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 24, 2021 | Blog
If you fail to pay alimony, child support, or student loans, your wages are often garnished. However, before the wage garnishment, there are legal limits of the garnishment amount. Additionally, different types of debts have different amounts of wage garnishment. In Mississippi, the creditor needs to file a lawsuit. Default judgment If you fail to… Continue reading Maximum limits for wage garnishment...
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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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