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Helping good people through bad times

Bankruptcy laws help relieve credit card debt

The economy has not been easy on many Tennessee residents in recent years. It has been difficult for people across the state to make ends meet. For some, a job loss has meant that they are relying on credit cards to pay for basic necessities. Other people have had medical emergencies that have caused major financial setbacks and again, people may have relied on credit cards to fill in those gaps.

Whatever the reason people are struggling with credit card debt, there are debt relief options available. While debt forgiveness or consolidation might be an option in some cases, filing for bankruptcy is often a good solution. Depending on the facts in each case, a bankruptcy can help give people a fresh financial start.

When a bankruptcy is filed, creditors can no longer contact individuals in an attempt to collect the debt. This automatic stay gives people immediate relief from creditor harassment. People can then focus on moving forward from their debt instead of avoiding creditor calls.

Bankruptcy laws in are place to help people in Tennessee. They are not something that people should avoid or be ashamed to use. These legal protections help those that need them, especially when credit card debt has gotten out of control.

At our law firm, we attempt to help individuals understand how bankruptcy can be used by those who are struggling to pay back credit card debt. We understand that people face debt for a variety of reasons. We know that good people deserve to use the protections offered by personal bankruptcy. For more information on our law firm, and how bankruptcy can help those with credit card debt, please see our website.

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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