July 2015 Archives

Even Mississippi millionaires can benefit from bankruptcy

Most Southaven residents probably associate personal bankruptcy with individuals struggling with their finances. Indeed, Chapter 7 or Chapter 13 bankruptcies help debtors take charge of their finances and confront difficult situations. However, not everyone who struggles with debt is low-income. Even Mississippi millionaires and other high earners can find themselves filing for bankruptcy to achieve a fresh start.

Under threat of forfeiture? Don't delay in seeking help

One of the most understandable responses to overwhelming stress is to avoid dealing with the issue. Particularly when it comes to personal finances, many Mississippi residents are likely to put off thinking about the problem until it becomes so severe that they have no choice. For those who feel they are sinking under the weight of their financial problems, there is help available.

What must filers do to complete the Chapter 13 process?

Obtaining a fresh financial start in Mississippi is possible, but it often seems like an extremely complicated task. Those who are considering Chapter 13 bankruptcy as a way to gain new financial footing may be interested in knowing the steps to the process. While each individual's case is unique, there are several general steps that most filers must take in order to declare this type of personal bankruptcy.

The perils of starting a relationship shackled to debt

With summer well underway, many Southaven residents have probably attended, or will attend, their fair share of weddings this season. Weddings and marriages are happy occasions, of course, but they can also be occasions ripe for serious discussions about the future. Since one of the topics couples tend to frequently fight over is money, it can be helpful to discuss finances with one's partner before tying the knot.

Benefits of eliminating debt

Anyone who has struggled with debt knows the huge emotional toll that such a struggle can take. Debt, particularly overwhelming debt, can cause a person to feel understandably trapped, depressed and under extreme stress and pressure. However, eliminating debt and taking care of one's creditors can provide significant psychological benefits to counteract the accumulation of immense stress.

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