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 | 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 | June 7, 2021 | Bankruptcy,Chapter 13 Bankruptcy,Chapter 7 Bankruptcy
When Mississippi residents file Chapter 7 or Chapter 13 bankruptcy petitions, the judge assigned to the case issues a Notice of Filing. This causes an injunction known as an automatic stay to go into effect, which prevents creditors from attempting to collect unpaid debts for the duration of the bankruptcy proceedings. It also puts a… Continue reading The automatic stay in personal bankruptcy cases...
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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 | December 15, 2020 | Chapter 13 Bankruptcy
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 meet certain financial qualifications. Here’s what you need to know… Continue reading How much income do you need to file for bankruptcy?...
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On Behalf of developers | November 11, 2020 | Chapter 13 Bankruptcy
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 qualify for Chapter 7, so Chapter 13 bankruptcy gives them another option. Basics of… Continue reading How Chapter 13 bankruptcy works...
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On Behalf of developers | May 21, 2020 | Chapter 13 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 a repayment plan as part of Chapter 13 proceedings. Those who… Continue reading How does a Chapter 13 repayment plan work during bankruptcy?...
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On Behalf of developers | November 30, 2018 | Chapter 13 Bankruptcy
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 the Pond Law Firm with the same question that… Continue reading Reviewing the bankruptcy credit counseling requirement...
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On Behalf of developers | October 13, 2018 | Chapter 13 Bankruptcy
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 or late fees can counteract their best efforts to get out… Continue reading Options to reduce credit card costs...
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On Behalf of developers | September 27, 2018 | Chapter 13 Bankruptcy
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 received a big financial windfall, you may want… Continue reading Should I try to fast forward my Chapter 13 debt payment?...
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