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

February 2018 Archives

Medical debt is a crippling financial burden

In the last several years, the Kaiser Family Foundation, in conjunction with the New York Times, conducted a survey of Americans regarding the prevalence and impact of medical debt on their lives. The results are both devastating and shocking, but Tennessee families that have faced unexpected or extremely expensive medical situations may relate to the statistics presented in the study's report.

Credit card debt is a national problem

From Seattle to the District of Columbia, Detroit to San Antonio, Americans from all parts of the nation struggle with credit card debt. This fact may not offer Tennessee residents fighting with the burdens of high credit card balances and interest rates a lot of solace, but it should let them recognize that their problems are not unique. Credit cards can be important financial tools for many but can also lead some down the path of financial ruin.

Chapter 13 bankruptcy may be a viable path to financial solvency

When a Hamilton resident cannot pay their bills, cannot keep up with the minimum payments on their credit cards and cannot handle the influx of expenses that burden them each day, they may need to consider significant steps toward eliminating their debts. In situations like this where a person has no extra income on which to make a dent into their debt it may be best for them to try to wipe out as many of their financial obligations as possible through the liquidation process of Chapter 7 bankruptcy.

What is the means test under Chapter 7 bankruptcy?

Last week, this Tennessee bankruptcy blog discussed some of the reasons that a person may not be able to pursue Chapter 13 bankruptcy. This week's post will focus on one of the major requirements a debtor must pass in order to be eligible to file for Chapter 7 bankruptcy: the means test.

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