Southhaven Legal Issues Blog
Student loans, bankruptcy and undue hardship
If you have student loans, you are not alone. In fact, roughly 45 million Americans have outstanding education-related loans. The balance on these loans is an astounding $1.56 trillion, with the average borrower owing nearly $33,000. Even though student loans were...
Protecting your home from creditors with a homestead exemption
Many people consider their home a source of stability. Knowing that you have a comfortable place to return to after a long day and a space in which to safely store your belongings is undoubtedly a high priority for your family. When you experience financial troubles...
Do you qualify for mortgage modification?
If you are struggling with unpaid debt and own a home, you have likely considered both mortgage modification and bankruptcy. In fact, individuals can file a bankruptcy case and apply for mortgage modification. These are the factors your home loan provider will review...
5 tips for avoiding mistakes when filing for bankruptcy
Chances are you are not familiar with the bankruptcy process and all you want is for the whole event to go smoothly. Here are five mistakes you can easily avoid to make that happen: Having an incomplete list of creditors Remember that the law requires you to list...
What do you gain from declaring bankruptcy?
Bankruptcy is a court decree that declares organizations or individuals unable to pay their bills or debts, thus legally eliminating their obligation to settle outstanding liabilities. The court arrives at the decision after the judge and court trustee carefully...
When should I file for bankruptcy protection?
Many people consider bankruptcy protection as the last resort. It remains on your credit report for up to 10 years, depending on which chapter you file. It can be a difficult yet wise decision if you are struggling to make ends meet. Here are a few signs that may...
Could filing bankruptcy be a good thing for your credit?
Deciding to file bankruptcy is a big decision. It is one you cannot make lightly without considering all the consequences and how filing for bankruptcy in Mississippi will affect you in the years to come. While filing may help you to take care of the problems you...
Qualifying for lien stripping when filing for bankruptcy
Taking out a second mortgage may have seemed like a reasonable financial solution at the time, but as your debt level has risen, it may now represent an unmanageable burden. Bankruptcy may offer you an opportunity to eliminate your second mortgage through a process...
People have rights when dealing with debt collectors
Debt is a reality for millions of people living in Mississippi and across the country. According to the National Consumer Law Center and the Consumer Federal Protection Bureau, 70 million people nationwide interacted with a debt collector during the year 2017. One...
Financial management during bankruptcy
Bankruptcy can be a beneficial tool when you utilize it properly. Also, in order to reap the benefits, you must complete all necessary aspects of the process. Therefore, it can be helpful to understand the key aspects of the bankruptcy process before you begin....
