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Richard Banks & Associates, P.C.
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July 2017 Archives

The right approach to Chapter 13 bankruptcy


For some people in Bradley County, Tennessee, or in other parts of the greater Chattanooga metro area, the prospect of having to file a Chapter 13 bankruptcy is not good news for a struggling family, yet the family does not have much of a choice because they make a high income. For others, filing Chapter 13 is a conscious choice. For instance, some people are willing to trade off having to repay all or part of their debts in exchange for getting to keep all of their property instead of having to turn it over to a bankruptcy official. There are other financial and legal advantages to filing for Chapter 13 bankruptcy and skipping the more common Chapter 7 bankruptcy.

Before signing up for the credit card promo, check the fine print


Many residents of Bradley County no doubt go shopping in Cleveland or in nearby Chattanooga. When they get to the checkout line, they may be offered a store credit card that includes a discount or a wonderful deal too hard to pass up. Others may get special offers through the mail promising rebates, travel miles or special benefits.