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March 2016 Archives

Info on Chapter 7, Chapter 13 may interest Tennessee residents

Understanding bankruptcy may help Tennessee residents determine whether taking such action could work in their favor. Many parties may avoid this option due to thinking it does more damage than good, but the process could be beneficial for qualifying individuals. The two most common types of personal bankruptcy are Chapter 7 and Chapter 13, and each type has its own proceedings.

Chapter 7 may help with large debt and asset gaps in Tennessee

Financial difficulties can be tough for anyone to face, whether in Tennessee or elsewhere. Many individuals may wish to understand exactly how to handle overwhelming debt, and luckily for them, there are various options and information on those options that may help interested parties see their situation more clearly. If individuals are facing a large monetary gap between their debts and their assets, Chapter 7 bankruptcy may a path to consider.

Bankruptcy may help Tennessee residents with debt accumulation

There are many factors in a person's life that could result in that individual facing financial struggles. Going through a divorce, having a child or experiencing the death of a loved one are just a few sudden events that could come about and lead to financial difficulties. As a result, Tennessee residents may wish to consider their options for dealing with considerable debt, and filing for bankruptcy may be an avenue to pursue.

Bankruptcy may bring relief to Tennessee residents facing debt

Tennessee residents who decide to take the steps to get a handle on their debt should feel relieved and emboldened by their decision. Unfortunately, individuals who decide to move forward with bankruptcy may often feel as if they are being judged or looked down upon for needing debt relief assistance. However, bankruptcy is a viable option for many parties that could allow them to make a fresh financial start.

Credit card debt may be significant concern in Tennessee

Due to the recent increase in debt balances for the average citizen, many Tennessee residents may be considering their financial options. It was recently reported that credit card debt and other revolving debts had seen a $6 billion increase in the last months of last year. As a result, those debts nationwide totalled approximately $936 billion, with low net worth households facing considerable burdens. 

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Ben Sissman, Attorney at Law
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Memphis, TN 38103

Phone: 901-730-4958
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