Most individuals will qualify to file for Chapter 7 regardless of the amount of debt. However, income must also be considered when filing for Chapter 7 bankruptcy. For example, if disposable income is sufficient to fund a Chapter 13 repayment plan — which is determined by your attorney completing what…
Despite everybody’s opinion that the economy is getting better, one thing is for sure – if you’re living from paycheck to paycheck, things are tough no matter what they say. If you suffer an illness, pay cut, or lose your job and miss a week (or heaven forbid several weeks)…
There are many types of bankruptcy, but only two types that most Mississippi residents would be interested in. Chapter 7 is what people refer to as total bankruptcy, liquidation or complete bankruptcy. Where a Chapter 13 proposes a plan to repay your creditors over set period of months, Chapter 7…