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For some reason, although it may be in their best interest to do so, people avoid meeting with bankruptcy attorneys.  Folks that do come in to see us often tell us that they put off doing so for days,weeks or even months.  In many cases, we could have done a lot more to have helped them if they had come in earlier.  Our clients tell us that they were embarrassed about  calling our office to schedule an appointment.  They felt like it meant they were a failure.  If they just waited a little bit longer, things would get better.  Instead, things often got worse.

I often have clients in my office who are worried that they owe too much money to file for bankruptcy.  They believe that they will not be allowed to file because of the amount and types of debts that they owe.  Most of the time worrying about this is futile since the debt limits outlined for chapter 13 are set very high in comparison to most debts owed by individuals.

 
First of all, if you are contemplating filing any form of bankruptcy it is imperative that you are up to date with filing all of your federal tax returns with the Internal Revenue Service and it is strongly recommended that you keep legible copies of all of your federal tax returns that have been filed.

Reclaiming Your Vehicle

When a creditor repossesses a vehicle, you may have an option to reclaim possession of your vehicle. While it is not the case in some states, in Mississippi you may be able to regain possession if you act quickly and are properly insured. Since every case is different, it is essential to meet with an experienced debt relief attorney as soon as possible.

Since the housing market crash began in 2008, we have seen the rise of mortgage loan modifications as a tool to help troubled homeowners stay in their homes.  If a homeowner qualifies, the loan modification can be a great way to catch up monthly mortgage payments that are behind and actually reduce the regular monthly payment.  However, the process for obtaining a loan modification is often frustrating and has led a lot of homeowners to turn to companies offering assistance with the loan modification process in

The answer to this question really depends on you. One of the biggest fears for most individuals who have filed bankruptcy is that they will never be able to buy a house or car in the future. After someone obtains a discharge from bankruptcy, they will be able to reestablish their credit and obtain new loans if they:

This is truly not a yes or no question! Everyone’s circumstances do vary, but there are a few scenarios that we see on a regular basis.

Pursuant to the Federal Trade Commission (FTC) rules, all individuals in the United States are entitled to one free credit report each year from each of the three credit reporting agencies, Equifax, Experian, and TransUnion. The ONLY WAY to get your actual, true free credit reports is from www.annualcreditreport.com

While there are time limitations for receiving a second discharge, in bankruptcy there are other ways to protect your home under the bankruptcy code. Let’s address the time limitations first. If you received a discharge under Chapter 7, you will not be eligible to file another Chapter 7 case in which you will receive a discharge until 8 years after the first case was filed. To receive a discharge under Chapter 13, you must wait 4 years after filing for Chapter 7 before you file the new case.