At McElroy & Associates, We Understand That Bad Things Can Happen To Good People
Get A Fresh Start Through Bankruptcy
Several misconceptions regarding bankruptcy exist, but one of the most common ones is the fear that you will lose everything if you file for bankruptcy. That, along with a perceived stigma, can make people continue to struggle against a tidal wave of debt. Clearing up...
Garnishments can be a significant financial burden, taking a portion of your wages directly to satisfy debts. Filing for bankruptcy can offer relief, but understanding how and when garnishments stop is crucial for Tennessee residents. Here, you can learn when wage...
When you are drowning in insurmountable debt, a chapter 7 bankruptcy can provide a way out. It can give you a much-needed fresh start and eliminate crippling financial problems. Unfortunately, far too many people have developed incorrect assumptions about filing for...
Tennessee residents often file Chapter 7 or Chapter 13 petitions when overwhelming debts make their financial situations unmanageable, but some obligations cannot be included in personal bankruptcies. Priority debts that cannot be discharged in a bankruptcy include...
The chances of a chapter 7 bankruptcy application getting denied are minimal with more than 99% of all applications in the United States ending in discharge. Still, numerous bankruptcy applications are denied every year. Understanding the reasons why your Chapter 7...
If you’re considering filing for Chapter 7 bankruptcy, it’s important to understand the regulations around spending and other financial transactions in the months prior to filing. Activity that can be viewed as trying to defraud the bankruptcy court can derail your...
The main benefit of using a credit card, taking on personal loans or applying for a mortgage is that you can get something now, such as furniture, a home or a vehicle and pay for it later over several installments or monthly fees. However, debt can quickly become...
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...
When your lender files for foreclosure, you may believe that you’re going to lose your home, but you’re seeking anything you can do to prevent it. This could be because the home is very important for you and your family, so it’s your main priority. It could also be...
When a financial situation becomes so dire that covering debts is impossible, a Tennessee resident might seek protection under federal bankruptcy laws, such as by filing Chapter 7 bankruptcy. Those who meet the requirements can take the necessary steps to eliminate...