At McElroy & Associates, We Understand That Bad Things Can Happen To Good People
Get A Fresh Start Through Bankruptcy
Recent reports show that credit card debt in the United States has reached $1.26 trillion. In the second quarter of 2026, this means that overall credit card debt went up by a stunning $21 billion. The highest credit card debt has ever been is $1.28 trillion. That...
Living with overwhelming debt can make it difficult to cover even basic needs. Contrary to what some people believe, serious debt is not always the result of overspending. Medical bills, job loss, divorce and other unexpected hardships can leave someone unable to keep...
Dealing with unpaid bills is stressful enough without your phone ringing every hour. If you're behind on payments, you may already know what creditor harassment feels like: constant calls, threatening letters, and collectors who won't take no for an answer. The good...
Facing foreclosure can put the future in uncertain terms. It can be very stressful to find out that you are going to lose your home, and you may be interested in what options you have to stop the foreclosure case. One option that people often consider is filing for...
Filing for bankruptcy requires complete and accurate financial disclosure. You must provide information about your income, property, debts, accounts and recent transactions so the court and trustee can properly evaluate your case. Not every filing mistake amounts to...
Bankruptcy may feel like a process built around loss, but Tennessee law often allows residents who file for protection to keep more property than they expect, up to a specific limit set by state law. State exemption laws preserve certain assets, shielding filers from...
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...