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Helping good people through bad times
Local:423-954-7180
Local:423-954-7180

March 2017 Archives

Exploring the benefits of a bankruptcy filing

The word "bankruptcy" has a negative connotation for most people. After all, when we see news stories about celebrities or former professional athletes filing for bankruptcy many people probably think of how that individual must have made serious financial mistakes to get into such a position. But, the fact is that many Americans face significant financial setbacks all the time, and that can include seemingly insurmountable debt.

There are many ways to address credit card debt

Many recent reports show that Americans are getting more bullish about their prospects in the national economy. The result? Increased consumer confidence - and spending. Unfortunately, this may also result in many Tennessee residents accumulating a bit too much credit card debt. For those who find themselves in this situation, it is important to note some tips on how to address credit card debt.

Discharging debt with a Chapter 7 bankruptcy filing

Millions of Americans are facing the financial dilemma of overwhelming debt. Tennessee residents are among those who are facing this problem. The elimination of debt can be an elusive goal for many people. Some might explore debt consolidation options. Others might try to plan a budget in order to repay the debts. Others may just "stick their heads in the sand". When a Tennessee resident is facing thousands of dollars of debt, none of the options may seem too appealing.

TN newcomer Pure Foods filing for bankruptcy

Debt and an inability to pay debts, or manage finances, can happen to even the largest businesses. One newcomer to Tennessee, Pure Foods, recently opened a new factory and Tennessee location in hopes of launching their corporate headquarters in the U.S. as opposed to Canada. The health food manufacturer was backed by Tennessee Governor Bill Haslam and other state dignitaries, when they opened their $22 million complex in Tennessee last year. Despite their well-supported launch into the marketplace, they are filing for bankruptcy.

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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