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Debt Relief Archives

Protecting consumers from bankruptcy in Tennessee

Many Tennessee residents file for bankruptcy every year. Bankruptcy is often regarded as a sign of extreme financial problems. In many cases, one is compelled to file for bankruptcy, not only because of their financial miscalculations or bad investments, but also because they were victims of some fraudulent practices.

How should debtors in Tennessee select a debt relief service?

People who carry debt usually have one important concern: repaying it within a certain time. Tennessee residents who have debt do their best to repay their creditors as soon as they can, but sometimes this is not possible. People who face this problem often consider contacting a credit counseling or debt settlement service to get a handle on their problem. This may be a good option for eliminating debt, but only if the debtor has enough information about the debt relief service to know it is legitimate and offers a real solution.

Tennessee bankruptcy may offer medical debt relief

As many Tennesseans know, life is full of unexpected events that can wreak havoc on their personal finances. Some Tennesseans know firsthand that health problems can create some of the worst financial problems. Sometimes, income and savings cannot cover medical and related expenses and debts often pile up beyond the ability of a wage earner or household to pay. Eliminating such debts can become nearly impossible. One study notes that some 40 percent of Americans carry some health-care debt, and medical debt is the main reason people file for bankruptcy protection and debt relief.

Debt relief tips for a Tennessee fresh financial start

With the holidays fast approaching, many Tennesseans are probably thinking about what they want to buy. Unfortunately, others are thinking the opposite because they can no longer afford purchasing gifts because they are struggling with debts. Nevertheless, there are ways to finally achieve debt relief.

How to find debt relief on a limited budget

For many Americans, including those in Tennessee, eliminating debt can be frustrating. Often the tide of debt continues to rise even as the debtor works hard to repay it. To survive the rising tide, a debtor may be better off looking at the debt relief options that are immediately available.

The unhealthy effect of debt and other financial challenges

Debt itself does not kill, but the stress it causes can. When faced with seemingly insurmountable debt, some Tennesseans feel their situations hopeless and become overwhelmed. Financial troubles can easily lead to both emotional and health problems, if they are not addressed. Fortunately, financial planners know exactly how to do this.

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.

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