If you’re facing bankruptcy in Mississippi, it’s vital to know what items are exempt from being seized during bankruptcy proceedings. Pond Law Firm assists individuals and businesses in working through bankruptcy filings every single day. It is our primary objective to protect as many of your assets as possible and inform you of your rights in Mississippi bankruptcy claims. What Are Some Possessions Exempted During Bankruptcy? Bankruptcy exemption rules in Mississippi protect some of your assets. Here, Pond Law Firm breaks down what you can expect to be exempt in your MS bankruptcy filing and ..read more

Pond Law Firm is all about assisting our fellow Mississippi residents in times of financial hardship. We are here to help you work through the process of bankruptcy and pave the  pathway to the fresh financial start you deserve. Knowing what to expect when filing for bankruptcy in Mississippi is a great place to start and we’re here to share more about the bankruptcy process in our great Magnolia state.  What Happens When You File Bankruptcy In Mississippi? Evaluate Your Financial Situation It’s important to consider all your financial factors to determine if bankruptcy is the right ..read more

Claiming bankruptcy in Mississippi can be a complex process, and Pond Law Firm is here for you every step of the way, guiding you through the process to keep it as simple and straightforward as possible. You’ve already got enough on your mind and navigating a complex bankruptcy doesn’t need to be added to your to-do list. Our experienced bankruptcy attorneys are here to help, protecting your rights and financial future along the way. If you’ve found yourself facing the reality of bankruptcy, it’s important to consider the costs associated with filing. Filing Chapter 7 bankruptcy in Mississippi ..read more

There are different types or chapters of bankruptcy that individuals can file depending on their circumstances. There are certain types of bankruptcy that only apply to businesses and others that are primarily useful for those in specific professions, like farming. For individuals filing for personal bankruptcy, Chapter 7 and 13 proceedings are the most common. Some people refer to Chapter 7 bankruptcy as liquidation bankruptcy. It may only take a few months after someone files their initial paperwork for the courts to approve the discharge of their unsecured debts. The law sometimes allo ..read more

People who are drowning in debt often wonder how they’ll make ends meet. Just knowing that they owe money is stressful enough, but having the creditors try to contact them constantly adds more stress. Once someone realizes they need to take the step of filing for bankruptcy, they should learn about the protections that this opportunity affords. The bankruptcy court will issue an automatic stay when you file. This protection prevents creditors from trying to collect money from you while your case remains active. With very few exceptions, you won’t have to worry about creditors trying to contact ..read more

When debt gets to be too much, you might start looking at your credit card bills. What you’ll be surprised to find is that you’ve spent more than you thought you did. In fact, this can get to the point where you can’t pay off the card and then you start compounding interest on top of what you owe. That is often one of the key steps that happens as people move toward bankruptcy, simply because the debt becomes overwhelming. But why does this happen? You didn’t set out, intending to spend too much money, and many people end up blaming themselves for their own financial situation. But the truth i ..read more

Some people put off filing for bankruptcy because they are scared of the consequences or worried about what others might say. Some delay because they believe they are too busy to make it a priority right now or because they still cannot accept the reality of their situation.   The problem with delaying is that it will typically make the situation worse. Here is why: Your debt will increase Interest and late payment fees can soon send your debt rocketing, especially with credit card debt. Dealing with matters sooner means you enter bankruptcy owing less, so you can hopefully emerge wi ..read more

The decision to file bankruptcy is one that’s usually not made until every other option has been exhausted. Many people think that they will feel an overwhelming relief when they file, but this isn’t always the case. In some instances, negative emotions can occur.  It helps some people to remember that bankruptcy is a legal way to reclaim your financial health. Many people who file for bankruptcy were put in a financial bind because of factors they can’t control. Astronomical medical bills or unexpected job loss are two of the more common reasons for bankruptcy.  Learn to balanc ..read more

Individuals diagnosed with cancer now have a much better prognosis than they did a few decades ago. Even children with cancer are more likely than not to survive in most cases. Of course, getting to remission isn’t an easy process. Typically, those with cancer require months of intensive and debilitating treatments. Often, people with cancer cannot work during their treatment and may need a few months to recover even after achieving remission. Chemotherapy and radiation treatments, for example, can make people even sicker than they were at the time of their initial diagnosis. Recovering from c ..read more

Bankruptcy offers a fresh financial start for many individuals who are drowning in debt. However, you may have questions about what is possible after your filing is complete.  For many, being able to purchase a car is important. However, after filing for bankruptcy, will this even be possible? Buying a car after bankruptcy In some situations, the debts lifted by filing bankruptcy may make it easy to pay cash for a car or keep up with loan payments. Also, many auto lenders will work with individuals who have filed for bankruptcy. Just note that if you go this route, you will have high ..read more