On Behalf of developers | July 19, 2022 | Chapter 7 Bankruptcy
Filing bankruptcy can have a big ripple effect on your personal and professional life for quite a while. You will most likely have a lot of questions about what you are and are not permitted to do. Some of those questions may understandably pertain to your credit cards. Are you allowed to use them while… Continue reading If you file bankruptcy, what about your company credit cards?...
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On Behalf of developers | July 19, 2022 | Bankruptcy
There are a number of different strategies available for Mississippi consumers who are dealing with credit card debt, and the right one for you will vary based on factors that include the size of your debt and your income. It may be possible to pay off the debt, but sometimes, bankruptcy is the best option.… Continue reading Tips for paying off credit card debt...
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On Behalf of developers | July 6, 2022 | Bankruptcy
Generally, people do not willfully walk themselves into financial difficulties. In fact, the average person does everything in their power to live within their means. Unfortunately, if you are overwhelmed by debt, one of the remedies you can consider is declaring bankruptcy. Done right, bankruptcy can give offer you a fresh financial start. However, there… Continue reading 3 mistakes you need to avoid while filing for bankruptcy...
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On Behalf of developers | June 21, 2022 | Bankruptcy,Uncategorized
If you have fallen behind with debt payments, the creditor may ask a court to garnish your wages. If the court agrees, it will tell your employer to pay part of your wages directly to the creditor to settle your debt. If your creditor is threatening to garnish your paycheck, it helps to understand what… Continue reading How do Mississippi wage garnishment laws work?...
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On Behalf of developers | June 7, 2022 | Bankruptcy
A person who files for bankruptcy protection may be worried that they will lose all the assets that they have, but this isn’t the case. There are specific laws that cover what assets are protected from the bankruptcy process. Mississippi has opted out of the federal bankruptcy exemption list. Instead, the state has its own… Continue reading Property exemptions in Mississippi bankruptcies...
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On Behalf of developers | May 26, 2022 | Bankruptcy
There are numerous stereotypes out in circulation about debt and bankruptcy. It is a common misconception that financial hardship only falls on those who are careless with their money. This is far from the truth though. Many Americans are currently struggling with the cost of living. The following factors offer an insight into how being in… Continue reading You may not be in control of your debts...
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On Behalf of developers | May 20, 2022 | Bankruptcy
Bankruptcy is a proceeding that provides debt relief. Two common types of bankruptcy are Chapter 7, a liquidation, and Chapter 13, a repayment plan. Many people in Mississippi choose Chapter 7, but they must pass a means test. Overview of the bankruptcy means test Congress added the bankruptcy means test in 2005 because too many high-income… Continue reading How the Chapter 7 bankruptcy means test works...
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On Behalf of developers | May 4, 2022 | Bankruptcy
You’ve had a lot of financial ups and downs over the years, and your parents have been there to support you along the way. When you were struggling financially because of changes in your employment over the last couple of years, they lent you some money. Unfortunately, you couldn’t pull things together in time to… Continue reading Can you repay your parents’ loan before you file for bankruptcy?...
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On Behalf of developers | May 4, 2022 | Bankruptcy
As you start the bankruptcy process, you’ll hear and read about the “discharge.” That’s the bankruptcy court’s order that releases you from any liability for your debts that have been ruled to be dischargeable. The discharge typically occurs in a Chapter 7 bankruptcy once a person has turned over their dischargeable or “non-exempt” assets. Those assets are then… Continue reading Why could a court refuse to discharge your bankruptcy?...
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On Behalf of developers | April 27, 2022 | Chapter 7 Bankruptcy
It’s not impossible to get your student loans discharged in bankruptcy, but it’s not exactly easy, either. Most people who file bankruptcy will still have those debts when they’re done. If your student loans are a major source of your financial distress and are unlikely to be discharged, is there any point in filing bankruptcy? Quite often,… Continue reading Why bother with bankruptcy when it won’t clear your student loans?...
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