At McElroy & Associates, We Understand That Bad Things Can Happen To Good People
Get A Fresh Start Through Bankruptcy
Cancer survival rates are higher than ever. Advances in modern medicine have made it possible for people to achieve remission from cancers that used to be a death sentence. Chemotherapy, surgery, radiation treatments and immunotherapies can all combine to give people...
Divorce disrupts your life in many ways -- especially financially. Even people who were economically stable during their marriage often find themselves struggling after a divorce. You may now be living on one income while carrying joint debt alone or dealing with...
Filing for bankruptcy is a difficult and embarrassing decision, but it is sometimes necessary to get a fresh start. After the tedious process, the next challenge is rebuilding your credit, which takes time and discipline. Many people face financial hardships in...
If you file for bankruptcy, the court is going to issue an automatic stay. There may be collection efforts in process against you or other legal cases pending, and these are paused until your bankruptcy has concluded. Once it has, the automatic stay is lifted. There...
A Chapter 13 bankruptcy is a multi-year process. In addition to waiting for hearings in court, filers also have to complete a lengthy repayment plan. The person seeking relief through a Chapter 13 filing makes a single monthly payment to the courts, which the trustee...
Deciding to file for chapter 7 bankruptcy is never an easy decision to make. While this option can help relieve you of some debt, it does not eliminate all types of it. Knowing how your debts are classified can help you understand what the bankruptcy process...
Deciding to file for bankruptcy is never an easy decision, and when you’re married, it can feel even more complicated. If you are struggling with debt, individually or as a couple, it’s natural to wonder how filing will affect both your finances, assets and long-term...
Bankruptcy is already a difficult situation to be in. But when income drops or medical issues arise, unpaid taxes and hospital bills can add more stress to a person who is already at their lowest. Many people in the Memphis area feel pressured and trapped by notices,...
Many people face overwhelming debt at some point in their lives. Some of them turn to bankruptcy, using Chapter 13 bankruptcy to consolidate that debt into a repayment plan or using Chapter 7 bankruptcy to liquidate assets and eliminate remaining debts. However, some...
Credit cards are very common in modern society. Many people rarely carry cash with them at all. They just use credit cards for everything and make one electronic transfer at the end of the month to pay off the credit card from their bank account. That said, there are...