At McElroy & Associates, We Understand That Bad Things Can Happen To Good People
Get A Fresh Start Through Bankruptcy
Like many Americans, you may be taking advantage of current mortgage forbearance protections. Unfortunately, once your forbearance period is over, you may have to begin making payments again, including repaying delinquent amounts. Restarting monthly mortgage payments...
Did you get an offer from a debt-relief company that sounds too good to be true? There is a good chance it might not be true. It is not easy to regain your financial freedom after unmanageable debt. That is because there are real people and real companies out there...
When people fall behind on their bills, the future might seem unsteady. When that unsteadiness goes on long enough, those same people may want to look into a fresh financial start in Memphis. Bankruptcy sounds like a dirty word sometimes, but these legal methods of...
After filing Chapter 7 bankruptcy, you can keep your primary home. With your debts discharged, the mortgage payment should be more affordable. Even if you want to lower your mortgage payment, you might feel like it is a distant dream once you file for bankruptcy....
The type of bankruptcy you file may determine how soon you could apply for a new mortgage loan. While the record remains on your credit report for up to 10 years, you may apply for certain types of mortgage loans within a few years after a discharge. A Chapter 7...
You know that bankruptcy offers a way to financial freedom, but you do not know what you may have to sacrifice to enjoy that freedom. What could you lose to creditors in bankruptcy? Bankrate explains which assets remain on the table during bankruptcy. Learn how to...
Bankruptcy can help you dissolve or eliminate unmanageable debts. This can be a valuable lifeline if you struggle with debt that you may not be able to pay off, and it is a common experience for many. According to the United States Courts, in the 12-month period prior...
Whether you took on high levels of debt because of a health condition, the loss of your job or some other hardship, it is pivotal to explore your options (such as comparing Chapter 13 and Chapter 7) and make sure that you understand the various requirements associated...
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,...