Helping Good People Get Out Of Bad Situations

Category: Chapter 7 Bankruptcy

Do retirees deal with bankruptcy?

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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How bankruptcy handles student loans

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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Buying a home after Chapter 7 bankruptcy

On Behalf of developers | January 12, 2021 | Chapter 7 Bankruptcy

Many people falsely assume that once they file for Chapter 7 bankruptcy protection, they can no longer purchase a home. While there are credit ramifications associated with filing for bankruptcy, doing so does not permanently disqualify Mississippi residents from home ownership. Waiting period In most cases, lenders require you to wait at least two years… Continue reading Buying a home after Chapter 7 bankruptcy...
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Student loans under Chapter 7 bankruptcy

On Behalf of developers | December 31, 2020 | Blog,Chapter 7 Bankruptcy

Consumers in Jackson, Mississippi, can file Chapter 7 bankruptcy to help them erase debts they can no longer manage to pay. Debtors commonly file bankruptcy to remove student loan debt. However, not all debts receive the same treatment under Chapter 7. Basics of Chapter 7 Bankruptcy The bankruptcy process begins by the debtor filing a… Continue reading Student loans under Chapter 7 bankruptcy...
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Could you be stuck with some debts after your bankruptcy?

On Behalf of developers | October 23, 2020 | Chapter 7 Bankruptcy

Your financial situation is dire and rapidly getting worse, so you’ve made the decision to file for bankruptcy. You’re waiting a little to either save up the filing fees or to get through the holiday season — and that’s fine. Just watch what purchases you’re making on credit during this time. Otherwise, you may find… Continue reading Could you be stuck with some debts after your bankruptcy?...
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Struggling with credit card debt? Bankruptcy could be the solution

On Behalf of developers | August 4, 2020 | Chapter 7 Bankruptcy

According to Nerd Wallet’s 2019 American Household Credit Card Debt study, the average amount of credit card debt within an American household is around $6,591. This might not seem like much compared to the average $27,978 in auto loans or $46,954 in student loans owed in an average household, but the debt created by credit… Continue reading Struggling with credit card debt? Bankruptcy could be the solution...
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Bankruptcy could help if you’ve lost your job

On Behalf of developers | April 10, 2020 | Chapter 7 Bankruptcy

You never expected to be in the position you’re in today. You’ve always worked hard, and you had put away enough savings to take care of yourself for three months if you lost your job. You never thought that you’d lose your job and be unable to find a new one within that time.  Unfortunately,… Continue reading Bankruptcy could help if you’ve lost your job...
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What can Chapter 7 bankruptcy do for you?

On Behalf of developers | March 31, 2020 | Chapter 7 Bankruptcy

As you review your finances, you may soon come to the conclusion that you’re facing a long uphill battle. Even with the best intentions, you may find it nearly impossible to make efficient progress in a timely manner. Should you find yourself in this position, Chapter 7 bankruptcy is well worth your consideration. Even if… Continue reading What can Chapter 7 bankruptcy do for you?...
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Understanding the bankruptcy means test

On Behalf of developers | November 14, 2018 | Chapter 7 Bankruptcy

As a resident of Michigan or Illinois who finds yourself facing an increasingly overwhelming amount of debt, you may be weighing your options and trying to determine the best and most effective way of rebuilding your financial affairs. At Pond Law Firm, we understand that, for some people, filing for bankruptcy can streamline the process of… Continue reading Understanding the bankruptcy means test...
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Chapter 7 bankruptcy can wipe the slate clean

On Behalf of developers | October 30, 2018 | Chapter 7 Bankruptcy

Bankruptcy can be a scary concept for debtors in Mississippi. We at Pond Law Firm know that many people are afraid to file for bankruptcy for fear of losing everything or looking like a failure in the eyes of others. However, bankruptcy laws are there for your benefit. Bankruptcy is not a failure but an opportunity to… Continue reading Chapter 7 bankruptcy can wipe the slate clean...
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