At McElroy & Associates, We Understand That Bad Things Can Happen To Good People
Get A Fresh Start Through Bankruptcy
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...
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...
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,...