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Helping good people through bad times

May 2016 Archives

What is the automatic stay in a Chapter 11 bankruptcy?

When an individual or a business decides to move forward with a bankruptcy to seek debt relief or to have a business reorganization, it can be an intimidating enough situation without having to decipher a variety of different terms. Frustration, confusion and fear are often part of any bankruptcy and it is important to understand the various aspects of the filing. For example, with a Chapter 11, some might not be aware of what an automatic stay is and what it entails. Since understanding these issues of nuance can be troublesome, this is when it is wise to have legal help to get through the Chapter 11 process.

What can be done if you are facing foreclosure?

Owning a home is part of the American dream, but for those in Tennessee who have fallen on hard times, this dream can become a nightmare, especially if they have missed mortgage payments and are now facing foreclosure. However, it may help individuals in such situations to contact their loan servicer to see if there are any options to help them to prevent foreclosure.

Bankruptcy may not be something you want to handle alone

No matter what lead to the decision to file bankruptcy -- whether it was a job loss that left you unable to pay your bills, a serious illness that led to unmanageable medical expenses or for any other reason -- it is important to understand the general process of a bankruptcy case in Tennessee before filing.

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