On Behalf of developers | February 28, 2020 | Bankruptcy
With either Chapter 13 bankruptcy or Chapter 7, you want to create a budget for your post-bankruptcy life. It’s crucial with Chapter 13 since you have a repayment plan based on what you can afford. Even with Chapter 7, though, which gives you a fresh start and liquidates assets, you still want to create a… Continue reading Post-bankruptcy budgeting tips...
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On Behalf of developers | February 27, 2020 | Bankruptcy
A Chapter 7 bankruptcy filing enables you to have your debts wiped out without you having to make payments to the bankruptcy trustee to help pay them off. There are specific requirements for filing a Chapter 7, so it is imperative that anyone considering this option takes the time to ensure they have everything in order… Continue reading Know these Chapter 7 bankruptcy requirements...
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On Behalf of developers | February 27, 2020 | Bankruptcy
Divorce can be very damaging for your personal finances. First of all, you will have to split what you own with your former spouse. In some cases, you may also have to pay spousal support, also known as alimony, or child support. Beyond that, you could incur thousands of dollars and expenses through both court… Continue reading How bankruptcy can help people bounce back after divorce...
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On Behalf of developers | December 26, 2019 | Debt Relief
Even with a strong economy, many people in Mississippi continue to experience serious financial pressures. As the holiday shopping season has now passed, now may be the time you decide to sit and take stock of your debt inventory. If you believe that filing for bankruptcy may be the best way for you to get… Continue reading Are all debts the same?...
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On Behalf of developers | November 18, 2019 | Medical Debt
New research shows more than one out of every three Americans face financial hardship due to medical bills. More than 137 million people struggle to pay medical expenses, and TD Ameritrade says it’s the No. 1 reason why people, regardless of age, consider cashing in retirement savings. The investment firm says even when some people… Continue reading Millions of Americans are saddled with medical debt...
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On Behalf of developers | November 30, 2018 | Chapter 13 Bankruptcy
To you, bankruptcy may seem like a fairly “cut-and-dry” process: you file, disclose your debts, and then have them discharged. You likely thought that at no point would you be told that you had to go through credit counseling. Many in Jackson have come to us here at the Pond Law Firm with the same question that… Continue reading Reviewing the bankruptcy credit counseling requirement...
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On Behalf of developers | November 29, 2018 | Bankruptcy,Debt Relief
Most bankruptcy filers want to receive immediate financial relief. They want their debts to disappear now, and understandably so. They’ve probably been suffering under a mountain of money stress for years — even decades. Which provides faster relief: Chapter 7 or Chapter 13? On the surface, Chapter 7 bankruptcy sounds like the best “quick fix”… Continue reading What’s the fastest way to receive bankruptcy relief?...
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On Behalf of developers | November 25, 2018 | Foreclosure
Homeowners in Mississippi who are struggling to stay current with their mortgage payments can understandably be concerned about the potential prospect of losing their homes if they cannot find a solution to their financial challenges. One option that has helped some people over the years is a home loan modification. This involves working with the bank… Continue reading Calculation error led to numerous foreclosures...
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On Behalf of developers | November 14, 2018 | Chapter 7 Bankruptcy
As a resident of Michigan or Illinois who finds yourself facing an increasingly overwhelming amount of debt, you may be weighing your options and trying to determine the best and most effective way of rebuilding your financial affairs. At Pond Law Firm, we understand that, for some people, filing for bankruptcy can streamline the process of… Continue reading Understanding the bankruptcy means test...
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On Behalf of developers | November 6, 2018 | Medical Debt
The healthcare costs in this country are a constant topic of conversation. They seem to be rising at alarming rates with no end in sight. For this reason, many people in Mississippi are stuck with large amounts of medical debt. However, what group seems to be most affected may be surprising to you. According to… Continue reading Who is most burdened by medical debt?...
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