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...
Bankruptcy Law
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...
Personal loan after bankruptcy — is it possible?
The short answer to this question is, “Yes, it often is possible.” Numerous factors come into play regarding the ability to borrow money after filing for debt relief in Mississippi. One issue that is relevant is the type of bankruptcy that was filed, such as Chapter 7...
It’s true – bankruptcy can stop a foreclosure
Mississippi has not been isolated from the economic turmoil that many other states have experienced in recent years. Many people have lost their jobs or become chronically ill and unable to work. Those who have been informed that their lenders are threatening...
Problems plagued truck company prior to bankruptcy
One of the largest trucking companies in the country has been experiencing financial difficulties. The company has had at least a 20% out-of-service rate for its drivers. In addition, the company’s out-of-service rate for its vehicles is nearly three times the...
Digital assets of bankrupt Bed Bath& Beyond sold
It did not take long for news to travel when Bed Bath & Beyond announced that it would close more than 350 stores. The popular home goods company has been struggling financially for some time now. Like other iconic specialty shops in Mississippi and elsewhere,...
These 5 issues often precede bankruptcy
In a turbulent economy, it does not take much to spark a personal or business financial crisis. Many Mississippi residents are currently struggling to keep their businesses afloat or even just to make ends meet at home. While every situation is unique, there are five...
