth. The concept of debt forgiveness originates in the Bible. The authority for bankruptcy laws is guaranteed in the supreme law of the land, the United States Constitution, and has been implemented through the Bankruptcy Code. Chapter 13 exists to help reorganize debt into manageable payments to help you get out of trouble and back on your feet.

"Since 1988 I have filed more than 14,000 bankruptcies for clients in the Chattanooga area and helped them get out of debt. I can help you too — and do it affordably." - Kenneth Rannick

Cleveland Repayment Plan Attorney

Some of our Tennessee clients have underestimated the available relief regarding bankruptcy before they have all of the facts. There are several factors about Chapter 13 bankruptcy that we feel our clients should understand even before they visit our offices, including:

  • Based on the results of a means test, you might not qualify for Chapter 7, but Chapter 13 is still an option.
  • Chapter 13 is a debt reorganization and repayment plan. The plans can be quite varied. Some plans repay creditors in full. Some plans repay very small amounts.
  • Sometimes Chapter 13 is preferable over Chapter 7 because it can be used to manage sensitive debt like child support arrears, taxes, and cosigned debt.
  • A Chapter 13 repayment plan will last either three or five years depending on your disposable income.
  • After the successful completion of the repayment plan, your remaining dischargeable unsecured debt is eliminated.
  • In some situations, it is possible to strip a second mortgage from your home.

It is possible that you have misconceptions about bankruptcy based on stories you've heard or information gleaned from friends. Their experience is not necessarily what you should expect. It is crucial that you speak face to face with a knowledgeable lawyer before you make any decision, not just a paralegal or secretary, to ensure your questions are answered accurately.

Contact Our Firm

If you have questions regarding Chapter 13 bankruptcy, contact Kenneth C. Rannick, P.C. Contact our office by calling 423-954-7180 or by simply completing the e-mail form on this website. We offer free consultations and can maintain evening or weekend appointments based on the needs of our clients.

We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.