Jackson Mississippi Bankruptcy Law Blog
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...
Considering bankruptcy? You’re likely to have questions
Should your finances take a turn for the worse, there may come a point in the near future when you ponder the pros and cons of bankruptcy. Before you decide in favor of or against bankruptcy, it’s critical to answer a variety of questions as they pertain to your...
Can you avoid a creditor wage garnishment with bankruptcy?
When your debt level reaches a point where you can't pay off your creditors or even make the required minimum payments every month, you may have to start making difficult decisions. You may pay the bills you need to cover to remain in your home while letting others go...
Can you really just pay $5 a month on a medical bill forever?
Mention a hefty medical bill you can’t afford to a group of people and it’s almost guaranteed that someone is going to roll out that old chestnut of advice and say, “Just pay $5 a month on it forever. They can’t do anything to you as long as you keep paying.” If that...
Why older people are working longer
If you’re over 65 and you’re still waking up at dawn to go to work, there’s a good chance that it’s because you need the money. According to a survey by Provision Living, which is a company behind senior living communities, 60% of employees working during what used to...
Learn the truth about these 3 bankruptcy myths
There are dozens of myths about bankruptcy that don’t have any basis today. Sometimes, myths were created out of a misunderstanding of the purpose of bankruptcy. Sometimes, it’s a result of changes in laws over time that bankruptcy is misunderstood. It’s important...
Report shows that foreclosures may not happen as often as feared
With the economy languishing for the past few months, many feared that an absolute wave of foreclosures was coming. This happened the last time that there was a recession, after all, and it felt like the same thing could just repeat itself a bit over 10 years later. ...
How does a Chapter 13 repayment plan work during bankruptcy?
Most individuals considering bankruptcy will either file to Chapter 7 or Chapter 13 bankruptcy, although there are many other kinds of available as well. One of the features that set Chapter 13 bankruptcy apart from Chapter 7 is the requirement for filers to complete...
Understand these points about medical bankruptcy
Medical bills are one of the many factors that can lead Americans to file for bankruptcy protection. The high cost of care coupled with the rise in normal living expenses is leading some individuals to wonder how they are going to make ends meet. This is especially...
Taking these steps may help save your home
Nobody wants to be evicted. The thought of being forced from the home that your family has occupied for years is heartrending. If you’ve missed mortgage payments and it doesn’t look like you’ll be able to catch up, you probably worry that foreclosure is unavoidable —...
