On Behalf of developers | March 18, 2022 | Blog,Chapter 13 Bankruptcy
If you file for Chapter 13 bankruptcy in Mississippi, you will have to undergo a process of documenting your income, debts, and ability to fulfill the terms of a repayment plan. This can take time and requires significant paperwork Complete the means test To determine your qualifications for a Chapter 13 bankruptcy, you have to… Continue reading Moving forward with your Chapter 13 payment plan...
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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 | 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 | 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 | May 25, 2021 | Bankruptcy,Blog
In the state of Mississippi, your lender can repossess your vehicle if you don’t stay on top of your loan payments. This means that they can take the car from your property at any time as long as they don’t threaten you or disturb your neighbors. Repossession isn’t just bad for your livelihood; it also… Continue reading Does repossession damage your credit?...
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On Behalf of developers | May 12, 2021 | Bankruptcy,Blog
Financial troubles could become an immense burden on many Mississippi residents. When their debt reaches significant levels, seeking protection from the bankruptcy court may be a viable option. A bankruptcy filing might not mean that all obligations go away as restructuring could involve paying back a portion of the debt owed to creditors. That said,… Continue reading Does bankruptcy address wage garnishments?...
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On Behalf of developers | April 29, 2021 | Blog,Chapter 13 Bankruptcy
Many adults throughout the nation struggle to keep up with their debts. If you’re living with debt in Mississippi, you can utilize several strategies to resolve this problem. One of the most common ways to become debt-free is by declaring bankruptcy. With that in mind, here’s more information about Chapter 13 bankruptcy and what happens… Continue reading Am I allowed to leave chapter 13 bankruptcy protection?...
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On Behalf of developers | March 23, 2021 | Blog,Chapter 7 Bankruptcy
It’s important to decide if Chapter 7 bankruptcy is the right option for your financial situation and if it’ll offer relief in Mississippi if you’ve accumulated a significant amount of debt in recent years. It may be the right step to take if it’ll discharge enough of your debt to help you regain your financial… Continue reading Are you a candidate for Chapter 7 bankruptcy?...
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On Behalf of developers | March 12, 2021 | Blog,Chapter 7 Bankruptcy
Retirement is not always a carefree time for everyone. Some residents of Mississippi find their golden years plagued by money issues. Without a nest egg, retirees may suffer from heavy debts. Even a generous pension might not cover living and other expenses. Solutions may exist for those drowning in debt obligations, including filing for Chapter… Continue reading Do retirees deal with bankruptcy?...
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On Behalf of developers | March 8, 2021 | Bankruptcy,Blog,Chapter 7 Bankruptcy
Bankruptcy in Jackson, Mississippi, can eliminate most debts but not all of them. It only erases exempt, nonsecured debts, such as medical bills and credit card bills. One myth that still circulates is that student debt cannot be removed in bankruptcy. New proposed legislation will make eliminating student loan debt easier, but until then, there… Continue reading How bankruptcy handles student loans...
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