Debt can feel like a heavy weight that never lets up. When you are behind on bills, and the phone will not stop ringing, it is easy to feel overwhelmed. For many, debt-relief companies seem like a way out. They promise fast results, lower payments and peace of mind....
At McElroy & Associates, We Understand That Bad Things Can Happen To Good People
Get A Fresh Start Through Bankruptcy
Consumer bankruptcy
How long can personal bankruptcy limit credit options?
Many people feel anxious about the prospect of filing for personal bankruptcy. They don't want to lose their revolving lines of credit or suffer the consequences of their credit score dropping significantly. However, the credit consequences of bankruptcy are...
Understanding bankruptcy exemptions in TN: What you can keep
If you are thinking about filing for bankruptcy, you may be facing a genuinely difficult decision. Thankfully, understanding your rights and protections can ease this uncertainty one way or another. One of the most common questions people have when considering...
How to rebuild your credit after bankruptcy: 4 smart tips
Bankruptcy is often seen as the end of the financial road, but it can actually mark the beginning of a more stable and manageable future. While it does affect your credit, bankruptcy also clears the path to start over. With discipline and a clear strategy, you can...
Rebuilding credit after bankruptcy is possible
Filing for bankruptcy is a major decision for some people. They realize that they can’t handle making payments on their debts while keeping up with their basic life necessities. One of the questions people who file for bankruptcy often ask pertains to rebuilding their...
Coping with stress and moving forward after bankruptcy
Bankruptcy is often discussed in hushed tones or with a sense of dread -- because a lot of people see it as a sign of failure. It's not. Bankruptcy can happen to anybody -- even the wealthy and famous. The anxiety many people feel surrounding bankruptcy is really...
The difference between Chapter 7 and Chapter 13 bankruptcies
You've probably heard different bankruptcy terms, but if you're like most people, you've probably never considered there could be various types of bankruptcy. However, if you're feeling overwhelmed by debt and monthly payments, then bankruptcy may seem like a very...
Do debt relief programs work?
If you feel like you're drowning in debt, seeing a commercial for a debt relief program can seem like a lifesaver. All you need to do is call the number on the TV, and they will put you on the yellow brick road to financial freedom. But before you hit the dial on your...
Can filing for bankruptcy stop foreclosure?
Those facing a potential foreclosure are often searching for any options they have to keep their house. The first thing to note is that you do have time to consider your choices. The foreclosure process takes months, and your lender likely won’t begin it until you’ve...
Bankruptcy is a powerful financial tool, not a sign of failure
A negative attitude about bankruptcy is relatively common. While bankruptcy can be a powerful resource for businesses and individuals dealing with financial challenges, many people are judgmental about bankruptcy. They fall victim to the common bankruptcy myth that...