It has been widely estimated that consumers have been shouldering around $81 billion in medical debt that they can’t afford to pay. The reality is much, much worse. Stanford study indicates that medical debt is a much bigger problem than thought That $81 billion...
One of the most common myths about bankruptcy is that it means you're irresponsible. People assume that you have to file because you made critical financial mistakes that you should have avoided, but you were too reckless with your spending. This does happen on...
A key part of filing for Chapter 7 bankruptcy in Mississippi is passing the means test. The means test is a two-part test to determine whether you qualify for bankruptcy relief. In other words, can you afford to repay your debts with the amount of disposable income...
If you’re considering bankruptcy and starting to do some research on the subject, you likely have seen the terms “dismissal” and “discharge.” They might sound like the same thing, but they’re anything but that. If you file Chapter 7 bankruptcy, you want to discharge...
Have you been considering the pros and cons of filing for bankruptcy and been concerned that one of the major cons might be its effect on your ability to get a job – or even a new position with your current employer – in the future? You may know that a Chapter 7...
Cars are expensive to run. If you are struggling to pay your debts, keeping your vehicle fuelled and keeping up with its payments may be challenging. Yet, as well as being something that consumes your money, your car may help you earn it. You might use your vehicle to...
People in Mississippi often struggle with significant debt, often including student loans. Student loan debt has even become a major issue for many people, especially when their income makes it difficult to impossible to pay them back. The burden of student loans may...
Chapter 13 bankruptcy is a legal action that involves submitting a plan of repayment with the assistance of a lawyer. If the plan receives court approval and regular payments are made throughout the three to five years, any debts that are leftover are often...
If you've filed for bankruptcy, your wage garnishments will stop,, at least temporarily. If you're a Mississippi resident, here are some essential things you should know about repossession and wage garnishments and how bankruptcy can stop these processes so you can...
Creditors keep hounding you. It is not that they need to remind you about your financial dire straits. You already know that and plan to address it. Now, as you consider your options such as filing for bankruptcy, you also must deal with these nearly non-stop...
