Generally, people do not willfully walk themselves into financial difficulties. In fact, the average person does everything in their power to live within their means. Unfortunately, if you are overwhelmed by debt, one of the remedies you can consider is declaring...
If you have fallen behind with debt payments, the creditor may ask a court to garnish your wages. If the court agrees, it will tell your employer to pay part of your wages directly to the creditor to settle your debt. If your creditor is threatening to garnish your...
A person who files for bankruptcy protection may be worried that they will lose all the assets that they have, but this isn’t the case. There are specific laws that cover what assets are protected from the bankruptcy process. Mississippi has opted out of the federal...
There are numerous stereotypes out in circulation about debt and bankruptcy. It is a common misconception that financial hardship only falls on those who are careless with their money. This is far from the truth though. Many Americans are currently struggling with...
Bankruptcy is a proceeding that provides debt relief. Two common types of bankruptcy are Chapter 7, a liquidation, and Chapter 13, a repayment plan. Many people in Mississippi choose Chapter 7, but they must pass a means test. Overview of the bankruptcy means test...
You’ve had a lot of financial ups and downs over the years, and your parents have been there to support you along the way. When you were struggling financially because of changes in your employment over the last couple of years, they lent you some money....
It’s not impossible to get your student loans discharged in bankruptcy, but it’s not exactly easy, either. Most people who file bankruptcy will still have those debts when they’re done. If your student loans are a major source of your financial distress and are...
Many Americans – even those with health insurance – are drowning in medical debt. One long-term illness or serious injury can result in medical bills adding up to many thousands of dollars. The Consumer Financial Protection Bureau (CFPB) puts medical debt in the U.S....
It can feel like a lonely place when your debts are spiraling out of control. However, the truth is that millions of people are in the exact same position as you are. Unfortunately, there are still stigmas surrounding debt, bankruptcy and other financial issues. If...
You’ve probably heard all the cautionary tales about payday loans. They come with fees and high interest rates. It’s easy to become dependent on them to get by. However, when you’re short on money or an unexpected expense comes up and you’re not getting paid for...