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Helping good people through bad times

Tackling financial disaster through bankruptcy

No one can predict when financial disaster will strike. Sometimes a person may find that their income is suddenly slashed due to an unexpected job loss. Other times a person could become very sick for a long period of time, incurring substantial medical debt along the way. Moreover, individuals struggling to get by paycheck-to-paycheck may simply find that their debts have become unmanageable. Fortunately, there is one major protection that people in Tennessee can consider when their finances are spiraling out of control, filing for bankruptcy.

Bankruptcy does not deserve the negative stigma sometimes associated with it. In fact, there are a number of benefits to filing for bankruptcy. While each individual's case is unique, in general, filing for bankruptcy can put a halt -- at least, temporarily -- to foreclosure and repossession actions. If an individual is facing wage garnishment, filing for bankruptcy may help with that as well. Depending on the type of bankruptcy that the debtor files, the person may be able to extinguish their unsecured debt or enter into a repayment plan for their secured debt. In the end, bankruptcy provides many individuals with a path out of debt and a way toward a more sustainable financial future.

If you are wondering whether bankruptcy is right for you, you may want to speak to an attorney. An attorney can assess your finances and determine whether filing for bankruptcy is an option. Attorneys can also help dispel some of the misconceptions that some people have about bankruptcy and they can help demystify the bankruptcy process.

The attorneys at Kenneth C. Rannick, P.C. have helped many in the Chattanooga area file for bankruptcy. They know that financial setbacks can happen to good people, and seek to help their clients overcome these obstacles. To learn more about the benefits to filing for bankruptcy, visit our firm's 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
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