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Helping good people through bad times

February 2016 Archives

Understanding credit education in a Chapter 7 bankruptcy

It's possible for anyone to fall into a state of financial distress. Not many individuals have the flexibility to handle unexpected expenses, a medical crisis or a job loss. When these unfortunate situations occur, individuals may have to rely on credit in order to make their ends meet. This can quickly lead to a state of financial disarray. When this occurs, individuals can be left suffering with serious debt. In these cases, many may turn to Chapter 7 bankruptcy in order to get a fresh financial start.

How does bankruptcy affect child support?

Tennessee residents have a lot of different types of expenses that they have to contend with. In some cases, individuals can manage these expenses without trouble. However, individuals often have to make choices about what they can pay each month. When an individual ends up in debt as a result of being unable to meet all of their financial obligations, the person may turn to bankruptcy in order to get a fresh financial start.

Young people need to protect their financial future

Each year, many Tennessee residents reach adulthood. These young adults are suddenly thrown into a world where they are responsible for their own financial future. They suddenly have access to credit, an income and the ability to incur debt. Young adults need to understand the financial ramifications of the decisions they make and need to understand how to best protect their financial future.

Choosing between bankruptcy and other debt relief options

As people in Tennessee struggle to make ends meet, they may be evaluating their financial options. When people are facing overwhelming debt, it can be easy to just try and ignore the issues. However, debt will rarely go away on its own. People often need to take proactive steps to get a clean financial slate.

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

Phone: 423-954-7180
Phone: 423-624-4002
Fax: 423-624-0509
Chattanooga Law Office Map