Circumstances beyond your control may have forced you into financial difficulty. Believing the circumstances to be temporary, you may have used credit cards to pay your bills, becoming saddled with intractable debt in the process. At Jimmy E. McElroy & Associates,...
At McElroy & Associates, We Understand That Bad Things Can Happen To Good People
Get A Fresh Start Through Bankruptcy
What Bankruptcy Can Do
Does filing for bankruptcy provide any benefits?
Financial stress may have you feeling hopeless about the future and your ability to live debt-free, but fortunately, there are options to help you regain control of your situation. Bankruptcy often gets a bad rap from many people in Tennessee, but the reality is that...
Is it really impossible to get rid of student loans?
If you are currently thinking about filing for bankruptcy in Tennessee, you were probably disappointed to hear that you were still liable for student loans. However, according to Forbes, this is not always the case. Forbes is clear that a discharge of student loans...
Rebuilding credit should be a focal point after bankruptcy
When people hear the word “bankruptcy,” they often associate it with negative consequences. However, for many people, filing for bankruptcy can be the beginning of a fresh start and an opportunity to redevelop their financial foundation to prepare for a successful...
More ways to finance a new business after bankruptcy
As previously discussed, there are ways for a Tennessee business owner to create a new business after going through bankruptcy, including starting a small business that does not require a lot of capital, or by seeking alternative means of financing. Even so, going...
Will bankruptcy help or hurt my future credit options?
If you are one of the many people in Tennessee who faces high levels of debt that you do not know how you will ever repay, the thought of filing for bankruptcy may well have crossed your mind. Before making the choice to pursue a bankruptcy, it is wise for you to...
You can create a new business after bankruptcy
The major fear of many business owners in Tennessee is that after going bankrupt they may not be able to create a new business any time soon, if ever. However, this is not the case at all. It is true that having bankruptcy on your record is going to make it harder to...
Why are old bankruptcy documents important?
When your bankruptcy is done, you are eager to move on. Many people never want to even look at their old bankruptcy paperwork. Even so, you should still preserve your bankruptcy documents and keep them in a safe location. There may be some occasions when you need to...
When you should not file for bankruptcy
You are probably not excited at the prospect of filing for bankruptcy. There are often some big changes you could face with this type of financial relief; it just happens to be one of the most advantageous strategies available for people suffering from massive debt....
Fight back against fear by filing for bankruptcy
Creditors in Tennessee can resort to bullying tactics in trying to collect on a debt that you owe once you fall behind on your bills. We at Jimmy E. McElroy & Associates understand the fear that clenches in your stomach when you hear the phone ring and know that...