When someone's financial obligations exceed their household income, they may rapidly accrue debt. If they cannot even make the necessary minimum monthly payments on their debts, they could be at risk of lawsuits and other enforcement actions depending on the nature of...
At McElroy & Associates, We Understand That Bad Things Can Happen To Good People
Get A Fresh Start Through Bankruptcy
Month: January 2024
What benefits can filers obtain from a Chapter 13 bankruptcy?
People considering personal bankruptcy have to make a very important decision before they ever file their initial paperwork. They need to choose what type of bankruptcy they’re going to pursue. Individuals usually choose between Chapter 7 bankruptcy and Chapter 13...
5 main reasons people file for bankruptcy
Filing for Chapter 7 or Chapter 13 bankruptcy protection can be an effective way to reduce or eliminate your debts. Furthermore, it can be a way to keep a Tennessee car, home or other items that you don't want to be seized or repossessed. There are many common reasons...
Tips for handling emotions during the bankruptcy process
Individuals going through the bankruptcy process may experience a range of feelings. Understanding and acknowledging these emotions is crucial in effectively handling the bankruptcy process. Whether negative or positive, each emotion plays a role in the individual's...