Life can present a variety of unforeseen financial challenges. Sometimes, people are prepared to weather these situations. However, in many cases, people are left scrambling to fill the gaps to make it through the financial storm. For some, this may mean skipping a mortgage payment, for others it may mean using a credit card and for others it might mean something completely different.

Whatever the unique solution to the problem, people in these situations are often left with an uncertain financial future. It can be difficult for people to catch up once they have fallen behind. People may wish that they could only have some more time to get back to solid financial ground.

As attorneys in our law firm could explain, Chapter 13 bankruptcy can often provide Tennessee residents with the time they desperately need. Filing a Chapter 13 bankruptcy gives people the opportunity to create a repayment plan that works best for their situation and income level. This allows people to pay their debt over time without constant harassment from creditors.

Our firm knows that people may not feel like bankruptcy is their best option. They may feel like some sort of social stigma exists. But, we also know that the reality is that many people can benefit from the protections offered under Chapter 13. Also, we know that there is no shame in exercising your rights under the bankruptcy code to gain a fresh financial start.

Following the recent recession, many Tennessee residents may be left asking themselves how they will ever get back to where they were. For these people, considering bankruptcy — and Chapter 13 in particular — is a good first step. For more information on how Chapter 13 bankruptcy can help those in need of a fresh financial start, please see our website.