It can feel like a lonely place when your debts are spiraling out of control. However, the truth is that millions of people are in the exact same position as you are. Unfortunately, there are still stigmas surrounding debt, bankruptcy and other financial issues. If...
Why could a court refuse to discharge your bankruptcy?
As you start the bankruptcy process, you’ll hear and read about the “discharge.” That’s the bankruptcy court’s order that releases you from any liability for your debts that have been ruled to be dischargeable. The discharge typically occurs in a Chapter 7 bankruptcy...
Take a breath and start again: Bankruptcy can give new life
There is a common misconception that bankruptcy is always brought on by carelessness with money. However, this is far from the truth. Many American citizens and businesses are currently struggling financially, for reasons outside of their control. Although the...
Using bankruptcy to prevent a foreclosure
A weak economic picture has resulted in your working hours being slashed in half. Now, instead of earning enough money to pay your bills every month, you are struggling. You have cut back on all unnecessary spending. This includes cutting out cable and other expenses...
Bankruptcy and the automatic stay
When consumers in Mississippi and around the country file for bankruptcy, an automatic stay is issued that requires lenders, debt collectors and government agencies to cease all of their collection efforts. In addition to preventing property from being repossessed and...
How will the No Surprises Act affect medical debt?
If you or a loved one suffers a serious injury, perhaps in a car crash, or another medical emergency, like a heart attack, you just want immediate care. You typically don’t stop to think about whether you can afford it. You also may have no choice about where you go...
It’s official: Americans are drowning in medical bills
It has been widely estimated that consumers have been shouldering around $81 billion in medical debt that they can’t afford to pay. The reality is much, much worse. Stanford study indicates that medical debt is a much bigger problem than thought That $81 billion...
Bankruptcy does not mean you’re irresponsible
One of the most common myths about bankruptcy is that it means you're irresponsible. People assume that you have to file because you made critical financial mistakes that you should have avoided, but you were too reckless with your spending. This does happen on...
Don’t confuse “dismissal” and “discharge” in bankruptcy
If you’re considering bankruptcy and starting to do some research on the subject, you likely have seen the terms “dismissal” and “discharge.” They might sound like the same thing, but they’re anything but that. If you file Chapter 7 bankruptcy, you want to discharge...
Does bankruptcy hurt your ability to get a job?
Have you been considering the pros and cons of filing for bankruptcy and been concerned that one of the major cons might be its effect on your ability to get a job – or even a new position with your current employer – in the future? You may know that a Chapter 7...
