If you are a Tennessee resident facing overwhelming debt, you probably feel like you are being harassed to death by constant phone calls from all your creditors insisting that you pay their debts immediately. However, the Fair Debt Collection Practices Act forbids...
At McElroy & Associates, We Understand That Bad Things Can Happen To Good People
Get A Fresh Start Through Bankruptcy
Year: 2018
Famous financial troubles past and present
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...
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...
Should you apply for a credit card following bankruptcy?
If you have filed for bankruptcy in Tennessee or anywhere in the nation, the chances are that you have been left with a damaged credit score. However, there are ways that you can rebuild your credit following a bankruptcy. Some people may decide to apply for a credit...
What can you do to rebuild credit after bankruptcy?
If you are a Tennessee resident who has filed for bankruptcy, you may be working to rebuild your credit in the aftermath of your filing. While, initially, you may find that you have a harder time obtaining credit, you can typically slowly build it back up by paying...
Understanding lien stripping
At the law offices of Jimmy E. McElroy & Associates in Tennessee, we understand and empathize with the way our clients feel when they face overwhelming debt and bankruptcy is their only way out. Sometimes Chapter 7 better fits their needs, but if you want to save...