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 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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On Behalf of developers | October 22, 2021 | Bankruptcy
Have you been considering the pros and cons of filing for bankruptcy and been concerned that one of the major cons might be its effect on your ability to get a job – or even a new position with your current employer – in the future? You may know that a Chapter 7 bankruptcy will remain on… Continue reading Does bankruptcy hurt your ability to get a job?...
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On Behalf of developers | October 12, 2021 | Bankruptcy
Cars are expensive to run. If you are struggling to pay your debts, keeping your vehicle fuelled and keeping up with its payments may be challenging. Yet, as well as being something that consumes your money, your car may help you earn it. You might use your vehicle to get to work. Or, if you… Continue reading How can filing for bankruptcy help you keep your car?...
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On Behalf of developers | October 6, 2021 | Bankruptcy
People in Mississippi often struggle with significant debt, often including student loans. Student loan debt has even become a major issue for many people, especially when their income makes it difficult to impossible to pay them back. The burden of student loans may be particularly overwhelming when combined with other types of financial obligations, such… Continue reading Can student loans be discharged in bankruptcy?...
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On Behalf of developers | September 18, 2021 | Bankruptcy
Creditors keep hounding you. It is not that they need to remind you about your financial dire straits. You already know that and plan to address it. Now, as you consider your options such as filing for bankruptcy, you also must deal with these nearly non-stop communiques – phone calls, letters, emails and even texts… Continue reading Federal law protects you from creditor harassment...
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On Behalf of developers | August 27, 2021 | Bankruptcy,Uncategorized
Chapter 7 bankruptcy in Jackson, Mississippi, discharges unsecured debt through liquidation, which requires you to sell assets. With Chapter 13, you pay the debts gradually through a restructuring plan. However, you may notice your credit score will drop for several years, but there are ways to rebuild it. How bankruptcy impacts credit scores While Chapter 7… Continue reading Rebuilding your credit after bankruptcy...
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On Behalf of developers | August 17, 2021 | Bankruptcy
Many different circumstances can cause someone to experience overwhelming debt. Excess credit card or personal loan payments become insurmountable after a loss of employment or a change in family status. Whether the debt came from uncontrolled gambling or an unexpected divorce, residents of Jackson, Mississippi, may choose bankruptcy as the ultimate debt relief option. Although… Continue reading Decoding the mysteries of bankruptcy...
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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...
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