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Helping good people through bad times

May 2015 Archives

The FTC's stringent monitoring of debt settlement firms

People who are trying to settle their debts often approach debt settlement agencies that claim they can help customers eliminate debt. Such agencies will negotiate with creditors and reduce the amount of money that a customer owes them by as much as 30 to 70 percent of the debt.

Is Chapter 13 bankruptcy the best option for you?

A Tennessee resident who wants to be rid of personal debt for a fresh financial start may want to consider filing a Chapter 13 bankruptcy case. The lawyers at Kenneth C. Rannick P.C. completely understand the financial turmoil that people often experience due to mounting and uncontrollable debts. Our attorneys have gained years of expertise helping individuals file Chapter 13 bankruptcy. We use the best bankruptcy practices to help our clients try and get back on their financial feet quickly.

How do you steer clear of student loan debt relief scams?

According to reports, as much as $1 trillion in student loans are owed and this debt crisis is affecting as many as seven million borrowers across the country, including many Tennessee residents. Borrowers in Chattanooga and the rest of the state may be aware that this situation has encouraged unscrupulous businesses to take advantage of borrowers desperate to obtain student loan relief. These scammers make false commitments and charge thousands of dollars in fees for a service that has negligible or no value.

Eligibility criteria and the various advantages of Chapter 13

A Tennessee resident who does not want to the most valuable assets, such as property or a home, can file for Chapter 13 bankruptcy, which allows for a repayment plan to help pay debts over time without the creditors seizing the assets.

Do's and don'ts when a debt collector files a lawsuit

Many Chattanooga, Tennessee, residents understand that debt relief options such as bankruptcy may require the debtor to deal with a number of creditors, or debt collectors, before the debt is paid. Sometimes, that may lead to a dispute between the debtor and the debt collector over a particular issue. In such cases, the debt collector may sue the debtor under the provision of Section 811 of the Fair Debt Collection Practices Act.

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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