At McElroy & Associates, We Understand That Bad Things Can Happen To Good People
Get A Fresh Start Through Bankruptcy
Tennessee residents struggling with unmanageable financial situations are sometimes put off seeking debt relief because they are worried about the impact filing for bankruptcy would have on their credit. Bankruptcies appear in the public records section of credit...
Filing for bankruptcy may be an ideal way to keep your Tennessee home or to put a stop to wage garnishment. However, there may be other options available to help you get out of debt without doing as much harm to your credit score or creditworthiness. These options may...
Many Tennessee residents have money issues and end up falling into debt. This can lead to a slew of problems that can overtake your daily life. These are common signs that it’s time to file for bankruptcy to alleviate your financial burdens. You’re struggling to pay...
If you have considered filing for bankruptcy in Tennessee, you may wonder what may happen to your car after you do so. Depending on the type of bankruptcy you choose, you may not have to surrender your vehicle so you will maintain a steady means of transportation. The...
Bankruptcy allows people to seek relief from large amounts of debt. If you're going through Chapter 13 bankruptcy in Tennessee, it's understandable to want this burden off your shoulders right away. That said, paying off your bankruptcy plan might not be as smart as...
When Congress drafted the nation’s bankruptcy code, lawmakers created a list of exemptions that allow individuals to protect certain assets when they seek debt relief. The bankruptcy code also allows state lawmakers to create their own exemptions. In some states,...
In Tennessee and other southern states, many individuals have diabetes or other chronic illnesses, with treatment costs contributing to high medical debt. A lack of adequate assistance from financial programs such as Medicaid has exacerbated the issue. The disease and...
Thousands of Tennessee residents struggle to varying degrees with debt, and you may find yourself in that position: Worried about paying your bills, juggling payments from month to month, struggling to make ends meet and resorting to more credit to stay above water....
More than 200,000 borrowers in Tennessee and around the country could soon see their student loans discharged. On March 29, the U.S. Court of Appeals for the Ninth Circuit paved the way for about $6 billion in student loans to be forgiven when it denied a request from...
Memphis residents can consider filing for Chapter 7 bankruptcy when their debts become overwhelming. This type of bankruptcy wipes out several forms of debt, including medical bills and credit card debt. People choose this type of bankruptcy because it offers a fresh...