MISSISSIPPI BANKRUPTCY LAW
Bankruptcy is a federal court process designed to help consumers and businesses eliminate their debts or repay them under the protection of the bankruptcy court. Bankruptcy cases are always filed in the United States Bankruptcy Court, but cases depend heavily on state and local laws. It is up to your bankruptcy attorney to be aware of the federal, state and local laws and to guide you through the process.
If everything you try fails and the bill collectors are still coming after you, bankruptcy is an option you should learn about and consider. However, you need someone you can trust. Our Mississippi law firm has been handling bankruptcy cases since 1986. Don't believe all the myths and misinformation you hear about bankruptcy from your friends or the tv. We know what rights you have in a bankruptcy case and we can help you make the best decision for your situation.
Most people wait too long to seek help for their debts and end up in a more difficult position than they would have been. They ignore the red flags that are warning them of financial disaster. Some of these red flags include struggling to make your minimum payments, borrowing from one card to pay another, tapping your retirement accounts to pay your debts, getting behind on your rent or mortgage, threats of foreclosure or repossession, and constant debt collection calls and notices. Give us a call early on and get the facts and information you need to decide what is best for you. We give everyone a free consultation.
TYPES OF BANKRUPTCY
There are four basic types of bankruptcy:
Also known as straight bankruptcy, it is the fastest, easiest and least expensive kind of bankruptcy.
This reorganization is used primarily by businesses but also by people with unsecured debts higher than $360,475 or secured debts of more than $1.08 million.