The answer is that it depends. Many people worry about losing their belongings, including electronics, during bankruptcy. This concern is valid, but the reality is often less severe than expected. Generally, bankruptcy laws aim to give individuals a fresh start, not...
Bankruptcy Law
Filing for bankruptcy can stop a foreclosure
In Mississippi and throughout the country, many households have been hit with financial problems in recent years. Some people have lost their jobs, while others have suffered health issues prompting a need for expensive medical care. Many people have incurred high...
Debt-causing issues that may prompt bankruptcy
Most people in Mississippi and across the country experience financial problems at some point. A wide range of economic issues can significantly impact one’s financial status. Many people have dealt with these issues. They often create an urgent need for financial...
Restore solvency with Chapter 13 bankruptcy
Throughout Mississippi and across the country, millions of people have been hit hard by financial crises in recent years. Savings in many households have been drained due to medical bills, loss of income, and credit card balances that have gotten out of hand. Many...
Filing Chapter 13 bankruptcy after Chapter 7
Recent years have been challenging financially for many in Mississippi and across the country. Thankfully, many individuals have been able to seek debt relief to resolve their immediate financial problems. Some find a solution by filing for Chapter 7 bankruptcy. While...
Issues that often precede bankruptcy
Mississippi has not been immune to the economic struggles millions of people throughout the country have experienced in recent years. Many people in this state are struggling to stay afloat financially. While each person’s circumstances are unique, several issues are...
Recycling company files for Chapter 7 bankruptcy
When a business in Mississippi or elsewhere stumbles upon rough financial times, it can take months or even years to restore stability. In many cases, severe financial crises require measures that reach beyond cutbacks in spending or downsizing a company. A recycling...
Can Chapter 13 bankruptcy resolve financial woes?
In Mississippi and throughout the country, millions of people are struggling to stay afloat financially. Some are business owners, while others are simply individuals trying to make ends meet. When things get out of hand and resolving debt in conventional ways (like...
3 things to know about bankruptcy in Mississippi
If seeking debt relief is at the top of your to-do list, you are not alone. Many Mississippi residents, as well as many thousands of people across the country, have encountered significant financial challenges in recent years. Filing for bankruptcy might be a viable...
Bankruptcy protects against lawsuits and repossessions
Many people in Mississippi struggle to pay their debts. Some may be able to get things back on track by adjusting their spending habits or generating extra cash flow by taking on a second job or launching a side hustle. For others, filing for bankruptcy may be the...