While bankruptcy provides debtors in Jackson, Mississippi, with a fresh start, it usually remains on credit reports for several years. Lenders commonly hesitate to approve debtors whose bankruptcy recently got discharged. It doesn't make getting a mortgage impossible,...
Maximum limits for wage garnishment
If you fail to pay alimony, child support, or student loans, your wages are often garnished. However, before the wage garnishment, there are legal limits of the garnishment amount. Additionally, different types of debts have different amounts of wage garnishment. In...
5 signs it’s time to consider bankruptcy
A significant portion of the American population lives on the edge of financial peril. Between living paycheck to paycheck and having no savings set aside for unexpected emergencies, many families are one dramatic life event from facing overwhelming debt. Too often,...
The automatic stay in personal bankruptcy cases
When Mississippi residents file Chapter 7 or Chapter 13 bankruptcy petitions, the judge assigned to the case issues a Notice of Filing. This causes an injunction known as an automatic stay to go into effect, which prevents creditors from attempting to collect unpaid...
