One of the common misunderstandings of consumer bankruptcy in Arkansas and Tennessee is the belief that bankruptcy discharges all eligible debts. Each Bankruptcy Code chapter sets parameters around the types of debt a judge may discharge, but ultimately, the court...
At McElroy & Associates, We Understand That Bad Things Can Happen To Good People
Get A Fresh Start Through Bankruptcy
Consumer bankruptcy
Why are debt-relief companies problematic?
Understandably, you want to explore all your options before filing for bankruptcy in Tennessee. To that end, you consider working with debt-relief companies. Could they do more harm than good? The AARP explains why debt-relief programs do not live up to their name....
What happens to medical bills in bankruptcy?
You may feel overwhelmed with debt. Especially, since you faced an unexpected knee surgery last year, which also required several sessions of physical therapy afterward. You may wonder if you should consider bankruptcy. But will it wipe out the thousands you owe in...
How does bankruptcy impact my credit?
One of the things that keep people from filing for bankruptcy is the fear of long-term consequences. What good is discharging or managing debt if your credit is too bad to let you do anything with your new financial freedom? Do the benefits of bankruptcy outweigh the...
Can my bankruptcy impact my job search?
Bankruptcy can give you and your finances a fresh start. However, some may worry about how their recent bankruptcy filing could impact their employment search. For those who filed and are looking for work, the circumstances may be a bit different. While it’s illegal...
Chapter 7 and Chapter 13 bankruptcy differences
Many different circumstances can lead to bankruptcy. Maybe you have medical or credit card debt you can’t seem to escape. Maybe you got divorced, and your income has shrunk significantly enough that debt is piling up, or maybe your business is not doing well, which...