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Personal Bankruptcy Archives

A lawyer can help with the bankruptcy means test

Tennessee debtors worried about their financial future may feel overwhelmed by financial challenges, but bankruptcy may be an option. But, getting over the mental hurdles of bankruptcy can be hard, even though it is a time-tested and legal debt relief solution. Having legal assistance to walk the person through the process is essential, like understanding the means test.

Study shows large portion of Americans with credit card debt

Tennesseans who are in debt are in that position for a variety of reasons. In many cases, they will think they are alone. But, it might be beneficial to understand the statistics of debt -- particularly credit card debt -- is affecting a significant number of Americans. When the debts have become overwhelming, people must also be aware that they have alternatives, such as personal bankruptcy and other forms of debt relief to improve their situation.

Background on bankruptcy with creditors and employment

Tennesseans who are thinking about filing for bankruptcy due to financial challenges will undoubtedly consider the option due to the allure of debt relief and moving forward with his or her life. Whether it is a Chapter 7 bankruptcy, a Chapter 13 bankruptcy or some other chapter, there are certain factors that must be understood even after the case is completed. Two that frequently arise are if the creditor continues trying to collect on a discharged debt after the case has been completed and how a bankruptcy affects employment at a current job.

What should you know about the Chapter 7 bankruptcy means test?

Tennessee residents whose financial challenges have reached the degree that they are considering filing for personal bankruptcy might think that Chapter 7 bankruptcy is often the easiest solution to their issues. It is a useful way to get out of debt. However, while it is a relatively easy process to understand, there are certain rules that govern it. The "means test" is one that should be examined in depth so the person is prepared.

Important points about a discharge when filing for bankruptcy

When a Tennessean thinks about filing for bankruptcy for debt relief, there is a certain amount of personal relief when finally taking the steps necessary to move forward with the process and get clear of financial challenges. However, there are also issues that people might not be fully aware of that can come up later and leave them confused and even disappointed.

Getting the right information about pursuing personal bankruptcy

It is understandable when Tennessee residents have many questions about the bankruptcy process. After all, these individuals are facing significant financial challenges, and they want to make sure that they make the right decision about how best to achieve debt relief. The key for anyone who is contemplating whether to file for bankruptcy is to have the right information about their own unique circumstances.

Lien stripping can be the bankruptcy process that saves your home

For many Chattanooga residents, their home is one of the most important possessions in their life. It's a place where there family lives and it gives everyone in the family roots. Also, a home is a great asset to have, as property tends to appreciate as time goes on. These are just a few reasons why Chattanooga residents facing bankruptcy may be concerned about losing their home in the process.

Medical expenses are a major source of unpaid debt

Medical expenses are often unavoidable. After all, should a person in Chattanooga suffer a medical crisis? These could include visits to the emergency room, necessary surgery or other expensive treatments. And, these bills will simply pile up through no fault of the debtor's own. In fact, according to a recent report by the Consumer Financial Protection Bureau, unpaid medical debt is the number one reason individuals face collection agencies.

What are the duties of a bankruptcy trustee?

Filing for bankruptcy can be intimidating if a person has not done so before. Those in Tennessee contemplating bankruptcy may want to learn more about the process before filing. One aspect they may want to familiarize themselves with is the role of the bankruptcy trustee.

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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