At McElroy & Associates, We Understand That Bad Things Can Happen To Good People
Get A Fresh Start Through Bankruptcy
Filing for Chapter 13 bankruptcy may put an end to creditor calls, wage garnishments and other negative effects of falling behind on your bills. However, it may also complicate the process of buying a home. Although you can purchase a home in Tennessee while your case...
When a financial situation becomes so dire that covering debts is impossible, a Tennessee resident might seek protection under federal bankruptcy laws, such as by filing Chapter 7 bankruptcy. Those who meet the requirements can take the necessary steps to eliminate...
When Tennessee consumers file Chapter 13 bankruptcies, they pay down their debts by making monthly payments for three or five years. When one of those debts is secured by a car, boat or other asset, they can include what is known as a cramdown in their Chapter 13...
Many Tennessee residents are having a tough time financially in 2023. Personal bankruptcy filings have increased by 20% over the previous year. Yet, you don't necessarily have to file for bankruptcy if you find yourself in financial trouble. Consider alternatives...
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,...