September 2014 Archives

Can an employer "punish" a worker for bankruptcy?

The relationship between financial challenges and a Mississippi resident's work situation is often very close. If a person loses their job, their urgency in finding debt relief is bound to increase tremendously. If someone is being hounded by creditors, that person may be concerned that creditors will start tracking them down on the job. If a person files for bankruptcy, they may wonder what effect, if any, their decision will have on their employment situation.

Keeping your home and car under Chapter 7

Large amounts of personal debt aren't unusual nowadays, but the variation is often in each Mississippi resident's ability to pay back that debt. For residents of Southaven and surrounding areas, the answer to insurmountable debt is often Chapter 7 bankruptcy. Under this type of personal bankruptcy a debtor is able to make a fresh financial start via asset liquidation. Many wonder, though, if they may be able to file for Chapter 7 while still holding onto their home or their car.

Nationwide credit card delinquencies stabilize

The financial picture of most Mississippians has likely changed in the past several years. Some may be in the process of tackling student loans after graduation, while others may be coping with lower-than-expected incomes or the fallout from layoffs during the worst of the recession. However, there is encouraging news on the financial front: the nationwide level of credit card delinquencies is at its lowest point in seven years.

Mississippi residents do not need to face repossession alone

There are countless reasons why a person may fall behind on bill payment. Perhaps a Mississippi employer laid-off a worker unexpectedly, or maybe the rising cost of living is simply too high. The culprit could be lingering credit card debt from financial errors that occurred years ago, or possibly insufficient knowledge when it came to student loans or home ownership. Whatever the reason, enough missed payments can send a man or woman into the realm of repossession or garnishment.

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