Ben Sissman, Attorney at Law
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October 2015 Archives

Chapter 7 may help Tennessee residents with failed businesses

Many individuals dream of owning their own businesses, but, unfortunately, many business ventures do not always work out. In some cases, failing business could lead individuals to considerable financial difficulties that they may not know how to handle. Fortunately, Chapter 7 bankruptcy may be able to help Tennessee residents who find themselves facing considerable debt.

Tennessee residents may be interested in bankruptcy case

Many Tennessee residents who go to college or have been through college know that student loan debt can be a considerable financial burden. They may also know that these debts are not easily discharged in bankruptcy and could plague an individual for a considerable portion of his or her life. However, a recent case involving student loans and bankruptcy could potentially lead to a change in the way student loan debt is considered.

Bankruptcy may help Tennessee residents with credit card debt

Debt can affect Tennessee residents in a variety of ways. They may have a small amount of debt that they can easily pay off over time, or they may have overwhelming amounts of credit card debt that they are uncertain how to handle. Because many individuals may not know the best way to take care of their debt, they may consider options that are not always the best for their state of affairs.

Tennessee residents may look for debt relief from medical bills

Medical expenses can often lead Tennessee residents to face considerable financial issues. Some individuals may be able to predict when these costs may arise and plan ahead, but for other parties, medical bills can come about suddenly and cause substantial hardship. If individuals are unexpectedly hit with such expenses, they may find themselves looking for debt relief options to help their state of affairs.

Older Tennessee residents may want to consider Chapter 7

As individuals enter the workforce, it is likely that they will begin saving money for retirement. Retirement funds can be vital in the later years of a Tennessee resident's life, and if those funds are depleted early, that individual could face a considerable financial problem. However, some parties who are facing debt or other money issues may think that using retirement funds could help their predicament. Luckily, there are other options to consider, such as Chapter 7 bankruptcy. 

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Ben Sissman, Attorney at Law
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Memphis, TN 38103

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