Your fiancé, Jim, is a wonderful human being: even-tempered, thoughtful and kind to children and animals. He is a hard worker, too, but there is one concern: Jim is deeply in debt and about to declare bankruptcy. You have a fine career and a sterling credit rating....
At McElroy & Associates, We Understand That Bad Things Can Happen To Good People
Get A Fresh Start Through Bankruptcy
Year: 2018
Will you lose your house if you file for bankruptcy?
If you are like many Tennessee residents, you may be trying to figure out how to start digging yourself out from under overwhelming debt, but you may not have a strong understanding of your options. You may know that bankruptcy is one method many people use to get a...
Dispelling common bankruptcy myths
If you, like many residents of Tennessee, are finding it increasingly difficult to stay on top of your finances, you may be seeking solutions that could potentially help you get your life back on track. Bankruptcy, for example, is one method many people consider when...
How long does Chapter 13 give you to pay debts?
You probably have several options in Tennessee for debt relief, but few have the potential to be as generous as Chapter 13 bankruptcy. Part of the advantage is the relatively long timeframe in which you would be able to address your financial liabilities. Chapter 13...
Does bankruptcy really stop bill collectors?
If you are not familiar with bankruptcy, there are probably many small frustrations associated with the process that you do not know about. For example, you may not realize the extent to which Tennessee courts deliberate on their decisions, slowing down the relief of...
5 mistakes to avoid when you file for bankruptcy
When you are trying to tunnel through a mountain of debt, you may have decided that bankruptcy is your best way forward. You are relieved to have made this decision, but also apprehensive. Bankruptcy is a big step and a whole new experience. You want the process to go...
What is the bankruptcy means test?
If you, like many others across Tennessee, are facing overwhelming debt, you may be weighing your options in an effort to figure out what might help you get back on your feet. In some cases, you may find that filing for bankruptcy may help you rebuild your finances...
Chapter 7 versus Chapter 13: Which is best for you?
If you live in Tennessee and are thinking about filing bankruptcy as a last resort to relieve you of your overwhelming debt, you likely wonder whether Chapter 7 or Chapter 13 is your best choice. As FindLaw explains, both types of bankruptcy have their respective...
Will I lose everything if I file for bankruptcy?
If you are scared about losing everything you own to a Tennessee bankruptcy, take a deep breath and prepare for some good news. Filing and eventually being approved for this type of debt relief would not cause you to lose your belongings, if you were to go about the...
Master your credit universe after bankruptcy
Many people bristle at the idea of applying for bankruptcy. Even if you end up with your house and your important assets intact, you may feel as if you will wear a scarlet letter “B” for the foreseeable future. While it is true a Tennessee Chapter 7 bankruptcy will...