On Behalf of developers | September 24, 2021 | Chapter 13 Bankruptcy
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 discharged. When bankruptcy is used properly, it can be a highly… Continue reading How to prepare a Chapter 13 payment plan...
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On Behalf of developers | September 18, 2021 | Bankruptcy
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 communiques – phone calls, letters, emails and even texts… Continue reading Federal law protects you from creditor harassment...
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On Behalf of developers | September 4, 2021 | Blog
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 protect your paycheck. Wage garnishments Repossession and wage garnishments refer to a court order informing… Continue reading Stopping wage garnishments...
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On Behalf of developers | August 27, 2021 | Bankruptcy,Uncategorized
Chapter 7 bankruptcy in Jackson, Mississippi, discharges unsecured debt through liquidation, which requires you to sell assets. With Chapter 13, you pay the debts gradually through a restructuring plan. However, you may notice your credit score will drop for several years, but there are ways to rebuild it. How bankruptcy impacts credit scores While Chapter 7… Continue reading Rebuilding your credit after bankruptcy...
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On Behalf of developers | August 17, 2021 | Bankruptcy
Many different circumstances can cause someone to experience overwhelming debt. Excess credit card or personal loan payments become insurmountable after a loss of employment or a change in family status. Whether the debt came from uncontrolled gambling or an unexpected divorce, residents of Jackson, Mississippi, may choose bankruptcy as the ultimate debt relief option. Although… Continue reading Decoding the mysteries of bankruptcy...
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On Behalf of developers | August 9, 2021 | Medical Debt
A gig worker with a heart condition, a young mother with scleroderma and a retiree struggling with cancer. Although all three situations involve different people and different scenarios, they do have a couple of major factors in common: medical conditions leading to excessive medical debt. A study from 2019 disclosed that two-thirds of all people who… Continue reading Medical debt: the reason why many file for bankruptcy...
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On Behalf of developers | August 4, 2021 | Chapter 7 Bankruptcy
Chapter 7 bankruptcy may provide the best solution to a debtor’s woes. Dealing with an incredible amount of debt, combined with low or no income, could make paying obligations impossible. Federal bankruptcy law provides an option for Mississippi residents unable to escape their debt. Some debtors may wish to move the process along as fast… Continue reading Is DIY chapter 7 bankruptcy advisable?...
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On Behalf of developers | June 30, 2021 | Bankruptcy
While bankruptcy provides debtors in Jackson, Mississippi, with a fresh start, it usually remains on credit reports for several years. Lenders commonly hesitate to approve debtors whose bankruptcy recently got discharged. It doesn’t make getting a mortgage impossible, but it is tricky. Mortgages in bankruptcy The way mortgages are handled in bankruptcy depends on the… Continue reading Getting a mortgage after bankruptcy...
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On Behalf of developers | June 24, 2021 | Blog
If you fail to pay alimony, child support, or student loans, your wages are often garnished. However, before the wage garnishment, there are legal limits of the garnishment amount. Additionally, different types of debts have different amounts of wage garnishment. In Mississippi, the creditor needs to file a lawsuit. Default judgment If you fail to… Continue reading Maximum limits for wage garnishment...
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On Behalf of developers | June 19, 2021 | Bankruptcy
It’s usually difficult to get approved for credit after bankruptcy in Mississippi, and this applies to an auto loan as well. Most lenders check your credit reports before approving you for any loan. Unfortunately, bankruptcy stays in credit history for up to ten years. Although bankruptcy can offer you a fresh financial start, the record… Continue reading Can you get an auto loan after bankruptcy?...
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