As previously discussed, there are ways for a Tennessee business owner to create a new business after going through bankruptcy, including starting a small business that does not require a lot of capital, or by seeking alternative means of financing. Even so, going...
At McElroy & Associates, We Understand That Bad Things Can Happen To Good People
Get A Fresh Start Through Bankruptcy
Year: 2019
How should you handle finances after bankruptcy?
When you file for Chapter 13 bankruptcy in Tennessee, you may only think about relieving your immediate financial problems. However, it is also a good idea to start thinking about how you can rebuild your finances after bankruptcy. After bankruptcy, one of the things...
Does bankruptcy discharge child support payments?
Your financial situation may have suffered during your divorce. The amount of debt you took plus the lingering child support payments for the next few years leave you in a bit of a bind. You find yourself getting behind in everything. It is overwhelming. You wonder if...
What should you do if you cannot afford to file bankruptcy?
It is bad enough when you reach the point where you realize you need to file bankruptcy, but when you also realize that you cannot afford to file bankruptcy in Tennessee, things become even worse. It is not uncommon to worry about affording bankruptcy. After all, you...
Will bankruptcy help or hurt my future credit options?
If you are one of the many people in Tennessee who faces high levels of debt that you do not know how you will ever repay, the thought of filing for bankruptcy may well have crossed your mind. Before making the choice to pursue a bankruptcy, it is wise for you to...
Going over some benefits of Chapter 13
When it comes to bankruptcy, there are many options, but Chapter 13 makes the most sense for some people. There are a number of reasons why Chapter 13 can be so beneficial, and we will take a closer look at some of the benefits of Chapter 13 in this post. In Memphis,...
Can I choose which debts to pay off first?
Individuals that are just about to file for Chapter 13 bankruptcy may wonder how much flexibility they will have in paying their debts. You might want to prioritize paying off a house mortgage before you want to tackle a credit card bill. While Chapter 13 can help you...
Getting the facts on adversary proceedings
Many Tennessee residents who file for bankruptcy hope that their case proceeds without any problems or detours. However, complications can result in the bankruptcy process. Perhaps a creditor does not approve of the court discharging a debt in your Chapter 7 case, or...
What is an automatic stay?
For many people, bankruptcy is a way to regain control of their finances. A crucial part of this involves the automatic stay. This is an initial injunction that stops creditors from taking further action against you while a court determines whether your case qualifies...
You can create a new business after bankruptcy
The major fear of many business owners in Tennessee is that after going bankrupt they may not be able to create a new business any time soon, if ever. However, this is not the case at all. It is true that having bankruptcy on your record is going to make it harder to...