At McElroy & Associates, We Understand That Bad Things Can Happen To Good People
Get A Fresh Start Through Bankruptcy
Life events, such as unexpected illness or injury, can have significant effects on a person’s life. One of the areas that it can affect is finances. Medical debt can grow quickly, even if the person has insurance. Hospital stays, emergency room visits, specialist care...
For couples facing both financial strain and marital problems, the question of whether to file for bankruptcy before divorcing – or separately in the wake of a finalized settlement – can be very important. In some cases, filing jointly for bankruptcy before ending...
Financial hardship can place enormous pressure on families, especially when debt and child support obligations coexist. Many parents wonder whether filing for bankruptcy will eliminate or reduce their child support responsibilities. Understanding how bankruptcy...
Many people who file for bankruptcy only do so once, but there are those who may want to use the process multiple times. You could find yourself wondering how often you are allowed to file or how long you need to wait after a previous filing. The truth is that it...
Divorce disrupts your life in many ways -- especially financially. Even people who were economically stable during their marriage often find themselves struggling after a divorce. You may now be living on one income while carrying joint debt alone or dealing with...
Filing for bankruptcy is a difficult and embarrassing decision, but it is sometimes necessary to get a fresh start. After the tedious process, the next challenge is rebuilding your credit, which takes time and discipline. Many people face financial hardships in...
If you file for bankruptcy, the court is going to issue an automatic stay. There may be collection efforts in process against you or other legal cases pending, and these are paused until your bankruptcy has concluded. Once it has, the automatic stay is lifted. There...
Deciding to file for bankruptcy is never an easy decision, and when you’re married, it can feel even more complicated. If you are struggling with debt, individually or as a couple, it’s natural to wonder how filing will affect both your finances, assets and long-term...
Many people face overwhelming debt at some point in their lives. Some of them turn to bankruptcy, using Chapter 13 bankruptcy to consolidate that debt into a repayment plan or using Chapter 7 bankruptcy to liquidate assets and eliminate remaining debts. However, some...
Credit cards are very common in modern society. Many people rarely carry cash with them at all. They just use credit cards for everything and make one electronic transfer at the end of the month to pay off the credit card from their bank account. That said, there are...