At McElroy & Associates, We Understand That Bad Things Can Happen To Good People
Get A Fresh Start Through Bankruptcy
Many Tennessee residents are having a tough time financially in 2023. Personal bankruptcy filings have increased by 20% over the previous year. Yet, you don't necessarily have to file for bankruptcy if you find yourself in financial trouble. Consider alternatives...
If you have considered filing for bankruptcy in Tennessee, you may wonder what may happen to your car after you do so. Depending on the type of bankruptcy you choose, you may not have to surrender your vehicle so you will maintain a steady means of transportation. The...
When Congress drafted the nation’s bankruptcy code, lawmakers created a list of exemptions that allow individuals to protect certain assets when they seek debt relief. The bankruptcy code also allows state lawmakers to create their own exemptions. In some states,...
Thousands of Tennessee residents struggle to varying degrees with debt, and you may find yourself in that position: Worried about paying your bills, juggling payments from month to month, struggling to make ends meet and resorting to more credit to stay above water....
Memphis residents can consider filing for Chapter 7 bankruptcy when their debts become overwhelming. This type of bankruptcy wipes out several forms of debt, including medical bills and credit card debt. People choose this type of bankruptcy because it offers a fresh...
Tennessee consumers who are struggling with unmanageable financial situations often delay filing for bankruptcy or do not seek debt relief at all because they are worried about their property being sold to pay their creditors, and the assets they usually fear losing...
In Tennessee, you can file for Chapter 7 bankruptcy as many times as you need to, but there are strict rules you will need to observe to do so successfully. Most importantly, you must wait for a few years from your previous discharge to file for another. In some...
For people living near Memphis, bankruptcy can be a concerning financial event. The status of your car during bankruptcy can make a significant difference in the next steps, especially if you need your car for work, childcare, and other key day-to-day tasks. Chapter 7...
Many people go through financial straits for a variety of reasons, and often those are through no real fault of their own. They just become overwhelmed with debt while having limited resources to apply to their obligations. The result for many consumers in and around...
Bankruptcy is a legal process that allows people or businesses who cannot pay their debts to get a fresh start by liquidating their assets and using the proceeds to pay off creditors. If you are considering filing for bankruptcy in Tennessee, you should first...