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Helping good people through bad times

January 2018 Archives

Not everyone will qualify for Chapter 13 bankruptcy

A common misconception may exist in the minds of some Tennessee residents regarding the bankruptcy process. That misconception relates to the ability of an individual to file for protections under the bankruptcy process. While in some situations it may be true that a person can file for some form of bankruptcy, because the different types of bankruptcy employ different requirements, that person may not qualify for all forms of bankruptcy.

Ways to manage holiday spending debt

According to a recent survey Americans complied more than $1,000 per shopper in debt over the holidays and most of those individuals did not plan to incur debts from their winter-month purchases. Chattanooga residents who are suffering from this financial crush should know that there are some debt relief strategies that they may employ on their own before they begin exploring other legal options for getting out from under their financial burdens.

How can I avoid credit card debt?

The New Year has arrived, and by now, some Tennessee residents may be finding that their good intentions to stick to their resolutions have begun to fade. While many may have tried to commit to healthier lifestyles, others may have prioritized getting their financial health back on track. One of the most challenging things to do is to manage one's spending when credit cards are available.

What is the automatic stay in a bankruptcy proceeding?

Though few Tennessee residents ever want to file for bankruptcy, many are able to turn their financial fortunes around through this legal process. Whether they liquidate assets to repay creditors through Chapter 7 bankruptcy or reorganize their monthly payments through Chapter 13 bankruptcy, many experience the benefits of the process before it is even complete. One of those benefits is the automatic stay which will be the topic of discussion for this blog post.

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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