On Behalf of developers | March 12, 2024 | Bankruptcy,Chapter 7 Bankruptcy
Claiming bankruptcy in Mississippi can be a complex process, and Pond Law Firm is here for you every step of the way, guiding you through the process to keep it as simple and straightforward as possible. You’ve already got enough on your mind and navigating a complex bankruptcy doesn’t need to be added to your… Continue reading How Much Does It Cost to File Chapter 7 in Mississippi?...
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On Behalf of developers | June 6, 2023 | Chapter 7 Bankruptcy
There are different types or chapters of bankruptcy that individuals can file depending on their circumstances. There are certain types of bankruptcy that only apply to businesses and others that are primarily useful for those in specific professions, like farming. For individuals filing for personal bankruptcy, Chapter 7 and 13 proceedings are the most common.… Continue reading Do Chapter 7 bankruptcy filers have to sell their property?...
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On Behalf of developers | July 19, 2022 | Chapter 7 Bankruptcy
Filing bankruptcy can have a big ripple effect on your personal and professional life for quite a while. You will most likely have a lot of questions about what you are and are not permitted to do. Some of those questions may understandably pertain to your credit cards. Are you allowed to use them while… Continue reading If you file bankruptcy, what about your company credit cards?...
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On Behalf of developers | April 27, 2022 | Chapter 7 Bankruptcy
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 unlikely to be discharged, is there any point in filing bankruptcy? Quite often,… Continue reading Why bother with bankruptcy when it won’t clear your student loans?...
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On Behalf of developers | February 18, 2022 | Chapter 7 Bankruptcy
Debt is still viewed as a taboo subject at times. Anyone in financial hardship can be misconstrued as being reckless with their money. The truth is that many American households are struggling financially through no fault of their own. Debt can leave you wondering where your next meal is coming from or how you will… Continue reading Debt affects more than your finances...
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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 | 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 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 15, 2021 | Chapter 7 Bankruptcy
Mississippi consumers who are overwhelmed by their financial obligations might have an out through Chapter 7 bankruptcy. This requires debtors to sell off their non-exempt property through a trustee. The trustee values the assets and uses the funds from sales to pay creditors. However, the debtor does not have to relinquish all assets to the… Continue reading What are exemptions in Chapter 7 bankruptcy?...
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On Behalf of developers | April 5, 2021 | Chapter 7 Bankruptcy
Filing for Chapter 7 bankruptcy can have a significant impact on your credit score. However, there is no guarantee that your score will go down after your debts are discharged by a Mississippi judge. In the event that your score does go down, it may be possible to start rebuilding your credit as soon as… Continue reading How a Chapter 7 case could impact your credit...
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