On behalf of O'Brien Law Firm, LLC | Nov 6, 2019 | Chapter 13
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...
On behalf of O'Brien Law Firm, LLC | Oct 29, 2019 | Chapter 13
At the end of 2018, Americans owed credit card companies roughly $900 billion. However, the Consumer Financial Protection Board says that Mississippi residents and others throughout the country aren’t necessarily in a perilous financial situation. Currently,...
On behalf of O'Brien Law Firm, LLC | Aug 14, 2019 | Chapter 13
A person in Mississippi who has an open Chapter 13 bankruptcy may be able to get a vehicle loan, but there are several steps that must be taken to do this. Moving ahead without getting the approval of the court puts the bankruptcy itself in jeopardy. The person could...
On behalf of O'Brien Law Firm, LLC | Aug 6, 2019 | Chapter 13
People in Mississippi who are struggling to pay off their debts might consider bankruptcy as an option to reduce or eliminate them. For most individual filers, there are two options when it comes to filing bankruptcy: Chapter 7 and Chapter 13. It is important to know...
On behalf of O'Brien Law Firm, LLC | Jul 5, 2019 | Chapter 13
Some people in Mississippi who are struggling with debt might want to consider filing for Chapter 13 bankruptcy. This can allow a person to keep some of his or her assets. In a Chapter 13 bankruptcy, an individual works with the court to create a payment plan for...
On behalf of O'Brien Law Firm, LLC | Mar 27, 2019 | Chapter 13
Mississippi residents who are having trouble paying off debts might look to the bankruptcy system for relief. For most individual filers, there are two options, Chapter 7 and Chapter 13. There is a limit on how much debt a filer can have if they want to file...
On behalf of O'Brien Law Firm, LLC | Feb 14, 2019 | Chapter 13
People in Mississippi who have fallen behind on their mortgage payments face the possibility of foreclosure. While some lenders are open to loan modifications or short sales to satisfy the debt, many are not. Many lenders will begin foreclosure proceedings, which can...
On behalf of O'Brien Law Firm, LLC | Jan 8, 2019 | Chapter 13
Overall, the nation’s economy is in relatively good shape. This means that unemployment rates are down throughout much of Mississippi and the rest of the United States. However, there is a somewhat new phenomenon that is showing a darker financial picture for...
On behalf of O'Brien Law Firm, LLC | Dec 19, 2018 | Chapter 13
A Mississippi debtor who successfully files for Chapter 13 bankruptcy will go on a payment plan that lasts for three or five years. Payments are made to a trustee, and the trustee then distributes the payments to creditors. How much that has to be paid is based on the...
On behalf of O'Brien Law Firm, LLC | Oct 30, 2018 | Chapter 13
Debt can be a significant source of stress for both men and women in Mississippi. However, data collected by Comet Financial show that women carry higher debt loads than men on average. The average student loan balance for women was $30,716 while men owed amounts that...
