Money problems do not just drain your bank account—they drain your energy, your sleep and your sense of hope. For millions of people, debt feels like a weight that never lifts. Bankruptcy is often seen as a last resort but for many, it is the first real breath of...
At McElroy & Associates, We Understand That Bad Things Can Happen To Good People
Get A Fresh Start Through Bankruptcy
What Bankruptcy Can Do
Can I stop my child support payments by filing for bankruptcy?
When you face mounting debt and ongoing child support obligations, bankruptcy might seem like a way to ease your financial burden. However, the relationship between bankruptcy and child support is more complex than you might think. Thus, understanding how these two...
Why do so many cancer survivors file for bankruptcy?
Cancer survival rates are higher than ever. Advances in modern medicine have made it possible for people to achieve remission from cancers that used to be a death sentence. Chemotherapy, surgery, radiation treatments and immunotherapies can all combine to give people...
Dealing with taxes and medical bills in bankruptcy
Bankruptcy is already a difficult situation to be in. But when income drops or medical issues arise, unpaid taxes and hospital bills can add more stress to a person who is already at their lowest. Many people in the Memphis area feel pressured and trapped by notices,...
Can personal bankruptcy help protect a financed vehicle?
Obtaining a vehicle loan is usually a straightforward process, as the vehicle serves as collateral. The lender does not have to worry about defaults because they can repossess the vehicle to recoup the money provided to purchase the vehicle. People driving financed...
Credit card balance transfers can worsen debt levels
People struggling with credit card debt may look for a variety of different solutions. Those with high balances on some of their accounts might receive offers for balance transfers. Some people even open new lines of credit because a company has an attractive balance...
Creditor harassment stops with an automatic stay
Being contacted by creditors is a stressful experience for most people, so trying to get them to stop is often a priority. The situation is even worse for someone who doesn’t have the ability to pay anything on those debts and recognizes that they likely can’t pay...
Automatic stay can stop creditors from harassing you
Are you anxious about answering phone calls and checking your emails due to debts? Consider filing for bankruptcy, a legal lifeline for those with tremendous financial woes. If you need breathing room in debt collection, bankruptcy’s automatic stay can help. A legal...
If medical debt dictates your life, bankruptcy can offer relief
Many Tennesseans, perhaps like yourself, have faced the uphill battle of managing medical debt. Working long hours, selling personal belongings and forgoing conveniences are common coping mechanisms. Understanding the unique nature of medical debt and knowing when to...
How bankruptcy can provide you with a fresh start
Filing for bankruptcy can offer you a fresh financial start, as it can end wage garnishments, creditor phone calls and other negative events. It may also allow you to keep assets such as funds in a retirement account or a Tennessee home, making it easier to rebuild...
