As debt mounts, you know there is no way you are going to pay it all off on your own. It's just too much. You do have a job, and you are thankful for that, but it is not as if you're making $100,000 per year. You and your family are living paycheck to paycheck.
If you are like most people, you probably think that bankruptcy is something that should be avoided at all costs. But, if you have recently found yourself behind on car payments or maybe the mortgage on your home in Jackson, and you are running out of options to get your debt under control, bankruptcy could be the right choice. When credit counseling is not enough to get your finances back on track, bankruptcy could be your chance to get out of debt.
If you face serious personal debt and need help creating some breathing room to get control of your finances, a Chapter 13 bankruptcy may offer what you need. Chapter 13 operates unlike other forms of bankruptcy that require a people to liquidate most or all of their personal assets to pay off whatever debts they can. Instead, Chapter 13 allows those who qualify to create a plan to pay off their debt over time, using existing income.
The holidays are coming up soon. You want to give your family a fun and joyous holiday season. But you also want to keep your family on solid financial footing.
Many Jackson residents and people throughout Mississippi face medical bills that they simply cannot afford. Even with insurance, medical procedures and ER visits can lead to major debt. Fortunately there are creative options available to help pay down expensive healthcare bills.
Filing for bankruptcy is a major life decision, and one that doesn't come easy. The burden of financial stress can be overbearing and a lot to overcome. You've heard there are certain benefits to bankruptcy, but fear the negative impact it could have on your financial future.