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Protecting consumers from bankruptcy in Tennessee

Many Tennessee residents file for bankruptcy every year. Bankruptcy is often regarded as a sign of extreme financial problems. In many cases, one is compelled to file for bankruptcy, not only because of their financial miscalculations or bad investments, but also because they were victims of some fraudulent practices.

The Consumer Protection Act in Tennessee is designed to protect consumers from filing for consumer bankruptcy. The state attorney general's office also regards consumer protection as a priority. The attorney general's office, however, does not have the authority to represent consumers in any personal capacity.

The Division of Consumer Affairs takes reports regarding any suspected unscrupulous financial activities by the consumer. This Division of the Department of Commerce and Insurance acts as a regulating authority that can look into all complaints filed by consumers in order to protect them from consumer bankruptcy. Most matters reported by the consumer will be investigated by the authorities.

These state authorities also provide credit counseling for debtors. Many debtors find it beneficial to consult professional legal help in order to understand their rights before and after filing for consumer bankruptcy. Pre-bankruptcy counseling may even help debtors explore their options and reassess their situation, as well as avoid bankruptcy altogether.

Counseling also may be provided to the debtors after filing for bankruptcy in order to help them understand the legal intricacies. Tennessee state authorities even provide mortgage counseling in order to help homeowners and debtors explore options for debt relief.

Source: State of Tennessee, Office of the Attorney General, "Protecting consumers," accessed March 5, 2015

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Kenneth C. Rannick, P.C.
4416 Brainerd Road
Chattanooga, TN 37411

Phone: 423-954-7180
Phone: 423-624-4002
Fax: 423-624-0509
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