At McElroy & Associates, We Understand That Bad Things Can Happen To Good People
Get A Fresh Start Through Bankruptcy
When someone's financial obligations exceed their household income, they may rapidly accrue debt. If they cannot even make the necessary minimum monthly payments on their debts, they could be at risk of lawsuits and other enforcement actions depending on the nature of...
People considering personal bankruptcy have to make a very important decision before they ever file their initial paperwork. They need to choose what type of bankruptcy they’re going to pursue. Individuals usually choose between Chapter 7 bankruptcy and Chapter 13...
Filing for Chapter 7 or Chapter 13 bankruptcy protection can be an effective way to reduce or eliminate your debts. Furthermore, it can be a way to keep a Tennessee car, home or other items that you don't want to be seized or repossessed. There are many common reasons...
Debt is a double-edged sword because while it can be useful when you need access to resources that aren’t immediately available otherwise, you’ll eventually need to pay it off to build net worth. If you’re unable to clear your debt for whatever reason, you can end up...
Credit cards are very convenient financial tools. They allow people to spend money that they do not yet have based on the income they generate or the assets they own. Lenders charge a premium interest rate in many cases for these revolving lines of credit. However, so...
There are federal laws limiting the activity of collection professionals. The rules include restrictions on times during which it is inappropriate to call, the right of workers to refuse calls on the job and limitations on how collection professionals speak to...
Inflation has proven difficult for many consumers in Tennessee to overcome. Rising costs for essentials weaken people's ability to cope with unexpected costs, like a medical emergency or broken vehicle. In these situations, you might overdraw your bank account when...
People file for bankruptcy in federal courts across the United States. Statistics show a significant number of bankruptcy filings in Tennessee, leading some to wonder why. Understanding the reasons for bankruptcy helps some make decisions that could prevent debt...
An increasingly common scenario in the United States is people older than 50 still owing on their student loan balances. This has shown itself to be a major issue not just on the individual level, but for the nation and society. It's become clearer than ever that it's...
The cost of most medical services in Tennessee far exceeds what the average person has the ability to pay. Health insurance often does not cover all expenses, which will leave you with medical debts. You are not alone in this situation. According to the National...