Jimmy E. McElroy & Associates
Dedicated to Helping People in Financial Distress
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what bankruptcy can do Archives

Bankruptcy can be good for your health

You might find it strange to say that bankruptcy can be good for your health. If bankruptcy places such a stigma on the person filing for it, why would it be good for your health? The answer is because many Tennessee residents who fear going bankrupt will do anything to make payments on their debt, including diverting money from buying food and medicine. However, doing so may only delay your inevitable need to file bankruptcy and also damage your health in the process.

Famous financial troubles past and present

There are plenty of stories of people who filed for bankruptcy, only to bounce back later to greater success. For many, the process is an opportunity to gain insight into debt management strategies and plan for the future. In fact, some famous Tennessee figures are currently facing financial challenges.

How can I stop a utility company from turning the lights off?

One option you might have to stop electricity, gas and water companies from discontinuing your service is to file for bankruptcy. This could give you a type of protection that is similar in concept to the automatic stay: the part of bankruptcy that could have the power to stop creditors from harassing you.

Differences between personal and business bankruptcy

The recent decision involving national toy retailer Toys 'R' Us which led to a widespread store closure has generated some interest in the media about the bankruptcy process. As an individual facing bankruptcy in Tennessee, this could lead to confusion and even misinformation. 

Dispelling common bankruptcy myths

If you, like many residents of Tennessee, are finding it increasingly difficult to stay on top of your finances, you may be seeking solutions that could potentially help you get your life back on track. Bankruptcy, for example, is one method many people consider when they seek a fresh financial start, but there is a lot of misinformation out there about it that can prevent some people from taking the first step. At McElroy & Associates, we recognize that there is a lot of common misconceptions out there about the bankruptcy process, and we have helped many clients separate fact from fiction and find solutions that meet their needs.

Does bankruptcy really stop bill collectors?

If you are not familiar with bankruptcy, there are probably many small frustrations associated with the process that you do not know about. For example, you may not realize the extent to which Tennessee courts deliberate on their decisions, slowing down the relief of debts. 

How personal bankruptcy allows you to keep the lights on

One of the consequences of not being able to pay your Tennessee energy bills is that one day you may come home, flick on a light switch, and find your lights no longer work. Not only that, but your television and computers will not come on, your air conditioner will not cool your home and your refrigerator no longer cools your food. As it has turned out, your utility company has decided to switch off your power, leaving you in the dark and adding misery to your financial problems.

*We are a debt relief agency.
We help people file for bankruptcy relief under the Bankruptcy Code.