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...
Bankruptcy Law
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...
Will bankruptcy save David’s Bridal stores?
Many retailers in Mississippi and beyond have encountered financial challenges in recent years. For some, minor money problems have escalated into full-blown financial crises. One such company, popular among brides-to-be throughout the country, is David’s Bridal. The...
Tuesday Morning has filed for bankruptcy
Discount store enthusiasts in Mississippi and throughout the country may be fans of the popular store chain called Tuesday Morning. Bargain hunters who visit the stores find unique selections at every establishment, although the number of stores available to customers...
6 things stopped by automatic bankruptcy stay
Throughout Mississippi, there are many families and individuals experiencing financial crises. Some of these situations are disrupting savings or causing stress but are resolvable with a few minor adjustments, such as cutting spending or taking on a second job for...
Chapter 7 bankruptcy versus Chapter 13
Many Mississippi homeowners, like others throughout the country, are currently facing financial distress. In some cases, an adjustment of spending habits or an increase in income is all it might take to fix the problem. Other financial challenges may be more difficult...
Bankruptcy helps stop foreclosure
The thought of being turned out of one's home and having nowhere to go is terrifying. Yet, many people in Mississippi face this as a very real prospect. Such situations often occur through foreclosure. A homeowner falls behind in mortgage payments, and the lenders...
3 reasons holidays and bankruptcy are connected
Many people in Tennessee and throughout the country are gearing up for holiday celebrations with their families and friends. For some, unfortunately, the season will end with financial distress, which they may or may not be able to resolve in a swift and efficient...
Filing for bankruptcy may stop a foreclosure
When you bought your home in Mississippi, you may have had plans to stay there for the rest of your life. Whether you are a new homeowner or have been in the same house for decades, the house itself is no doubt one of your largest assets. If you're one of many people...