At McElroy & Associates, We Understand That Bad Things Can Happen To Good People
Get A Fresh Start Through Bankruptcy
Many Mississippi residents seek debt relief through bankruptcy. Bankruptcy is a legal process that relieves an individual of all or most of their financial debt obligations. Filing bankruptcy lessens stress over money, bills and constant creditor calls, but it also...
If you have significant medical debt, you are likely familiar with its negative impact on your credit score. Fortunately, recent changes in Tennessee law regarding medical debt have decreased the impact it has on credit reports. How medical debt affects credit reports...
In Tennessee, you can file for Chapter 7 bankruptcy as many times as you need to, but there are strict rules you will need to observe to do so successfully. Most importantly, you must wait for a few years from your previous discharge to file for another. In some...
Going through bankruptcy in Tennessee negatively affects your credit score and can wreak havoc on your finances. It can also take a toll on you emotionally, and if you are looking to purchase a new home you might fear that no banks will lend to you. Many people have...
Most people understand that bankruptcy clears unsecured debts like credit cards and medical bills. However, misunderstandings remain about discharging tax debt with bankruptcy. In reality, bankruptcy can clear some tax debts that are owed to the IRS or another tax...
If you are struggling to pay your bills, filing for bankruptcy may be an ideal way to eliminate or reorganize existing debt balances. Depending on the circumstances of your case, it may be possible to do so without losing your Tennessee home. There are a number of...
Residents of Tennessee and Arkansas considering Chapter 13 bankruptcy should take a few moments to examine how the repayment plan works. Chapter 13 is a debt restructuring plan that allows people to repay their current debts at a fixed monthly price without fear of...
When Chapter 13 bankruptcy petitions are submitted in Tennessee and around the country, creditors seeking payment file what are known as proofs of claim with the bankruptcy court involved. These are legal documents that state how much money the creditor is owed....
When you realize that you need some financial help, you might look to bankruptcy to end your problems. While bankruptcy is the best possible scenario for many people near Memphis, it doesn't necessarily get rid of all debt, and you should only enter into a bankruptcy...
At a certain point, your debts and obligations may become overwhelming, and bankruptcy may be the best option to get your financial life back on track. If you find yourself in this position, it's crucial to understand the details of the bankruptcy process. The...