At McElroy & Associates, We Understand That Bad Things Can Happen To Good People
Get A Fresh Start Through Bankruptcy
Filing for bankruptcy can be a difficult decision for many Memphis-area residents, and especially when part of the household income is Social Security benefits. There are many people in the region who are apprehensive about actually filing for protection from...
A Chapter 7 bankruptcy may not require you to give up your vehicle, even while paying off a car loan. As noted by Experian.com, you may continue financing your vehicle if its equity does not exceed Tennessee's wildcard exemption. Tennessee generally allows Chapter 7...
Bankruptcy can be a helpful financial tool for many situations, but it is not always the answer. You should make sure that you do not file without considering your finances. Keep in mind that there are limitations on how often your can file, so you want to be sure...
If you are in debt and can no longer keep up with payments, you may be facing overwhelming stress, both financial and emotional. Unfortunately, you may also be dealing with constant creditor calls that make it difficult to focus on getting your life back on track....
When your debts begin to spiral out of control, you may find yourself fielding seemingly constant phone calls and communications from your creditors. Your creditors have a right to try to collect what you owe them. However, this does not give them free rein in terms...
When your debts start spiraling out of control due to medical emergencies, job loss or other circumstances, you may feel as if you have reached the end of your rope. You may feel especially stressed if you have creditors calling you at home or at work, in which case...
When you file for any type of consumer bankruptcy, the court issues an automatic stay immediately. This stay gives you protection against debt collectors. According to Cornell Law School, the automatic stay prevents debt collectors from collecting the debts you owe....
Tennessee residents filing for bankruptcy know how stressful the process can be. There are lots of questions about which assets and accounts will be impacted by the bankruptcy claim, including your 401(k) and other retirement accounts. Thankfully, retirement accounts...
For many Tennessee residents, what was a reasonable mortgage amount in 2019 is more than you can handle today. Bankruptcy may look like your best option if you struggle with too much debt every month, but you worry about losing your home and how you and your family...
Filing for bankruptcy can be a double-edged sword. It is good because it allows you to regain control over your finances and get back on track. If you have large amounts of debt, it can remove that from your credit report, which can be beneficial to your credit score....