On Behalf of developers | June 30, 2021 | Bankruptcy
While bankruptcy provides debtors in Jackson, Mississippi, with a fresh start, it usually remains on credit reports for several years. Lenders commonly hesitate to approve debtors whose bankruptcy recently got discharged. It doesn’t make getting a mortgage impossible, but it is tricky. Mortgages in bankruptcy The way mortgages are handled in bankruptcy depends on the… Continue reading Getting a mortgage after bankruptcy...
read more
On Behalf of developers | June 24, 2021 | Blog
If you fail to pay alimony, child support, or student loans, your wages are often garnished. However, before the wage garnishment, there are legal limits of the garnishment amount. Additionally, different types of debts have different amounts of wage garnishment. In Mississippi, the creditor needs to file a lawsuit. Default judgment If you fail to… Continue reading Maximum limits for wage garnishment...
read more
On Behalf of developers | June 19, 2021 | Bankruptcy
It’s usually difficult to get approved for credit after bankruptcy in Mississippi, and this applies to an auto loan as well. Most lenders check your credit reports before approving you for any loan. Unfortunately, bankruptcy stays in credit history for up to ten years. Although bankruptcy can offer you a fresh financial start, the record… Continue reading Can you get an auto loan after bankruptcy?...
read more
On Behalf of developers | June 17, 2021 | Bankruptcy
A significant portion of the American population lives on the edge of financial peril. Between living paycheck to paycheck and having no savings set aside for unexpected emergencies, many families are one dramatic life event from facing overwhelming debt. Too often, however, people do not recognize the signs and continue to fight even as they… Continue reading 5 signs it’s time to consider bankruptcy...
read more
On Behalf of developers | June 7, 2021 | Bankruptcy,Chapter 13 Bankruptcy,Chapter 7 Bankruptcy
When Mississippi residents file Chapter 7 or Chapter 13 bankruptcy petitions, the judge assigned to the case issues a Notice of Filing. This causes an injunction known as an automatic stay to go into effect, which prevents creditors from attempting to collect unpaid debts for the duration of the bankruptcy proceedings. It also puts a… Continue reading The automatic stay in personal bankruptcy cases...
read more
On Behalf of developers | May 25, 2021 | Bankruptcy,Blog
In the state of Mississippi, your lender can repossess your vehicle if you don’t stay on top of your loan payments. This means that they can take the car from your property at any time as long as they don’t threaten you or disturb your neighbors. Repossession isn’t just bad for your livelihood; it also… Continue reading Does repossession damage your credit?...
read more
On Behalf of developers | May 12, 2021 | Bankruptcy,Blog
Financial troubles could become an immense burden on many Mississippi residents. When their debt reaches significant levels, seeking protection from the bankruptcy court may be a viable option. A bankruptcy filing might not mean that all obligations go away as restructuring could involve paying back a portion of the debt owed to creditors. That said,… Continue reading Does bankruptcy address wage garnishments?...
read more
On Behalf of developers | April 29, 2021 | Blog,Chapter 13 Bankruptcy
Many adults throughout the nation struggle to keep up with their debts. If you’re living with debt in Mississippi, you can utilize several strategies to resolve this problem. One of the most common ways to become debt-free is by declaring bankruptcy. With that in mind, here’s more information about Chapter 13 bankruptcy and what happens… Continue reading Am I allowed to leave chapter 13 bankruptcy protection?...
read more
On Behalf of developers | April 20, 2021 | Bankruptcy
Your long and, sometimes, difficult path to financial recovery is coming to an end, but, actually, it represents a new beginning. Emerging from bankruptcy is an accomplishment by itself. Now, what do you do? Bankruptcy allowed you to get rid of your debts and provide you with a chance at a fresh financial start. Now,… Continue reading Crucial steps to take upon emerging from bankruptcy...
read more
On Behalf of developers | April 15, 2021 | Chapter 7 Bankruptcy
Mississippi consumers who are overwhelmed by their financial obligations might have an out through Chapter 7 bankruptcy. This requires debtors to sell off their non-exempt property through a trustee. The trustee values the assets and uses the funds from sales to pay creditors. However, the debtor does not have to relinquish all assets to the… Continue reading What are exemptions in Chapter 7 bankruptcy?...
read more