At McElroy & Associates, We Understand That Bad Things Can Happen To Good People
Get A Fresh Start Through Bankruptcy
Chapter 7 bankruptcy is the fastest way for individuals, married couples and businesses to discharge unsecured debts. When the process moves forward without any significant complications, filers can often complete Chapter 7 bankruptcy in less than half a year. Unlike...
For couples facing both financial strain and marital problems, the question of whether to file for bankruptcy before divorcing – or separately in the wake of a finalized settlement – can be very important. In some cases, filing jointly for bankruptcy before ending...
Financial hardship can place enormous pressure on families, especially when debt and child support obligations coexist. Many parents wonder whether filing for bankruptcy will eliminate or reduce their child support responsibilities. Understanding how bankruptcy...
Money problems can build up fast. A few missed payments can turn into collection calls, lawsuits and wage garnishment. As pressure grows, looking into Chapter 7 bankruptcy in Tennessee often brings one key question to the surface — what debts actually go away? The...
Many people who file for bankruptcy only do so once, but there are those who may want to use the process multiple times. You could find yourself wondering how often you are allowed to file or how long you need to wait after a previous filing. The truth is that it...
Money problems do not just drain your bank account—they drain your energy, your sleep and your sense of hope. For millions of people, debt feels like a weight that never lifts. Bankruptcy is often seen as a last resort but for many, it is the first real breath of...
Chapter 13 bankruptcy allows people to keep their property while eventually qualifying for a discharge of their debts. They must make several years of payments through a court-approved repayment plan before they are eligible for that discharge. Typically, only...
Certain rules limit Chapter 7 bankruptcy proceedings. Only some people are eligible for this relatively rapid form of bankruptcy. Additionally, the discharge available only applies to certain unsecured debts, such as credit card balances and medical bills. Individuals...
An individual’s credit score is like a snapshot of their financial health. It provides insight into their financial conduct at a glance. A credit score provides an idea of an individual's creditworthiness, while the other details on their credit report can help show...
When you face mounting debt and ongoing child support obligations, bankruptcy might seem like a way to ease your financial burden. However, the relationship between bankruptcy and child support is more complex than you might think. Thus, understanding how these two...