At McElroy & Associates, We Understand That Bad Things Can Happen To Good People
Get A Fresh Start Through Bankruptcy
Many people and businesses in Tennessee consider bankruptcy as a last resort when they are drowning in debt. Though it damages your credit score for a few years, it gives you the opportunity to clear your debts and start a new or reorganize your business. However, the...
Bankruptcy in Memphis is a legal process to remove certain unsecured debts, such as credit cards and medical bills. However, it gets a bad reputation from the many myths that still exist. Myth: Consumers lose everything Many consumers file Chapter 7 bankruptcy, which...
For months now, your financial issues made it hard to climb out of an ever-present quagmire. You may file for bankruptcy, but before that, you must ensure you and your family remain in your home. Bankrate offers suggestions for catching up on your home loan. Use their...
Bankruptcy can be a helpful financial tool for many situations, but it is not always the answer. You should make sure that you do not file without considering your finances. Keep in mind that there are limitations on how often your can file, so you want to be sure...
When your debts begin to spiral out of control, you may find yourself fielding seemingly constant phone calls and communications from your creditors. Your creditors have a right to try to collect what you owe them. However, this does not give them free rein in terms...
When your debts start spiraling out of control due to medical emergencies, job loss or other circumstances, you may feel as if you have reached the end of your rope. You may feel especially stressed if you have creditors calling you at home or at work, in which case...
When you file for any type of consumer bankruptcy, the court issues an automatic stay immediately. This stay gives you protection against debt collectors. According to Cornell Law School, the automatic stay prevents debt collectors from collecting the debts you owe....
Filing for bankruptcy can be a double-edged sword. It is good because it allows you to regain control over your finances and get back on track. If you have large amounts of debt, it can remove that from your credit report, which can be beneficial to your credit score....
In the event that you owe money, creditors have the right to hire debt collectors to encourage you to pay your debt. However, while the use of debt collection agencies is not illegal, there are criminals who might try to coerce you to pay ‘debts’ that do not exist. If...
Personal injuries can result in sky-high medical bills, job loss and extreme financial strain. Because of this, personal injury and bankruptcy often go hand-in-hand. Individuals often wonder if they must list their personal injury awards or pending settlements on...