Filing for bankruptcy is often a difficult financial decision made by people seeking relief from overwhelming debt. Most individuals who enter the bankruptcy process are attempting to resolve financial problems honestly and move forward with a fresh start. Even so,...
Bankruptcy Law
Should married couples file bankruptcy jointly in Mississippi?
Debt has a way of becoming a shared burden in a marriage, even when it starts with just one spouse. You may find yourself trying to keep up with bills, credit cards or medical expenses that no longer match your income, while also trying to protect your home, your...
Understanding Chapter 7 bankruptcy as a business owner
Financial strain can place immense pressure on a business owner, especially when debts become unmanageable. Chapter 7 bankruptcy is often considered when continuing operations is no longer realistic and obligations outweigh available resources. For business owners, it...
Is chapter 7 bankruptcy a fresh start or a last resort?
When bills keep stacking up and income no longer stretches far enough, you may wonder whether Chapter 7 bankruptcy offers relief or creates new trouble. In Mississippi, Chapter 7 often works as a financial reset for people who qualify, but it does not fit every...
Bankruptcy filers: Do you know what all those legal terms mean?
When you decide it's time to file for bankruptcy, you will likely encounter language you don't understand that affect your case. Bankruptcy terms can be deceptively simple or sound like other legal concepts. Rather than stumbling through the process, learn the correct...
Does health insurance help you avoid debt and bankruptcy?
Medical bills can create a substantial amount of debt in very little time. Just emergency transportation to a hospital could cost thousands of dollars, not to mention surgery or other types of medical intervention, along with an extended stay in the hospital. An...
If you’re facing foreclosure, can bankruptcy stop it?
When you hear from your mortgage lender regarding foreclosure, it means you have missed a number of payments. The mortgage lender will usually try to contact you at the beginning to give you options to get current on those payments, but if you can’t do so, then they...
What are Chapter 7 and Chapter 13 bankruptcies?
The realization that you can’t pay for your normal bills and pay for other debts can be overwhelming. At that point, you have to determine how to handle this matter. One option you may consider is filing for bankruptcy. Consumers have two primary options—Chapter 7...
Can bankruptcy stop harassing phone calls from creditors?
Dealing with relentless phone calls from creditors can be a source of immeasurable stress and unrest. Suppose you’re overwhelmed by debt and receiving frequent, sometimes aggressive calls demanding payment. In that case, you might wonder if filing for bankruptcy could...
Do both spouses need to file for bankruptcy together in Mississippi?
Many married couples in Mississippi face challenging money problems each year. When bills pile up and debt becomes too much, bankruptcy might be the best option. But does filing for bankruptcy mean both spouses must join in? The answer depends on your specific money...