At McElroy & Associates, We Understand That Bad Things Can Happen To Good People
Get A Fresh Start Through Bankruptcy
Tennessee residents often file Chapter 7 or Chapter 13 petitions when overwhelming debts make their financial situations unmanageable, but some obligations cannot be included in personal bankruptcies. Priority debts that cannot be discharged in a bankruptcy include...
Generally speaking, a lender isn’t going to try to foreclose on a home if someone misses just a single mortgage payment. They technically could because the contract has been violated. But lenders will usually wait for a pattern of missed payments, which makes it more...
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...
The chances of a chapter 7 bankruptcy application getting denied are minimal with more than 99% of all applications in the United States ending in discharge. Still, numerous bankruptcy applications are denied every year. Understanding the reasons why your Chapter 7...
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...
If you’re considering filing for Chapter 7 bankruptcy, it’s important to understand the regulations around spending and other financial transactions in the months prior to filing. Activity that can be viewed as trying to defraud the bankruptcy court can derail your...
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...
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...
The main benefit of using a credit card, taking on personal loans or applying for a mortgage is that you can get something now, such as furniture, a home or a vehicle and pay for it later over several installments or monthly fees. However, debt can quickly become...
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...