On behalf of Pond Law Firm | Oct 21, 2020 | 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...
On behalf of Pond Law Firm | Oct 9, 2020 | Bankruptcy
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...
On behalf of Pond Law Firm | Sep 30, 2020 | Bankruptcy
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...
On behalf of Pond Law Firm | Sep 18, 2020 | Bankruptcy
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...
On behalf of Pond Law Firm | Sep 15, 2020 | Bankruptcy
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...
On behalf of Pond Law Firm | Sep 1, 2020 | Bankruptcy
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...
On behalf of Pond Law Firm | Aug 20, 2020 | Bankruptcy
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...
On behalf of Pond Law Firm | Jul 23, 2020 | Bankruptcy
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...
On behalf of Pond Law Firm | Jul 20, 2020 | Bankruptcy
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...
On behalf of Pond Law Firm | Jul 11, 2020 | 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...
