Jackson Mississippi Bankruptcy Law Blog
Could you be stuck with some debts after your bankruptcy?
Your financial situation is dire and rapidly getting worse, so you’ve made the decision to file for bankruptcy. You’re waiting a little to either save up the filing fees or to get through the holiday season -- and that’s fine. Just watch what purchases you’re making...
Should more people be considering bankruptcy?
Americans are no strangers to debt – our economy runs on it. Tens of millions of individuals and families in the U.S. have debt, but the amount of debt and the ability to pay it off varies widely. That being said, the annual rate of bankruptcies is inconsistent with...
Can bankruptcy discharge student loans?
When you’re 18, student loans sound fine. You don’t have to pay them back anytime soon -- or, at least, that’s how it feels -- and you may not even realize how much debt you’re taking on. Plus, you’re sure that your degree is going to get you an excellent job anyway,...
Can you escape the payday loan trap?
When an emergency happens and you need a couple hundred bucks, there aren’t a lot of places to turn. Most people don’t have that kind of money to loan a friend, and you can’t usually get a bank to help you with that little of an amount. Your situation may be even...
How much will bankruptcy change your credit score?
One of the reasons that people delay bankruptcy filings is the fear of how it will impact their credit. There is a pervasive myth that those who file bankruptcy will never have good credit again or will struggle to qualify for financing after they file. While it is...
Bankruptcy is on the rise amongst the over 55s
Think back to when you first bought something on credit or took out your first loan. You probably thought debt was a temporary measure, and that as you grew older, you would pay off your debts and save for your retirement. You would never have believed you would be...
Does electronic money lead to overspending?
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...
Can you stop the repossession of a financed personal vehicle?
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...
Struggling with credit card debt? Bankruptcy could be the solution
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...
Solutions for those overwhelmed by substantial medical debt
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...
