At McElroy & Associates, We Understand That Bad Things Can Happen To Good People
Get A Fresh Start Through Bankruptcy
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....
Medical emergencies often require taking time off from work to provide care for a spouse, parent or child. Under the Family and Medical Leave Act, employees can take up to 12 weeks off for caregiving and keep their jobs. Many companies, however, do not provide pay...
In the event that you owe money, creditors have the right to hire debt collectors to encourage you to pay your debt. However, while the use of debt collection agencies is not illegal, there are criminals who might try to coerce you to pay ‘debts’ that do not exist. If...
Personal injuries can result in sky-high medical bills, job loss and extreme financial strain. Because of this, personal injury and bankruptcy often go hand-in-hand. Individuals often wonder if they must list their personal injury awards or pending settlements on...
Coming to terms with the severity of your debt can cause uncertainty about your future. Overwhelming debt can distract you from your job, your family and your future goals. Working with a debt consolidation company is one option you may have heard of or even...
Filing for bankruptcy may allow you to achieve a greater level of financial stability while unemployed. If you pass the means test, you may be able to pursue a Chapter 7 bankruptcy. This generally allows you to eliminate secured debts while retaining the equity in...
While many Americans face high amounts of debt, you may feel like you cannot escape from the burden. According to CNBC, people use side hustles and freelancing to pay off large debt amounts. The problem with burning yourself out over debt is the effect that it has on...
Many Americans believe that if they file a Chapter 7 bankruptcy that they will automatically lose their home. It is true that in some cases, people lose their homes during the Chapter 7 bankruptcy process. It is also true that you are more likely to lose your home if...
Because they make excellent companion animals, dogs are commonplace in Tennessee and across the U.S. In fact, the American Veterinary Medical Association estimates that almost 40% of all American households have at least one pooch. Still, because of food, medical...