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Jackson Mississippi Bankruptcy Law Blog

5 top reasons bankruptcy strikes

On Behalf of developers | January 3, 2018 | Bankruptcy

You never thought you’d go bankrupt. You always tried to be smart with money. You tried to avoid common pitfalls. You scoffed at people who made obvious mistakes. That’s why it feels so strange to find yourself sitting in your car in the driveway, thinking about whether or not you need to find out more… Continue reading 5 top reasons bankruptcy strikes...
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Understanding the Chapter 7 means test

On Behalf of developers | December 23, 2017 | Chapter 7 Bankruptcy

It is easy to think that you are unique in your struggles with debt. This may prompt you to shy away from seeking advice and assistance from others in Jackson due to the perceived stigma associated with financial troubles. Many clients have come to us here at the Pond Law Firm with the same assumption only to… Continue reading Understanding the Chapter 7 means test...
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Will I lose my home if I file Chapter 7 bankruptcy?

On Behalf of developers | December 21, 2017 | Chapter 7 Bankruptcy,Foreclosure

For many individuals who consider filing bankruptcy, there is a concern that they will lose their property – particularly their home. While other assets can be replenished over time, a house typically comes with emotional attachments that are irreplaceable and difficult to lose. While Chapter 13 bankruptcy can be a helpful option for individuals seeking to… Continue reading Will I lose my home if I file Chapter 7 bankruptcy?...
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What are the basics of Chapter 7 bankruptcy?

On Behalf of developers | December 15, 2017 | Chapter 7 Bankruptcy

When Mississippi residents like you are struggling with debt, you may be tempted to take any road you can to dig yourself out of it. Fortunately, the Pond Law Firm is here to offer a helping hand. For example, if you’re looking into Chapter 7 bankruptcy, we provide you with what you need to know to decide… Continue reading What are the basics of Chapter 7 bankruptcy?...
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The benefits and drawbacks of declaring Chapter 13 bankruptcy

On Behalf of developers | December 8, 2017 | Chapter 13 Bankruptcy

When residents of Mississippi struggle with debts and begin to consider declaring bankruptcy, they have two main options. The first is Chapter 7, colloquially known as liquidation bankruptcy. The second is Chapter 13, commonly called wage earner’s bankruptcy. Looking at Chapter 13 specifically, how will you know if it’s a good fit for you? The United States Courts… Continue reading The benefits and drawbacks of declaring Chapter 13 bankruptcy...
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Do you qualify to keep property in a Chapter 13 Bankruptcy?

On Behalf of developers | December 5, 2017 | Chapter 13 Bankruptcy

If you face serious personal debt and need help creating some breathing room to get control of your finances, a Chapter 13 bankruptcy may offer what you need. Chapter 13 operates unlike other forms of bankruptcy that require a people to liquidate most or all of their personal assets to pay off whatever debts they… Continue reading Do you qualify to keep property in a Chapter 13 Bankruptcy?...
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When does a hobby turn into a habit?

On Behalf of developers | November 30, 2017 | Bankruptcy,Uncategorized

With the holiday season quickly approaching, sales are around every corner. Whether it is a new television set for the family or simply a personal shopping treat, the temptations to buy a plethora of products are at their strongest. What, then, is the end result regarding one’s wallet? Although many Mississippi residents can coast through… Continue reading When does a hobby turn into a habit?...
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Chapter 13 bankruptcy and foreclosure

On Behalf of developers | November 24, 2017 | Chapter 13 Bankruptcy,Foreclosure

When you are facing financial difficulties in Mississippi, you may find that you also face the foreclosure of your home. Sometimes in this situation, you may want to consider declaring bankruptcy. We at the Pond Law Firm understand that you have many questions about Chapter 13 bankruptcy and how it can affect your foreclosure. Although you may… Continue reading Chapter 13 bankruptcy and foreclosure...
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How you can avoid building up debt over the holidays

On Behalf of developers | November 15, 2017 | Debt Relief

The holidays are coming up soon. You want to give your family a fun and joyous holiday season. But you also want to keep your family on solid financial footing. So, you might have some anxiety over the financial aspects of the holiday season. There are, after all, a lot of expenses that go along… Continue reading How you can avoid building up debt over the holidays...
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What is a home equity loan?

On Behalf of developers | November 15, 2017 | Bankruptcy,Uncategorized

For Mississippi residents like you who are struggling with debt, there are many different loans that you can look into. They all serve different purposes and have their own unique benefits and pitfalls. One of the many types of loans is called a home equity loan. According to The Balance, home equity loans are secured by… Continue reading What is a home equity loan?...
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