On Behalf of developers | February 18, 2022 | Chapter 7 Bankruptcy
Debt is still viewed as a taboo subject at times. Anyone in financial hardship can be misconstrued as being reckless with their money. The truth is that many American households are struggling financially through no fault of their own. Debt can leave you wondering where your next meal is coming from or how you will… Continue reading Debt affects more than your finances...
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On Behalf of developers | February 3, 2022 | Bankruptcy
There is a common misconception that bankruptcy is always brought on by carelessness with money. However, this is far from the truth. Many American citizens and businesses are currently struggling financially, for reasons outside of their control. Although the decision to file for bankruptcy is not one that should be taken lightly, the outcomes are not… Continue reading Take a breath and start again: Bankruptcy can give new life...
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On Behalf of developers | January 19, 2022 | Bankruptcy
A weak economic picture has resulted in your working hours being slashed in half. Now, instead of earning enough money to pay your bills every month, you are struggling. You have cut back on all unnecessary spending. This includes cutting out cable and other expenses — but you are still unable to pay your mortgage,… Continue reading Using bankruptcy to prevent a foreclosure...
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On Behalf of developers | January 18, 2022 | Bankruptcy,Blog
When consumers in Mississippi and around the country file for bankruptcy, an automatic stay is issued that requires lenders, debt collectors and government agencies to cease all of their collection efforts. In addition to preventing property from being repossessed and homes being foreclosed upon, the automatic stay halts debt-related lawsuits and wage garnishments. It also… Continue reading Bankruptcy and the automatic stay...
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On Behalf of developers | January 6, 2022 | Bankruptcy
If you or a loved one suffers a serious injury, perhaps in a car crash, or another medical emergency, like a heart attack, you just want immediate care. You typically don’t stop to think about whether you can afford it. You also may have no choice about where you go for treatment. An ambulance or… Continue reading How will the No Surprises Act affect medical debt?...
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On Behalf of developers | December 21, 2021 | Debt Relief
If you have fallen so far behind on your payments that creditors want to take you to court, you may not have enough income to cover all of your bills every month. Just trying to make the monthly minimum payments on all of your accounts may become prohibitively difficult. Unfortunately, the companies that want you… Continue reading Wage garnishment will likely only worsen your debt issues...
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On Behalf of developers | December 6, 2021 | Bankruptcy
It has been widely estimated that consumers have been shouldering around $81 billion in medical debt that they can’t afford to pay. The reality is much, much worse. Stanford study indicates that medical debt is a much bigger problem than thought That $81 billion figure has been frequently cited, but a study by a Stanford… Continue reading It’s official: Americans are drowning in medical bills...
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On Behalf of developers | November 20, 2021 | Bankruptcy
One of the most common myths about bankruptcy is that it means you’re irresponsible. People assume that you have to file because you made critical financial mistakes that you should have avoided, but you were too reckless with your spending. This does happen on occasion, but it’s a myth that this is why most people… Continue reading Bankruptcy does not mean you’re irresponsible...
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On Behalf of developers | November 16, 2021 | Chapter 7 Bankruptcy
A key part of filing for Chapter 7 bankruptcy in Mississippi is passing the means test. The means test is a two-part test to determine whether you qualify for bankruptcy relief. In other words, can you afford to repay your debts with the amount of disposable income you have? The means test has two parts, but the… Continue reading The Chapter 7 bankruptcy means test...
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On Behalf of developers | November 6, 2021 | Bankruptcy
If you’re considering bankruptcy and starting to do some research on the subject, you likely have seen the terms “dismissal” and “discharge.” They might sound like the same thing, but they’re anything but that. If you file Chapter 7 bankruptcy, you want to discharge as many of your debts as possible. When a debt is discharged,… Continue reading Don’t confuse “dismissal” and “discharge” in bankruptcy...
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