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Debt Relief Archives

Avoiding debt relief plans that are too good to be true

Tennessee residents who have gotten themselves in over their head when it comes to debt are often desperate to find a way out. Many so-called debt settlement companies take advantage of this desperation and offer quick solutions that turn out to be little more than a way for these companies to make money off of what little these debtors still have. In the end, the victims continue to struggle financially.

Debt relief solutions for Tennessee residents

Incurring debt is like digging a hole in the earth under one's feet. As a person digs deeper, it becomes harder and harder for that person to climb out. Sooner or later, it would be nearly impossible to get out of the hole. Some Tennessee residents are incurring this kind of debt, however, debt relief is not as hard as it seems. A few simple changes in financial habits can help a resident climb out of a debt hole and stand firmly on solid financial ground.

Medical debt most common cause of bankruptcy in United States

Since President Obama signed the Affordable Care Act, many Americans, including Tennessee residents, may be expecting relief from the financial burdens of medical debt. Unfortunately, that may not be the case, especially for people who need medications to maintain their health.

Actress seeks debt relief through Chapter 11 bankruptcy

Tennessee residents know that some celebrities have considerably more financial resources than they do from revenues derived from movies, TV shows, advertisements or music hits. Having considerable money, however, does not mean that someone is exempt from facing financial challenges. Fortunately, even for those in the public eye, debt-relief options are available whenever they might be needed.

Fighting different debt traps in Tennessee via debt relief

Personal debt could be anyone's problem, whether they have a lucrative career or are just earning enough to pay for their living expenses. Most families in Chattanooga, Tennessee, are on the same page with debt issues, especially for those who enjoy swiping their credit cards for every purchase, not realizing that this is presenting them with financial challenges. Under such circumstances, getting out of debt is the ultimate solution. Unfortunately, doing that may not be that easy with some of these debt traps.

Identifying spending triggers can help prevent debt

Shopping to meet basic everyday needs such as food, gas and clothing is just a normal part of living. Unfortunately for some people, the excitement they feel when they spend money can lead to compulsive shopping and sometimes to financial ruin.

Relief possible for Tennessee residents with debts from 2013

According to the Federal Reserve Bank, 2013's third quarter saw a 1.1-percent rise in consumer debt to $11.28 trillion. Basically, Americans overspent from July through September. Tennessee residents who were among these big spenders can follow this simple plan to climb out of debt.

Singer files for Chapter 7 bankruptcy in search of debt relief

Debtors anywhere, including Tennessee, can learn a thing or two from the recent troubles of country singer Eddie Montgomery. Because his reported debts of $13.4 million far outweigh his assets of $1.9 million, the singer recently filed for Chapter 7 bankruptcy. His debts reportedly stemmed from a bankrupt restaurant, Montgomery's Steakhouse in Harrodsburg, Kentucky, which is currently for sale. Proceeds from the sale will be used to pay off the debts from different creditors.

Bankruptcy can be best way out of holiday debt trap

During the upcoming holidays, thousands of Tennessee residents will make countless trips to shopping malls and retail stores to buy gifts. They should be careful, though, to avoid overspending using their credit cards, or they are likely to suffer a financial hangover with the arrival of New Year.

How proposed Medical Debt Relief Act could help consumers

Debts from small credit card purchases, mortgages and student loans are different from those accrued because of medical events, which are seldom planned and often arrive with enormous costs that may or may not be covered by health insurance. Even if a person's medical debt is not insurmountable and does not lead to bankruptcy, it can still affect a person's credit score.

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