You might not think about bankruptcy as something you have to qualify for, but that is how it works in most cases. At Jimmy E. McElroy & Associates, we find that most people in Tennessee simply are not prepared for how exclusive the process is, especially when it...
At McElroy & Associates, We Understand That Bad Things Can Happen To Good People
Get A Fresh Start Through Bankruptcy
Year: 2018
Tips for rebuilding credit after bankruptcy
In the wake of a Tennessee bankruptcy filing, chances are, you are working hard to get your finances straightened out so that you can get the fresh start you desire. While filing for bankruptcy is often the first step in the process of rebuilding your financial...
What should I know about chapter 7?
When you realize that your finances have spiraled out of control, you may consider filing for bankruptcy in Tennessee. There are many different types of bankruptcy and as you begin looking into your options, it is important to understand the basic information so you...
Business loans and personal bankruptcy
Many aspiring or current entrepreneurs in Tennessee worry about the effects that bankruptcy may have on their ability to secure financing for their projects. However, there is more myth than fact to many of the ideas surrounding the relationship between debt...
3 reasons not to trust debt relief companies
When your debts keep piling up and you see no way out, you may turn to any source that promises to relieve you of this burdening situation. Advertisements from debt relief companies may become more enticing, as they guarantee you an easy escape through consolidation...
How do Chapter 7 and Chapter 13 bankruptcies differ?
As a Tennessee resident who is grappling with increasingly overwhelming medical, credit card or other debt, you may be weighing your options and trying to determine whether filing for bankruptcy could potentially give you the fresh start you desire. You may, too,...
When you should not file for bankruptcy
You are probably not excited at the prospect of filing for bankruptcy. There are often some big changes you could face with this type of financial relief; it just happens to be one of the most advantageous strategies available for people suffering from massive debt....
What is a hardship discharge?
When you file for Chapter 13 bankruptcy in Tennessee, you must agree to a repayment plan. This plan outlines how much you will pay back each creditor you have. It is your obligation to repay your debts and stick to the plan as part of your bankruptcy agreement. If you...
Fight back against fear by filing for bankruptcy
Creditors in Tennessee can resort to bullying tactics in trying to collect on a debt that you owe once you fall behind on your bills. We at Jimmy E. McElroy & Associates understand the fear that clenches in your stomach when you hear the phone ring and know that...
Move your bankruptcy forward at the 341 meeting
If you have made the decision to file Chapter 7 or 13 bankruptcy, you will be attending the 341 meeting. This is a shorthand term for a meeting of your creditors. This may sound ominous, but it is a big step forward in your bankruptcy proceeding. Held outside of court...