At McElroy & Associates, We Understand That Bad Things Can Happen To Good People
Get A Fresh Start Through Bankruptcy
After filing Chapter 7 bankruptcy, you can keep your primary home. With your debts discharged, the mortgage payment should be more affordable. Even if you want to lower your mortgage payment, you might feel like it is a distant dream once you file for bankruptcy....
The type of bankruptcy you file may determine how soon you could apply for a new mortgage loan. While the record remains on your credit report for up to 10 years, you may apply for certain types of mortgage loans within a few years after a discharge. A Chapter 7...
Eliminating tax debts is not as easy as debt relief company commercials make it seem. The Internal Revenue Service (IRS) or overseeing state only discharges tax debt in special circumstances. Typically, bankruptcy does not wipe out most past due taxes. However,...
You may feel overwhelmed with debt. Especially, since you faced an unexpected knee surgery last year, which also required several sessions of physical therapy afterward. You may wonder if you should consider bankruptcy. But will it wipe out the thousands you owe in...
As a single mom, you work tirelessly to support your family. Unfortunately, your job is not bringing in enough money and the bills are piling up. You do not want to have to reach out to friends and family for money. Bankruptcy is scary and not something you want to...
In Tennessee, residents have several different options when it comes to filing for bankruptcy. One popular option is Chapter 13. With all bankruptcy options, there are unique benefits and potential drawbacks. Today, we will take a look at some of both for this...
There is no cut-and-dry situation in which one form of bankruptcy is necessarily better than another. Of course, eligibility is an issue. Tennessee courts offer Chapter 7 to almost any debtor, but Chapter 13 requires some sort of income. Beyond that, it is probably...
Tennessee residents who have completed Chapter 13 bankruptcy should be aware that are lenders who are looking to take advantage of people who have previously filed for bankruptcy. One of the major signs that you may not be dealing with a reputable lender is that you...
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...
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,...