At McElroy & Associates, We Understand That Bad Things Can Happen To Good People
Get A Fresh Start Through Bankruptcy
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...
Coming to terms with the severity of your debt can cause uncertainty about your future. Overwhelming debt can distract you from your job, your family and your future goals. Working with a debt consolidation company is one option you may have heard of or even...
Filing for bankruptcy may allow you to achieve a greater level of financial stability while unemployed. If you pass the means test, you may be able to pursue a Chapter 7 bankruptcy. This generally allows you to eliminate secured debts while retaining the equity in...
Many Americans believe that if they file a Chapter 7 bankruptcy that they will automatically lose their home. It is true that in some cases, people lose their homes during the Chapter 7 bankruptcy process. It is also true that you are more likely to lose your home if...
If you experience serious financial issues, your medical debts may qualify for discharge through bankruptcy. The court, however, does not help you reduce or eliminate just one type of debt, such as outstanding bills owed to a hospital. Before filing a petition, you...
Bankruptcy gives you a fresh start to a more stable financial future. Maintaining the independence that accompanies a debt-free lifestyle will require careful planning. After the completion of your bankruptcy settlement, you may benefit from learning some strategies...
Did you get an offer from a debt-relief company that sounds too good to be true? There is a good chance it might not be true. It is not easy to regain your financial freedom after unmanageable debt. That is because there are real people and real companies out there...