At McElroy & Associates, We Understand That Bad Things Can Happen To Good People
Get A Fresh Start Through Bankruptcy
Chapter 7 bankruptcy is what most people think of when they consider bankruptcy at all. It is a liquidation bankruptcy. Non-exempt assets are sold, and the money is collected. This money is used to pay down as much of the person’s debt as possible, and the rest of...
An individual who has decided to file for bankruptcy has likely spent some time considering their options already. They may face aggressive collection efforts. They may worry about vehicle repossession or foreclosure. A creditor may have served them with paperwork for...
There’s a saying that if it seems too good to be true, it probably is. That rubric certainly applies to the scammers proliferating online consumer debt relief. Many of these predatory companies promise debt relief and credit repair yet fail to assist financially...
Filing for bankruptcy can be a powerful way to restructure or discharge overwhelming debt. However, even small missteps during the process can raise red flags and jeopardize your case. In some situations, these mistakes may even result in serious allegations of fraud,...
It all starts slowly. A late credit card payment here, an unpaid medical bill there. Suddenly, your phone won’t stop ringing with calls from collectors. You’re juggling rent, car payments, groceries, and something always gets pushed aside. If this sounds familiar,...
Debt can feel like a heavy weight that never lets up. When you are behind on bills, and the phone will not stop ringing, it is easy to feel overwhelmed. For many, debt-relief companies seem like a way out. They promise fast results, lower payments and peace of mind....
Many people feel anxious about the prospect of filing for personal bankruptcy. They don't want to lose their revolving lines of credit or suffer the consequences of their credit score dropping significantly. However, the credit consequences of bankruptcy are...
If you are thinking about filing for bankruptcy, you may be facing a genuinely difficult decision. Thankfully, understanding your rights and protections can ease this uncertainty one way or another. One of the most common questions people have when considering...
Owing money that you can’t pay is serious. Once you have admitted to yourself that your debts are out of control and you are tired of creditors blowing up your phone and email inbox (not to mention the threatening letters from creditors), you have taken the first...
Bankruptcy is often seen as the end of the financial road, but it can actually mark the beginning of a more stable and manageable future. While it does affect your credit, bankruptcy also clears the path to start over. With discipline and a clear strategy, you can...