brand brand
Helping good people through bad times

Get a fresh start with Chapter 7 bankruptcy

The stress of the holidays is felt by many people across Tennessee. It's not easy to juggle all of the family commitments, parties and other obligations. Each of these events can also cost a lot of money, thereby adding insult to injury. At the end of the holiday season, people are left cash strapped and frazzled.

Many residents may find themselves in deep debt this holiday season. Once the presents have been opened and the food has been eaten, people are left with nothing but a pile of bills. After some weeks, people may start to get harassing phone calls from creditors. Creditor harassment can become embarrassing and difficult to deal with.

Thankfully, there are legal options for people in this situation. These options can help people get the fresh financial start they need. For example, Chapter 7 bankruptcy is available to help individuals struggling with debt. Whether this debt is from consumer spending, medical bills, a lost job or other unfortunate financial situations, a Chapter 7 bankruptcy can help people return to a more stable financial footing.

Chapter 7 bankruptcy allows debtors to discharge much of their debt. Through the liquidation process, people sell assets and pay down debt. Any remaining debt is discharged. However, in many situations people keep all or most of their personal property.

Filing for bankruptcy can be a difficult and stressful process. But, with the right approach, people can understand whether not they qualify to file for Chapter 7 bankruptcy.

At our law firm we attempt to help people get through the bankruptcy process. We try to help people understand whether or not they will lose their personal property and if their debts will be discharged. We understand that it can be an emotionally difficult time. For more information on Chapter 7 bankruptcy, please see our website.

No Comments

Leave a comment
Comment Information

Kenneth C. Rannick, P.C.
4416 Brainerd Road
Chattanooga, TN 37411

Phone: 423-624-4002
Toll Free: 800-257-7594
Fax: 423-624-0509
Chattanooga Law Office Map