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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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?...
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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...
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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...
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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?...
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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?...
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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...
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On Behalf of developers | March 8, 2021 | Bankruptcy,Blog,Chapter 7 Bankruptcy
Bankruptcy in Jackson, Mississippi, can eliminate most debts but not all of them. It only erases exempt, nonsecured debts, such as medical bills and credit card bills. One myth that still circulates is that student debt cannot be removed in bankruptcy. New proposed legislation will make eliminating student loan debt easier, but until then, there… Continue reading How bankruptcy handles student loans...
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On Behalf of developers | February 17, 2021 | Bankruptcy
The COVID-19 pandemic has provided you with an unexpected opportunity. While abiding by social-distancing guidelines, you are still able to maintain your excessive spending habit by doing so online. And at all hours of the day. Point, click, submit credit card information and buy. Package after package arrive at your home. These are things you… Continue reading Overspending during pandemic may lead one to look inwardly...
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On Behalf of developers | February 8, 2021 | Bankruptcy,Blog
When unexpected circumstances come up, many people in Mississippi face a great deal of anxiety over not having enough money to cover their bills. If you find yourself in this unfortunate situation, the worst thing you can do is to avoid the problem. Financial trouble can be difficult to navigate, but below are a few… Continue reading What steps should you take if you can’t pay your bills?...
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