On Behalf of developers | January 18, 2022 | Bankruptcy,Blog
When consumers in Mississippi and around the country file for bankruptcy, an automatic stay is issued that requires lenders, debt collectors and government agencies to cease all of their collection efforts. In addition to preventing property from being repossessed and homes being foreclosed upon, the automatic stay halts debt-related lawsuits and wage garnishments. It also… Continue reading Bankruptcy and the automatic stay...
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On Behalf of developers | January 6, 2022 | Bankruptcy
If you or a loved one suffers a serious injury, perhaps in a car crash, or another medical emergency, like a heart attack, you just want immediate care. You typically don’t stop to think about whether you can afford it. You also may have no choice about where you go for treatment. An ambulance or… Continue reading How will the No Surprises Act affect medical debt?...
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On Behalf of developers | December 21, 2021 | Debt Relief
If you have fallen so far behind on your payments that creditors want to take you to court, you may not have enough income to cover all of your bills every month. Just trying to make the monthly minimum payments on all of your accounts may become prohibitively difficult. Unfortunately, the companies that want you… Continue reading Wage garnishment will likely only worsen your debt issues...
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On Behalf of developers | December 6, 2021 | Bankruptcy
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 figure has been frequently cited, but a study by a Stanford… Continue reading It’s official: Americans are drowning in medical bills...
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On Behalf of developers | November 20, 2021 | Bankruptcy
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 occasion, but it’s a myth that this is why most people… Continue reading Bankruptcy does not mean you’re irresponsible...
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On Behalf of developers | November 16, 2021 | Chapter 7 Bankruptcy
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 you have? The means test has two parts, but the… Continue reading The Chapter 7 bankruptcy means test...
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On Behalf of developers | November 6, 2021 | Bankruptcy
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 as many of your debts as possible. When a debt is discharged,… Continue reading Don’t confuse “dismissal” and “discharge” in bankruptcy...
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On Behalf of developers | October 22, 2021 | Bankruptcy
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 bankruptcy will remain on… Continue reading Does bankruptcy hurt your ability to get a job?...
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On Behalf of developers | October 12, 2021 | Bankruptcy
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 get to work. Or, if you… Continue reading How can filing for bankruptcy help you keep your car?...
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On Behalf of developers | October 6, 2021 | Bankruptcy
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 be particularly overwhelming when combined with other types of financial obligations, such… Continue reading Can student loans be discharged in bankruptcy?...
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