Most of my clients come to me after a garnishment has been sent to their job. A few come to see me as soon as they are served with the lawsuit. I wish they would come to see me on the day they get sued, but that is not always practical.…
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…
Yes and no. Student loans cannot be discharged in a Chapter 7 or Chapter 13 bankruptcy (unless you can establish substantial hardship). Changes to the US Bankruptcy Code in 2005 even made private student loans non-dischargeable. BUT – a Chapter 13 does allow you to decrease or stabilize the repayment of your student loan…
A debtor must establish a substantial or undue hardship in order to receive a discharge (debt wiped out) of student loan debt in a Chapter 7 or Chapter 13 bankruptcy. Undue hardship typically means that you cannot maintain a minimally adequate standard of living and repay the loan. The rule, found in…
Payday loans are also referred to as cash advance loans, delayed deposit loans and deferred presentment loans. In a payday loan, a borrower writes a check to a lender in exchange for a short-term cash loan. The lender does not cash the check until the borrower’s next payday, up to…
Yes. Payday loans are classified as unsecured debt. If you cannot repay your payday loans, consult with an experienced bankruptcy attorney immediately to discuss your legal options.
We vowed we would repeat our win in 2012 and (drum roll please) – we did!!! Our race team had a great time – some ran, some walked, but all made it to the finish! We hope you enjoy the pictures below. We continue to challenge all our fellow Jacksonian lawyers to join us as we pink…
Frank with Kevin Farrell, the Host of Money Talks Truth Behind Bankruptcy Air date 04/03/12 To listen to the full hour interview – click here to see all episodes. Attorney Frank Coxwell joins the show to tell the truth behind bankruptcy. Does it ruin your credit and life or save…
This year I have the priviledge of participating in Millsaps College Continued Education program – 2012 Spring Enrichment Series that is open to the public. I will be hosting two sessions under the section “Money & Business”. Click here to register “Who Owns your Home? Mortgage Securitization in Mississippi” will be…
Mississippi is leading when it comes to mortgage delinquencies. In October 2011, there were more homeowners in Mississippi behind on house notes than in any other state of the union. The Mortgage Bankers Association reported that there are 4.2 million homeowners across the nation more than 90 days late on…