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Jackson Mississippi Bankruptcy Law Blog

Does electronic money lead to overspending?

On Behalf of developers | September 1, 2020 | Bankruptcy

Cash is not nearly as common as it once was. It used to be almost the only way to pay, with some people using checks, as well. Then credit cards came along and changed the game, allowing people to pay with a swipe. Now, in 2020, we have plenty of apps that allow you to… Continue reading Does electronic money lead to overspending?...
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Can you stop the repossession of a financed personal vehicle?

On Behalf of developers | August 20, 2020 | Bankruptcy

Pretty much any line of credit that you take out as an individual will fall into one of two categories. Unsecured credit, like credit cards, doesn’t have collateral objects that the lender can take back if you fall behind on payments. Secured lines of credit, on the other hand, have physical items attached to the… Continue reading Can you stop the repossession of a financed personal vehicle?...
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Struggling with credit card debt? Bankruptcy could be the solution

On Behalf of developers | August 4, 2020 | Chapter 7 Bankruptcy

According to Nerd Wallet’s 2019 American Household Credit Card Debt study, the average amount of credit card debt within an American household is around $6,591. This might not seem like much compared to the average $27,978 in auto loans or $46,954 in student loans owed in an average household, but the debt created by credit… Continue reading Struggling with credit card debt? Bankruptcy could be the solution...
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Solutions for those overwhelmed by substantial medical debt

On Behalf of developers | July 23, 2020 | Bankruptcy

Medical debt plagues many Jackson, Mississippi, residents just like you. It is overwhelming to face these debts and have no way to address them. This is particularly troubling for those who require ongoing care or treatment for an illness or injury. If you cannot pay your existing bills, how can you continue to receive the… Continue reading Solutions for those overwhelmed by substantial medical debt...
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Can you avoid a creditor wage garnishment with bankruptcy?

On Behalf of developers | July 11, 2020 | Bankruptcy

When your debt level reaches a point where you can’t pay off your creditors or even make the required minimum payments every month, you may have to start making difficult decisions. You may pay the bills you need to cover to remain in your home while letting others go past-due. Companies that don’t receive timely… Continue reading Can you avoid a creditor wage garnishment with bankruptcy?...
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Can you really just pay $5 a month on a medical bill forever?

On Behalf of developers | June 29, 2020 | Debt Relief

Mention a hefty medical bill you can’t afford to a group of people and it’s almost guaranteed that someone is going to roll out that old chestnut of advice and say, “Just pay $5 a month on it forever. They can’t do anything to you as long as you keep paying.” If that were true,… Continue reading Can you really just pay $5 a month on a medical bill forever?...
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Considering bankruptcy? You’re likely to have questions

On Behalf of developers | June 20, 2020 | Bankruptcy

Should your finances take a turn for the worse, there may come a point in the near future when you ponder the pros and cons of bankruptcy. Before you decide in favor of or against bankruptcy, it’s critical to answer a variety of questions as they pertain to your situation. Here are a few that… Continue reading Considering bankruptcy? You’re likely to have questions...
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Why older people are working longer

On Behalf of developers | June 19, 2020 | Bankruptcy

If you’re over 65 and you’re still waking up at dawn to go to work, there’s a good chance that it’s because you need the money. According to a survey by Provision Living, which is a company behind senior living communities, 60% of employees working during what used to be considered the retirement years aren’t there… Continue reading Why older people are working longer...
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Learn the truth about these 3 bankruptcy myths 

On Behalf of developers | June 10, 2020 | Bankruptcy

There are dozens of myths about bankruptcy that don’t have any basis today. Sometimes, myths were created out of a misunderstanding of the purpose of bankruptcy. Sometimes, it’s a result of changes in laws over time that bankruptcy is misunderstood.  It’s important that you know what bankruptcy is and isn’t, so you can make wise… Continue reading Learn the truth about these 3 bankruptcy myths ...
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Report shows that foreclosures may not happen as often as feared

On Behalf of developers | May 29, 2020 | Foreclosure

With the economy languishing for the past few months, many feared that an absolute wave of foreclosures was coming. This happened the last time that there was a recession, after all, and it felt like the same thing could just repeat itself a bit over 10 years later.  After all, many people have lost their… Continue reading Report shows that foreclosures may not happen as often as feared...
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