On behalf of Jimmy E. McElroy & Associates | May 6, 2020 | Chapter 7 Bankruptcy
Bankruptcy is the lifeline that many people rely on to pull them out under from crushing financial debt. Without this option, many people would lose everything while achieving nothing. While bankruptcy clears the slate for people and allows them to start fresh, it...
On behalf of Jimmy E. McElroy & Associates | Aug 22, 2019 | Chapter 7 Bankruptcy
One of the reasons you may be considering filing Chapter 7 bankruptcy in Tennessee is that you believe Chapter 7 discharges your credit card debt. But is this always true? An article in Bloomberg News reported that the court may not discharge your recent credit card...
On behalf of Jimmy E. McElroy & Associates | Aug 9, 2019 | Chapter 7 Bankruptcy
As a resident of Tennessee, you have several options available if you decide to file for bankruptcy. Chapter 13 and Chapter 7 are the two most commonly talked about. However, before you file for bankruptcy, you should understand that not every...
On behalf of Jimmy E. McElroy & Associates | Jul 29, 2019 | Chapter 7 Bankruptcy
Getting a divorce is difficult enough without experiencing money problems on top of it. Unfortunately for many residents of Tennessee and elsewhere, financial peril is common after a divorce. As you may already know, this can be especially true for women.Forbes...
On behalf of Jimmy E. McElroy & Associates | Jul 8, 2019 | Chapter 7 Bankruptcy
After a bankruptcy in Tennessee, a person may have mixed emotions. While it feels good to be out of debt and not get frequent and harassing calls from creditors, it may be overwhelming to think about what comes next.There are numerous reasons people file bankruptcy....
On behalf of Jimmy E. McElroy & Associates | Jul 1, 2019 | Chapter 7 Bankruptcy
If you are a Tennessee senior facing serious financial difficulties, you are not alone. If you have begun to think about bankruptcy as your only real option, again, you are not alone. In fact, you are part of a new nationwide phenomenon: gray bankruptcy.The New York...
On behalf of Jimmy E. McElroy & Associates | May 24, 2019 | Chapter 7 Bankruptcy
Before you go any further towards your goals to reduce and manage your debt, you should stop to congratulate yourself. By thinking seriously about bankruptcy or debt consolidation, you have already made a small victory that sets you apart from many Tennessee...
On behalf of Jimmy E. McElroy & Associates | Apr 28, 2019 | Chapter 7 Bankruptcy
While the national and global economy continues to be relatively strong, financial burdens are still everyday realities for many residents in Tennessee. If you find yourself cringing every time another bill or statement arrives, you are far from alone. One thing you...
On behalf of Jimmy E. McElroy & Associates | Apr 21, 2019 | Chapter 7 Bankruptcy
People in Tennessee who struggle to stay on top of their debt know how stressful this situation can be. Regardless of the reasons that contribute to a person’s inability to pay bills and other debts, there should be a way to get help and be able to start over....
On behalf of Jimmy E. McElroy & Associates | Apr 7, 2019 | Chapter 7 Bankruptcy
According to FindLaw, up until late 2005 bankruptcy judges could use their discretion to decide whether a debtor qualified for Chapter 7 bankruptcy. As a result, the majority of bankruptcy filers chose to file for Chapter 7 even if they were fully capable of repaying...
