At McElroy & Associates, We Understand That Bad Things Can Happen To Good People
Get A Fresh Start Through Bankruptcy
Homeowners who are 62 years old or older may decide to tap into their home’s equity without having to sell their property. This is done by getting a reverse mortgage on the property. It can be a financial lifeline in retirement, but there are times when it can become...
Making the decision to file for bankruptcy is a big step in life. One concern that you might have is how you’ll budget. As part of the bankruptcy process, you’ll undergo credit counseling and debtor education. Both contain vital information that can help you to budget...
Filing for consumer bankruptcy can feel like a chaotic process, but getting organized early can make the experience smoother, faster and less stressful. Having the right paperwork ready helps you and your counsel build a strong case and avoid delays. Below is a...
When you file for bankruptcy in Tennessee, you may worry about your vehicle loan. The 910-day rule explains how the court handles recent car purchases in Chapter 13 cases. It can shape whether you keep your car or change repayment terms. Understanding it helps you see...
Foreclosure proceedings can have catastrophic consequences for homeowners. Obviously, they lose their primary residence when the lender reclaims it as collateral for the mortgage. The foreclosure process results in a total loss of accumulated equity as well, which can...
If you are facing foreclosure, you are likely looking for options to address the issue. You do not want to lose your home, but you can’t deny that you have missed some of your mortgage payments, leading to the start of the foreclosure process. In some ways, bankruptcy...
You have a lot of financial obligations, and your debt has simply gotten out of control. You are looking into ways to eliminate that debt, and you are considering Chapter 7 or Chapter 13 bankruptcy. However, at least a portion of your debt is in child support. Maybe...
Filing for bankruptcy is a serious financial decision. It can offer relief, but it also carries long-term consequences. Whether you're considering Chapter 13 or Chapter 7 bankruptcy, your pre-filing actions and inactions can impact your outcome. Understanding what...
Obtaining a vehicle loan is usually a straightforward process, as the vehicle serves as collateral. The lender does not have to worry about defaults because they can repossess the vehicle to recoup the money provided to purchase the vehicle. People driving financed...
As your unpaid bills accumulate, creditors may intensify collection efforts by calling daily, mailing notices or threatening legal action. Some collectors may even contact your workplace or relatives. This constant pressure can feel overwhelming and over time, affect...