On Behalf of developers | December 15, 2020 | Chapter 13 Bankruptcy
If you’re struggling with debt in the state of Mississippi, you might have thought about filing for bankruptcy. Filing for Chapter 13 bankruptcy can help you pay off your debts and get your finances under control. However, Chapter 13 is only available for people who meet certain financial qualifications. Here’s what you need to know… Continue reading How much income do you need to file for bankruptcy?...
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On Behalf of developers | November 11, 2020 | Chapter 13 Bankruptcy
Debtors in Mississippi may consider bankruptcy when they can no longer handle their debts. Debtors commonly file Chapter 7, a type of bankruptcy that liquidates assets to pay creditors. Certain debts get discharged, and the individuals start fresh. Not all debtors qualify for Chapter 7, so Chapter 13 bankruptcy gives them another option. Basics of… Continue reading How Chapter 13 bankruptcy works...
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On Behalf of developers | October 30, 2020 | Bankruptcy
Bankruptcy helps debtors in Mississippi get relief from certain debts so they can start fresh financially. However, not all bankruptcy types work the same. The type of bankruptcy you use will depend on several factors. Chapter 7 Chapter 7 bankruptcy converts non-exempt assets into liquid to pay creditors. Non-exempt assets commonly include second vehicles, family heirlooms, valuable… Continue reading The differences between Chapter 11 and Chapter 7 bankruptcy...
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On Behalf of developers | October 29, 2020 | Medical Debt
Even with health insurance, medical debt can still get expensive. The Kaiser Family Foundation reported that one in five working Americans claimed they had trouble paying medical bills in 2016. Fortunately, consumers in Mississippi have ways to get medical debt relief. Negotiating debt and in-house financing Doctors and health care facilities would rather debt be… Continue reading Ways to get medical debt relief...
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On Behalf of developers | October 23, 2020 | Chapter 7 Bankruptcy
Your financial situation is dire and rapidly getting worse, so you’ve made the decision to file for bankruptcy. You’re waiting a little to either save up the filing fees or to get through the holiday season — and that’s fine. Just watch what purchases you’re making on credit during this time. Otherwise, you may find… Continue reading Could you be stuck with some debts after your bankruptcy?...
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On Behalf of developers | October 21, 2020 | Bankruptcy
Americans are no strangers to debt – our economy runs on it. Tens of millions of individuals and families in the U.S. have debt, but the amount of debt and the ability to pay it off varies widely. That being said, the annual rate of bankruptcies is inconsistent with the rate of unmanageable debt. According… Continue reading Should more people be considering bankruptcy?...
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On Behalf of developers | October 9, 2020 | Bankruptcy
When you’re 18, student loans sound fine. You don’t have to pay them back anytime soon — or, at least, that’s how it feels — and you may not even realize how much debt you’re taking on. Plus, you’re sure that your degree is going to get you an excellent job anyway, so paying off… Continue reading Can bankruptcy discharge student loans?...
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On Behalf of developers | September 30, 2020 | Bankruptcy
When an emergency happens and you need a couple hundred bucks, there aren’t a lot of places to turn. Most people don’t have that kind of money to loan a friend, and you can’t usually get a bank to help you with that little of an amount. Your situation may be even worse if your… Continue reading Can you escape the payday loan trap?...
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On Behalf of developers | September 18, 2020 | Bankruptcy
One of the reasons that people delay bankruptcy filings is the fear of how it will impact their credit. There is a pervasive myth that those who file bankruptcy will never have good credit again or will struggle to qualify for financing after they file. While it is certainly true that bankruptcy impacts both your… Continue reading How much will bankruptcy change your credit score?...
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On Behalf of developers | September 15, 2020 | Bankruptcy
Think back to when you first bought something on credit or took out your first loan. You probably thought debt was a temporary measure, and that as you grew older, you would pay off your debts and save for your retirement. You would never have believed you would be considering bankruptcy when you were close… Continue reading Bankruptcy is on the rise amongst the over 55s...
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