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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.

You are not required to have an attorney to file bankruptcy and you are permitted to prepare your petition yourself or pay someone to prepare the documents for you. You should be very careful with trying to represent yourself or trusting another non-attorney to prepare your petition. Quite often, those that wish to represent themselves have to attend multiple hearings that are unnecessary had they just filed the petition correctly from the beginning.

This question, or some form of it, is asked by virtually every person that comes in to see us to discuss their financial problems. The answer is usually fairly simple. By the time they have come in to see us, their credit is already ruined! This doesn't necessarily mean that they have a bad credit score. Some folks manage to keep making minimum payments each month. Unfortunately, this is often done by taking cash advances against another card and or borrowing money from a payday loan store.