On Behalf of developers | November 16, 2021 | Chapter 7 Bankruptcy
A key part of filing for Chapter 7 bankruptcy in Mississippi is passing the means test. The means test is a two-part test to determine whether you qualify for bankruptcy relief. In other words, can you afford to repay your debts with the amount of disposable income you have? The means test has two parts, but the… Continue reading The Chapter 7 bankruptcy means test...
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On Behalf of developers | November 6, 2021 | Bankruptcy
If you’re considering bankruptcy and starting to do some research on the subject, you likely have seen the terms “dismissal” and “discharge.” They might sound like the same thing, but they’re anything but that. If you file Chapter 7 bankruptcy, you want to discharge as many of your debts as possible. When a debt is discharged,… Continue reading Don’t confuse “dismissal” and “discharge” in bankruptcy...
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On Behalf of developers | October 22, 2021 | Bankruptcy
Have you been considering the pros and cons of filing for bankruptcy and been concerned that one of the major cons might be its effect on your ability to get a job – or even a new position with your current employer – in the future? You may know that a Chapter 7 bankruptcy will remain on… Continue reading Does bankruptcy hurt your ability to get a job?...
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On Behalf of developers | October 12, 2021 | Bankruptcy
Cars are expensive to run. If you are struggling to pay your debts, keeping your vehicle fuelled and keeping up with its payments may be challenging. Yet, as well as being something that consumes your money, your car may help you earn it. You might use your vehicle to get to work. Or, if you… Continue reading How can filing for bankruptcy help you keep your car?...
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On Behalf of developers | October 6, 2021 | Bankruptcy
People in Mississippi often struggle with significant debt, often including student loans. Student loan debt has even become a major issue for many people, especially when their income makes it difficult to impossible to pay them back. The burden of student loans may be particularly overwhelming when combined with other types of financial obligations, such… Continue reading Can student loans be discharged in bankruptcy?...
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On Behalf of developers | September 24, 2021 | Chapter 13 Bankruptcy
Chapter 13 bankruptcy is a legal action that involves submitting a plan of repayment with the assistance of a lawyer. If the plan receives court approval and regular payments are made throughout the three to five years, any debts that are leftover are often discharged. When bankruptcy is used properly, it can be a highly… Continue reading How to prepare a Chapter 13 payment plan...
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On Behalf of developers | September 18, 2021 | Bankruptcy
Creditors keep hounding you. It is not that they need to remind you about your financial dire straits. You already know that and plan to address it. Now, as you consider your options such as filing for bankruptcy, you also must deal with these nearly non-stop communiques – phone calls, letters, emails and even texts… Continue reading Federal law protects you from creditor harassment...
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On Behalf of developers | September 4, 2021 | Blog
If you’ve filed for bankruptcy, your wage garnishments will stop,, at least temporarily. If you’re a Mississippi resident, here are some essential things you should know about repossession and wage garnishments and how bankruptcy can stop these processes so you can protect your paycheck. Wage garnishments Repossession and wage garnishments refer to a court order informing… Continue reading Stopping wage garnishments...
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On Behalf of developers | August 27, 2021 | Bankruptcy,Uncategorized
Chapter 7 bankruptcy in Jackson, Mississippi, discharges unsecured debt through liquidation, which requires you to sell assets. With Chapter 13, you pay the debts gradually through a restructuring plan. However, you may notice your credit score will drop for several years, but there are ways to rebuild it. How bankruptcy impacts credit scores While Chapter 7… Continue reading Rebuilding your credit after bankruptcy...
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On Behalf of developers | August 17, 2021 | Bankruptcy
Many different circumstances can cause someone to experience overwhelming debt. Excess credit card or personal loan payments become insurmountable after a loss of employment or a change in family status. Whether the debt came from uncontrolled gambling or an unexpected divorce, residents of Jackson, Mississippi, may choose bankruptcy as the ultimate debt relief option. Although… Continue reading Decoding the mysteries of bankruptcy...
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