July 2014 Archives

Single parents facing unique credit card debt challenges

Being a single parent is almost always financially tougher than making ends meet with a partner. Despite Mississippi's relatively low cost of living, the economy is still far from fully recovered. At the same time, divorces and separations that happen, regardless of economic circumstances, can certainly have an economic impact. Pew Research has noted that there were 8.6 million single mothers who were acting as the sole or primary earner in their families in 2011.

Threat of repossession accompanies subprime auto loans

Buying a car is usually an exciting time in any Mississippian's life. Still, if one's finances aren't in shape beforehand, or if a buyer encounters tough financial circumstances, they and their car could be in danger of repossession.

Debt repayment timing can answer question of bankruptcy

Two of the most common questions surrounding bankruptcy are whether or not a person should file in the first place and, if so, what type of bankruptcy he or she should declare. One extremely important consideration when it comes to personal bankruptcy in Mississippi is the matter of timing. There are countless other factors, of course, that should go into such a serious decision. Nevertheless, the timing of debt repayment and the filing itself is of the utmost importance in answering bankruptcy-related questions.

Chapter 13 can subdue overdue tax liabilities

Tax season has come and gone for most Mississippians, but this time of year there are bound to be some state residents still trying to pay off their tax debt from the previous year. Some are able to get a handle on the problem simply by filing for an extension with the Internal Revenue Service. For others, though, their financial challenges may be so great that Chapter 13 bankruptcy may be the most appropriate option.

Will private student loans become dischargeable in bankruptcy?

Many residents of Mississippi have likely heard plenty about the U.S. student loan crisis. Estimates regarding the current amount of outstanding student loan debt place the number at around $1.1 trillion. More and more Americans have been seeking a college education, but swiftly-rising tuition prices and a struggling economy have combined to put student loans on many graduates' list of unpaid bills. Unlike other forms of debt, though, such as credit card debt or mortgage debt, student loan debt is currently not dischargeable through personal bankruptcy, with very few exceptions.

Office Location

7160 Tchulahoma Road Suite A5
Southaven, MS 38671

Toll Free: 888-341-8136
Phone: 662-655-1605
Fax: 866-267-5360
Southhaven Law Office Map

Review Us

REACH US BY PHONE