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Jackson Mississippi Bankruptcy Law Blog

Mississippi has fourth highest bankruptcy filing

On Behalf of developers | September 16, 2018 | Chapter 7 Bankruptcy

People in Mississippi who are struggling to pay their bills and still provide for their families are not alone. New data shows that the state has the fourth highest rate of bankruptcy filings nationwide. In addition, the number of individuals and businesses that have filed for bankruptcy is on the rise. As reported by AutoRemarketing, Mississippi saw… Continue reading Mississippi has fourth highest bankruptcy filing...
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Older millennials saddled with high credit card debt

On Behalf of developers | September 3, 2018 | Chapter 7 Bankruptcy

Residents in Mississippi who are struggling to make ends meet every month and end up seeing their debt increase instead of decrease may start to consider bankruptcy as an option. Certainly, this can help and deciding which type of bankruptcy to file for will depend in large part on the type of debt a person… Continue reading Older millennials saddled with high credit card debt...
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Bankruptcy: The right choice when you lose financial footing?

On Behalf of developers | August 30, 2018 | Bankruptcy,Debt Relief

Bankruptcy is something you may not want to have to use in your life, but there are many times when it’s necessary. For someone who suddenly lost a job and hasn’t been able to find work, suffered a life-altering disability or has other financial problems as a result of their lifestyle, a bankruptcy could be… Continue reading Bankruptcy: The right choice when you lose financial footing?...
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Careful review of medical bills urged

On Behalf of developers | August 19, 2018 | Medical Debt

The cost of health care in America is a concern for everyone. Even residents in Mississippi who have what would be considered good health care insurance coverage are likely to end up with some out-of-pocket medical costs each year. For many, these expenses that are not covered by insurance can put an enormous strain on… Continue reading Careful review of medical bills urged...
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Medical costs related to spike in senior bankruptcy

On Behalf of developers | August 18, 2018 | Medical Debt

People in Mississippi who find themselves saddled with high medical debt are far from alone it seems according to the results of a study published recently. As reported by Business Insider, the study was conducted by the Consumer Bankruptcy Project and found serious concerns about the financial status of baby boomers and noted that the rising cost… Continue reading Medical costs related to spike in senior bankruptcy...
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Home ownership after a foreclosure

On Behalf of developers | August 4, 2018 | Foreclosure

For many decades now, owning a home has been a primary part of the American dream and a sign of some semblance of success in life. It stands to reason then that people in Mississippi who lost their homes via foreclosures likely experienced significant disappointments in addition to their financial stresses and challenges. However, they… Continue reading Home ownership after a foreclosure...
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How to rebound financially after a bankruptcy

On Behalf of developers | July 26, 2018 | Chapter 7 Bankruptcy

Many people in Mississippi who struggle with high levels of debt might have thought about filing for bankruptcy but then not done anything about it because of fears that it might ruin them financially forever. This is far from the truth. In reality, bankruptcy is designed to not only help consumers get our from under… Continue reading How to rebound financially after a bankruptcy...
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Can foreclosure ever be your best option?

On Behalf of developers | July 20, 2018 | Foreclosure

Despite your best efforts, there may times when circumstances (both within and outside of your control) leave you facing foreclosure on your home in Jackson. If and when this happens, do not fret; you certainly are not alone. Data shared by the Federal Deposit Insurance Corporation shows that one out of every 200 homes in the U.S.… Continue reading Can foreclosure ever be your best option?...
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The excessive cost of health care in the U.S.

On Behalf of developers | July 4, 2018 | Medical Debt

If you are one of the lucky people in Mississippi who has health insurance, you know that even this protection does not guarantee that you will be able to afford the care you need if and when you should need it. The cost of health care in the United States is an all-too real concern… Continue reading The excessive cost of health care in the U.S....
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How often do medical bills lead to bankruptcy?

On Behalf of developers | July 3, 2018 | Medical Debt

You plan relentlessly for your financial future. You want security. You carefully consider your budget and only take on debt you know you can afford. You use your credit cards responsibly, paying them off at the end of each month. Could you still find yourself facing bankruptcy? Maybe you worry that a sudden illness or… Continue reading How often do medical bills lead to bankruptcy?...
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