There are plenty of stories of people who filed for bankruptcy, only to bounce back later to greater success. For many, the process is an opportunity to gain insight into debt management strategies and plan for the future. In fact, some famous Tennessee figures are...
At McElroy & Associates, We Understand That Bad Things Can Happen To Good People
Get A Fresh Start Through Bankruptcy
Month: August 2018
Helping our community thrive
At Jimmy E. McElroy & Associates, we are proud of the work we do — and we like to think of it as more than just helping people file for bankruptcy. Just like our clients, we are members of the community we serve. Our primary goal is to help our Tennessee neighbors...
Chapter 13 filers should beware predatory lenders
Many people who file Chapter 13 bankruptcy fear they will not be able to successfully apply for a loan, or that they will only find lenders that require such high fees that it is not feasible to apply for financing. So when bankruptcy filers find a Tennessee lender...
How can I stop a utility company from turning the lights off?
One option you might have to stop electricity, gas and water companies from discontinuing your service is to file for bankruptcy. This could give you a type of protection that is similar in concept to the automatic stay: the part of bankruptcy that could have the...
Can I keep my car if I file for bankruptcy?
When you fall behind on your payments and your finances start to crumble, you may think about filing for bankruptcy. Declaring bankruptcy is an effective way to wipe out or create affordable payment plans for the following: Credit card debt Outstanding medical bills...
Differences between personal and business bankruptcy
The recent decision involving national toy retailer Toys ‘R’ Us which led to a widespread store closure has generated some interest in the media about the bankruptcy process. As an individual facing bankruptcy in Tennessee, this could lead to confusion and even...