At McElroy & Associates, We Understand That Bad Things Can Happen To Good People
Get A Fresh Start Through Bankruptcy
When struggling with debt, it is smart to look for a solution. But it is necessary to be cautious about debt-relief companies. Working with a debt-settlement company can leave you in an even worse situation than before. The only reason debt-relief companies seem...
As a Tennessee resident who is getting hounded by creditors or debt collectors, you may be feeling as if you are at your wit’s end. Receiving seemingly constant communications from creditors can prove anxiety-inducing at best, and you may be wondering whether...
In Tennessee, there are a number of debt relief options available. However, bankruptcy is one of the most official. This process uses the courts, so you would be safe from many of the less scrupulous organizations that may claim to help debtors. If you are ready to...
For many people, filing for Chapter 7 bankruptcy is the only way to get their finances back in order. What many people fail to realize before filing is that the oncoming proceedings are a lot more complicated than they expect. For example, many fail to realize there...
Before you go any further towards your goals to reduce and manage your debt, you should stop to congratulate yourself. By thinking seriously about bankruptcy or debt consolidation, you have already made a small victory that sets you apart from many Tennessee...
Circumstances beyond your control may have forced you into financial difficulty. Believing the circumstances to be temporary, you may have used credit cards to pay your bills, becoming saddled with intractable debt in the process. At Jimmy E. McElroy & Associates,...
There is no cut-and-dry situation in which one form of bankruptcy is necessarily better than another. Of course, eligibility is an issue. Tennessee courts offer Chapter 7 to almost any debtor, but Chapter 13 requires some sort of income. Beyond that, it is probably...
Financial stress may have you feeling hopeless about the future and your ability to live debt-free, but fortunately, there are options to help you regain control of your situation. Bankruptcy often gets a bad rap from many people in Tennessee, but the reality is that...
You may be considering bankruptcy to break free from your debt. But you may be hesitant due to fears of what it will do to your credit score. While it is true that filing bankruptcy will impact your credit report, allowing your debt to go to collections may be even...
While the national and global economy continues to be relatively strong, financial burdens are still everyday realities for many residents in Tennessee. If you find yourself cringing every time another bill or statement arrives, you are far from alone. One thing you...