At McElroy & Associates, We Understand That Bad Things Can Happen To Good People
Get A Fresh Start Through Bankruptcy
People who realize that they’re drowning financially generally need to figure out what options they have to regain control of their financial situation. One option is to file for bankruptcy. If you’re in this position, you may think that bankruptcy will result in...
Filing for bankruptcy is a major step in the right direction if you’re drowning in debt. It can give you the chance to do away with a lot of your eligible, unsecured debt so that you can have a fresh financial start. While you’re going through bankruptcy is an ideal...
Many people Tennessee consumers are reluctant to file for bankruptcy because of some of the myths involved. While bankruptcy is not something to take lightly, it can provide those in debt with a clear path to getting back on their financial feet. Many reasons to file...
Advances in medical capabilities mean that more people survive medical emergencies, traumas like car crashes and diseases than ever before. Sadly, many of those patients end up struggling to overcome the debt they accrue when receiving cutting-edge care. Medical debt...
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...
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...
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...