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Jackson Mississippi Bankruptcy Law Blog

Bankruptcy filing data shows ongoing needs

On Behalf of developers | February 25, 2018 | Bankruptcy,Uncategorized

Many people may believe that once a recession has been declared over and most economic indicators point to a positive economy, the need for personal bankruptcy no longer exists. This could not be further from the truth and plenty of Mississippi residents are all too aware of their continued need for debt relief. As explained… Continue reading Bankruptcy filing data shows ongoing needs...
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What is a bankruptcy trustee?

On Behalf of developers | February 18, 2018 | Chapter 13 Bankruptcy

If you are one of the many residents in Mississippi who has reached the point of realizing that your debt levels are higher than you can effectively manage on your own, you might be looking at filing for bankruptcy to help you out. A bankruptcy certainly has helped many people before you restore their financial… Continue reading What is a bankruptcy trustee?...
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Health care costs a major factor in bankruptcies

On Behalf of developers | February 14, 2018 | Bankruptcy,Medical Debt

Whether insured or uninsured, it is not uncommon for people in Mississippi to struggle to pay costs associated with health care. In fact, the Kaiser Family Foundation indicated that medical debt is the single biggest reason that consumers in the United States seek debt relief from bankruptcy. It is estimated that more than one in four… Continue reading Health care costs a major factor in bankruptcies...
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Buying a home after a bankruptcy

On Behalf of developers | February 10, 2018 | Chapter 13 Bankruptcy

Even though the great recession was several years ago now, many people in Mississippi continue to face the consequences of the financial problems they experienced during that event. Part of this is because the after-effects lasted for a while. A lot of consumers tried to make things work during the hardest part of the recession… Continue reading Buying a home after a bankruptcy...
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How do Chapter 7 and Chapter 13 impact various debts?

On Behalf of developers | February 5, 2018 | Chapter 13 Bankruptcy,Chapter 7 Bankruptcy

You’re trying to decide between Chapter 7 bankruptcy and Chapter 13. What are the differences and how do they impact your debts? The first thing you should know is that you may not be eligible for both. For instance, you can earn too much to qualify for Chapter 7. Assuming you do have a choice,… Continue reading How do Chapter 7 and Chapter 13 impact various debts?...
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What should you know about Chapter 7 Bankruptcy?

On Behalf of developers | February 1, 2018 | Bankruptcy

Choosing to file for bankruptcy in Mississippi is a big decision. Once you have made this choice and decided to file for Chapter 7, you may think there is little else you need to do. However, there is much more to this process and it is important for you to understand the fine details. Once… Continue reading What should you know about Chapter 7 Bankruptcy?...
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How can you dig yourself out of medical debt?

On Behalf of developers | January 26, 2018 | Medical Debt

Unfortunately for many residents in Mississippi, one medical emergency could easily send you spiraling into debt. While it might seem like an impossible pit to climb out of at first, there are actually several ways that you can start tackling your debt today. AOL offers four potential ways to handle medical debt, each serving a different possible… Continue reading How can you dig yourself out of medical debt?...
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How can you pay off medical debt?

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

Mississippi residents like you only need to suffer from one medical emergency to potentially find yourself in medical debt. Once you’re in that situation, getting out of it again can be tough, but it’s still possible. Credit Karma showcases a few of the many different ways to handle medical debt, citing some benefits and drawbacks for… Continue reading How can you pay off medical debt?...
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Is a zombie threatening your credit score?

On Behalf of developers | January 18, 2018 | Foreclosure

The recession is behind us, and so, it would seem, is the worst of the housing market fall. However, you and many other Mississippi residents may continue to feel the bite of unresolved financial issues, especially if you are facing a foreclosure or have walked away from your mortgage. Foreclosed homes that are owned by… Continue reading Is a zombie threatening your credit score?...
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Bankruptcy, mortgages and foreclosures in a divorce

On Behalf of developers | January 9, 2018 | Foreclosure

Among the many concerns spouses in Mississippi may have when getting divorced is how to best handle a home they own together. Perhaps one of the most common things to do in this situation is to sell the house during the divorce. However, not everyone wants to do this and therefore it is important to… Continue reading Bankruptcy, mortgages and foreclosures in a divorce...
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