You might not think about bankruptcy as something you have to qualify for, but that is how it works in most cases. At Jimmy E. McElroy & Associates, we find that most people in Tennessee simply are not prepared for how exclusive the process is, especially when it...
At McElroy & Associates, We Understand That Bad Things Can Happen To Good People
Get A Fresh Start Through Bankruptcy
Chapter 7 Bankruptcy
Tips for rebuilding credit after bankruptcy
In the wake of a Tennessee bankruptcy filing, chances are, you are working hard to get your finances straightened out so that you can get the fresh start you desire. While filing for bankruptcy is often the first step in the process of rebuilding your financial...
What should I know about chapter 7?
When you realize that your finances have spiraled out of control, you may consider filing for bankruptcy in Tennessee. There are many different types of bankruptcy and as you begin looking into your options, it is important to understand the basic information so you...
How do Chapter 7 and Chapter 13 bankruptcies differ?
As a Tennessee resident who is grappling with increasingly overwhelming medical, credit card or other debt, you may be weighing your options and trying to determine whether filing for bankruptcy could potentially give you the fresh start you desire. You may, too,...
When is Chapter 7 a better choice than Chapter 13?
If you decide that filing bankruptcy in Tennessee is the only option to your personal financial troubles, then you will next have to decide which type of bankruptcy to file. Your options are Chapter 7 and Chapter 13. Each offers distinct advantages and disadvantages,...
Important tax tips for bankruptcy filers
As someone who is currently navigating your way through a Tennessee bankruptcy case, you are probably trying to find out as much as possible about how your filing will affect your life, and how it will help you regain control of your finances. It is also important,...
How can I work with creditors to avoid bankruptcy?
If you are having trouble paying your debts in Tennessee and have falling behind in payments, your creditors will aggressively approach you to try to get you to pay. At this point, you may be thinking of filing bankruptcy, but you may have another option. You can try...
When could chapter 7 be good idea?
Chapter 7 is a form of bankruptcy that would involve liquidating your assets in order to obtain debt forgiveness. If you could qualify for it, and if you were under significant financial strain, it could be worth your time to look at the long-term results of choosing...
Should you apply for a credit card following bankruptcy?
If you have filed for bankruptcy in Tennessee or anywhere in the nation, the chances are that you have been left with a damaged credit score. However, there are ways that you can rebuild your credit following a bankruptcy. Some people may decide to apply for a credit...
What can you do to rebuild credit after bankruptcy?
If you are a Tennessee resident who has filed for bankruptcy, you may be working to rebuild your credit in the aftermath of your filing. While, initially, you may find that you have a harder time obtaining credit, you can typically slowly build it back up by paying...