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 relief, which is what bankruptcy provides.   Bankruptcy occurs for many reasons besides financial failure. Many high-asset business owners use bankruptcy as a valuable financial tool to get through tough times and restore solvency. The average homeowner can do the same.   5 issues that cause debt and often make ba ..read more

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 people encounter challenges when unexpected expenses arise that they are not prepared to meet, such as vehicle or home repairs. These situations often cause people to fall behind on their mortgage payments, which may be a good time to consider filing for Chapter 13 bankruptcy.   Chapter 13 bankruptcy is commonly referred to ..read more

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 this program can help an individual or business pay back creditors, it does not guarantee that new financial problems will not arise in the future.   Many people find themselves in need of immediate debt relief more than once in a lifetime. Others can liquidate assets through Chapter 7 but may still need assistance to c ..read more

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 common among those whose finances have gotten out of hand, compelling them to seek debt relief, such as filing for bankruptcy. Experiencing just one of these issues is enough to spark a financial crisis. Unfortunately, many people encounter several of these issues simultaneously, bringing them to the brink of financial ruin. Thank ..read more

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 business in another state recently filed for Chapter 7 bankruptcy to rectify its financial woes.   With a Chapter 7 bankruptcy, an individual or business can pay back creditors by liquidating assets. The proceeds of those sales are then used to pay off debt. This is different from a Chapter 11 or 13 bankruptcy program, w ..read more

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 cutting back on spending or working overtime to generate more cash flow) has not been successful, it might be time to consider a valuable tool known as Chapter 13 bankruptcy. The Chapter 13 program is available to those who meet the eligibility requirements. It is best to meet with someone who can suggest which bankruptcy options b ..read more

Deciding to move on in life without one’s partner when there are irreconcilable differences in a marriage is an issue to which many Mississippi spouses can relate. In some cases, the decline of a marital relationship has occurred slowly over time, with spouses growing distant from one another but without there being a cataclysmic issue like an affair or domestic violence. In other situations, such as a spouse who has been the victim of narcissistic abuse, the decision to divorce has come after years of mistreatment. Divorce is never easy, especially if children are involved. However, navigatin ..read more

Many Mississippi families are going through some major life changes as 2024 gets underway. Some are having babies. Others are moving across the country to start new jobs and find new homes. Many are experiencing less happy changes like divorce. While some spouses will be able to achieve a fair settlement swiftly and amicably, others will not, mostly because a spouse might have a bad attitude or is acting underhandedly, like hiding assets.   When a married couple decides to file for divorce, they must navigate the disclosure phase of proceedings. During this phase, each spouse must co ..read more

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 option in your case, although there are several things you’ll want to know before filing a petition. There are several bankruptcy programs available. However, each program has its own requirements. You might qualify for one but not another. It’s best to review eligibility requirements for all types of bankruptcy, and then determine ..read more

Most everyone in Mississippi has friends or relatives who have gone through serious marital problems. While some might know someone who has been able to overcome such issues and restore their marital relationship, that is not always the case. In this state and elsewhere, divorce is relatively common, including for a great number of people in their 60s or 70s. There has been a substantial increase in the divorce rate among baby boomers, as well as the previous era, known as “the silent generation.”  Many of these former couples had been married for 30 or 40 years or more when they decided ..read more