At McElroy & Associates, We Understand That Bad Things Can Happen To Good People
Get A Fresh Start Through Bankruptcy
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....
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...