If you're struggling with debt in the state of Mississippi, you might have thought about filing for bankruptcy. Filing for Chapter 13 bankruptcy can help you pay off your debts and get your finances under control. However, Chapter 13 is only available for people who...
How Chapter 13 bankruptcy works
Debtors in Mississippi may consider bankruptcy when they can no longer handle their debts. Debtors commonly file Chapter 7, a type of bankruptcy that liquidates assets to pay creditors. Certain debts get discharged, and the individuals start fresh. Not all debtors...
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...
Reviewing the bankruptcy credit counseling requirement
To you, bankruptcy may seem like a fairly "cut-and-dry" process: you file, disclose your debts, and then have them discharged. You likely thought that at no point would you be told that you had to go through credit counseling. Many in Jackson have come to us here at...
Options to reduce credit card costs
Many people in Mississippi who find themselves with increasing levels of credit card debt may often wonder how in the world they can eventually make their debt decline instead of continue to grow. Even when making payments every month, interest rates, annual card fees...
Should I try to fast forward my Chapter 13 debt payment?
Sometimes financial fortunes in Mississippi can change quickly. You have received a large inheritance, or maybe your boss has given you a robust holiday bonus and even a big raise. No matter the reason, if you are in the middle of a Chapter 13 bankruptcy and have...
Rapper asks permission to convert Chapter 13 to Chapter 11
People in Jackson likely are willing to do all that they can in order to avoid financial struggles. Yet no one may be immune from having issues with debt. Oftentimes, those issues can become so overwhelming that bankruptcy protection is the only viable path for one to...
Success can follow your bankruptcy
Nobody likes losing, and for some people in Mississippi, filing for bankruptcy feels like losing. What you are losing, however, are the stress and anxiety that an overwhelming amount of debt brings. What you are gaining is a fresh start, and everyone deserves a new...
Bankruptcy trends in the U.S. and Mississippi
It has been roughly a whole decade now since the Great Recession hit the United States. While many people in Mississippi have been enjoying the results of a healthier economy there continue to be many who struggle to make ends meet. Despite news reports these people...
Understanding Chapter 13 bankruptcy qualifications
When you are neck deep in debt, it is easy to look around and feel as though you are the only one in Jackson struggling with such a problem. Trust us here at the when we tell you that you are certainly not alone. Debt can easily overwhelm...
