October 2014 Archives

Link between Medicaid status quo and bankruptcy

In many states across the country, the Medicaid expansion has brought forth both praise and criticism. Mississippi decided not to participate in the Medicaid expansion, and not surprisingly, this move has also had both supporters and detractors. Some believe that the state's refusal to expand the healthcare program will negatively affect struggling residents who have unpaid bills related to medical expenses.

What are the Mississippi Chapter 7 pros and cons?

The type of bankruptcy most individuals in Mississippi are likely to be familiar with, even if they have never declared bankruptcy themselves, is Chapter 7. Under Chapter 7 bankruptcy, many of a person's assets are liquidated to repay creditors. As a result, this type of bankruptcy is very attractive to those who struggle to cope with burdensome personal debt. On the other hand, some debtors may be hesitant to file since they worry about the credit-related drawbacks of this type of debt relief.

Filing for bankruptcy offers crucial legal protections

Any resident of Southaven is likely to have countless questions about individual bankruptcy, but one of the biggest is usually: is filing for bankruptcy right for me? There are pros and cons to any financial decision, personal bankruptcy included; like any major move, filing for bankruptcy is an action that can prove extremely beneficial, if done for the right reasons.

Get a truly fresh financial start via Chapter 13

For some people who are grappling with overwhelming debt in Mississippi, 13 may be their lucky number. This is because the type of personal bankruptcy known as Chapter 13 allows Southaven area residents to achieve a fresh financial start. An individual can re-structure their financial situation in a manner that will produce long-term gains.

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