At McElroy & Associates, We Understand That Bad Things Can Happen To Good People
Get A Fresh Start Through Bankruptcy
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...
Filing for bankruptcy is a major decision for some people. They realize that they can’t handle making payments on their debts while keeping up with their basic life necessities. One of the questions people who file for bankruptcy often ask pertains to rebuilding their...
For many people, Chapter 13 bankruptcy represents a lifeline – a chance to regain control of finances while keeping treasured assets. It allows you to repay debts over time (3 to 5 years) through a court-approved plan. This makes it an attractive choice for those...
People struggling with credit card debt may look for a variety of different solutions. Those with high balances on some of their accounts might receive offers for balance transfers. Some people even open new lines of credit because a company has an attractive balance...
Bankruptcy is often discussed in hushed tones or with a sense of dread -- because a lot of people see it as a sign of failure. It's not. Bankruptcy can happen to anybody -- even the wealthy and famous. The anxiety many people feel surrounding bankruptcy is really...
Being contacted by creditors is a stressful experience for most people, so trying to get them to stop is often a priority. The situation is even worse for someone who doesn’t have the ability to pay anything on those debts and recognizes that they likely can’t pay...