At McElroy & Associates, We Understand That Bad Things Can Happen To Good People
Get A Fresh Start Through Bankruptcy
Separating truth from fiction regarding bankruptcy can be a daunting prospect, and fear of the unknown stops many Tennessee residents from filing Chapter 7. Understanding what happens after you complete the process can help you decide whether it’s the right option for...
Eliminating tax debts is not as easy as debt relief company commercials make it seem. The Internal Revenue Service (IRS) or overseeing state only discharges tax debt in special circumstances. Typically, bankruptcy does not wipe out most past due taxes. However,...
One of the common misunderstandings of consumer bankruptcy in Arkansas and Tennessee is the belief that bankruptcy discharges all eligible debts. Each Bankruptcy Code chapter sets parameters around the types of debt a judge may discharge, but ultimately, the court...
Understandably, you want to explore all your options before filing for bankruptcy in Tennessee. To that end, you consider working with debt-relief companies. Could they do more harm than good? The AARP explains why debt-relief programs do not live up to their name....
When faced with mounting bills, it is easy for a person's financial situation to get out of control quickly. When this occurs, your first impulse may be to sign up with a debt relief program. After all, these programs make impressive claims about reducing or even...
It is reasonable to expect that creditors will pursue you when you have not paid your bills. However, some attempts to contact you may seem out of line. If you think that collection attempts have become harassing, you may very well be right. The Fair Debt Collection...
You may feel overwhelmed with debt. Especially, since you faced an unexpected knee surgery last year, which also required several sessions of physical therapy afterward. You may wonder if you should consider bankruptcy. But will it wipe out the thousands you owe in...
One of the things that keep people from filing for bankruptcy is the fear of long-term consequences. What good is discharging or managing debt if your credit is too bad to let you do anything with your new financial freedom? Do the benefits of bankruptcy outweigh the...
In many ways, your car is your lifeline. Without one, getting from place to place becomes difficult. Yet, if you’re preparing to file bankruptcy, you may fear you will lose it during proceedings. While some people must forfeit their car during bankruptcy, you might...
Bankruptcy is the lifeline that many people rely on to pull them out under from crushing financial debt. Without this option, many people would lose everything while achieving nothing. While bankruptcy clears the slate for people and allows them to start fresh, it...