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Jackson Mississippi Bankruptcy Law Blog

How does a Chapter 13 repayment plan work during bankruptcy?

On Behalf of developers | May 21, 2020 | Chapter 13 Bankruptcy

Most individuals considering bankruptcy will either file to Chapter 7 or Chapter 13 bankruptcy, although there are many other kinds of available as well. One of the features that set Chapter 13 bankruptcy apart from Chapter 7 is the requirement for filers to complete a repayment plan as part of Chapter 13 proceedings. Those who… Continue reading How does a Chapter 13 repayment plan work during bankruptcy?...
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Understand these points about medical bankruptcy

On Behalf of developers | May 18, 2020 | Bankruptcy

Medical bills are one of the many factors that can lead Americans to file for bankruptcy protection. The high cost of care coupled with the rise in normal living expenses is leading some individuals to wonder how they are going to make ends meet. This is especially true when they are unable to work as… Continue reading Understand these points about medical bankruptcy...
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Taking these steps may help save your home

On Behalf of developers | May 8, 2020 | Foreclosure

Nobody wants to be evicted. The thought of being forced from the home that your family has occupied for years is heartrending. If you’ve missed mortgage payments and it doesn’t look like you’ll be able to catch up, you probably worry that foreclosure is unavoidable — but that may not be the case. The following… Continue reading Taking these steps may help save your home...
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Are foreclosures ever beneficial to those in debt?

On Behalf of developers | May 3, 2020 | Foreclosure

If you are a glass-half-empty kind of person, then an imminent foreclosure feels like the end of the world. If you are more of a glass-half-full person, you might try to look at foreclosure in a more positive light. The truth is, any situation, even those with life-changing consequences, might have a silver lining if… Continue reading Are foreclosures ever beneficial to those in debt?...
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How does bankruptcy affect foreclosure?

On Behalf of developers | May 1, 2020 | Foreclosure

When you’re short on money, you have to prioritize the bills — and your mortgage payment may take a back seat to your grocery bill and utilities. Eventually, however, the bank may threaten foreclosure if you don’t catch up. Can bankruptcy help? Here are some of the things you should know about bankruptcy and foreclosure: You… Continue reading How does bankruptcy affect foreclosure?...
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Can the automatic stay help you?

On Behalf of developers | April 22, 2020 | Bankruptcy

When a consumer files for Chapter 7 or Chapter 13 bankruptcy, the court issues an automatic stay that prevents creditors from trying to collect on debts. This effectively puts a halt on written demands, as well as phone calls, emails and personal visits. Some filers appreciate this because it takes away one of the big… Continue reading Can the automatic stay help you?...
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Bankruptcy could help if you’ve lost your job

On Behalf of developers | April 10, 2020 | Chapter 7 Bankruptcy

You never expected to be in the position you’re in today. You’ve always worked hard, and you had put away enough savings to take care of yourself for three months if you lost your job. You never thought that you’d lose your job and be unable to find a new one within that time.  Unfortunately,… Continue reading Bankruptcy could help if you’ve lost your job...
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Try these options to get out of debt and back on track

On Behalf of developers | April 3, 2020 | Debt Relief

It’s important that people aren’t in a position where they have to struggle when they don’t have to be. As someone who has been struggling financially, you know what it’s like to worry about where you’re getting your next paycheck or how you’re going to pay your bills. It’s easy for other people to tell… Continue reading Try these options to get out of debt and back on track...
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What can Chapter 7 bankruptcy do for you?

On Behalf of developers | March 31, 2020 | Chapter 7 Bankruptcy

As you review your finances, you may soon come to the conclusion that you’re facing a long uphill battle. Even with the best intentions, you may find it nearly impossible to make efficient progress in a timely manner. Should you find yourself in this position, Chapter 7 bankruptcy is well worth your consideration. Even if… Continue reading What can Chapter 7 bankruptcy do for you?...
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Tips for using credit cards properly

On Behalf of developers | March 27, 2020 | Debt Relief

Credit card debt is one of the biggest reasons that people turn to bankruptcy. This gives rise to the myth that credit cards are always a bad idea and that you should avoid them at all costs. That’s not always true. One of the best ways to build your credit back up after bankruptcy, for… Continue reading Tips for using credit cards properly...
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