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Specializing in Bankruptcy Law since 1982

Wessler Law Firm located at 1624 24th Avenue in Gulfport, MS proudly provides legal services to the Misssippi counties of Jackson, Harrison, George, Stone, and Pearl River, including the cities: Gulfport, Biloxi, Long Beach, Picayune, Gautier, Pascagoula, Moss Point, Ocean Springs, Wiggins, Poplarville, Pass Christian, Lucedale, Bay St. Louis.

 

Wessler Law Firm: Bankruptcy Blog

 

 

When financial crisis is on the horizon, it’s time to find a professional qualified to help you through the trying process of financial rehabilitation. Consider the following points when making the decision to enlist a bankruptcy attorney:

1. Free Consultation

For ba...

FIRST CONSIDERATIONS:

Filing Bankruptcy should always be considered as a last resort. For individuals, a bankruptcy filing will remain on their credit record for 10 years. When a bankruptcy is filed the law requires full disclosure of the debtor’s finances, including a...

If you currently have unbearable debts and are thinking "I can wipe my statement and credit report by declaring bankruptcy," sleep on that thought for a while, as there may be other options available. Try to improve your situation before you investigate the bankruptcy...

Chapter 13 of the bankruptcy code gives debtors the opportunity to repay some or all of the debts that are in their name, in better terms, lower or no interest. Debtors have the ability to use income they have in the future to pay off creditors.

How Chapter 13 Works

A ti...

People living with debt that they can’t handle have a few options to choose from. They can contact a debt or credit counsellor and try to work out a debt settlement plan. If this don’t work, bankruptcy is the ultimate option. Unfortunately there may come a time in your...

Most consumers have heard of Chapter 7 bankruptcy but there is another type known as Chapter 13. This article details some of the differences between the two and how they may affect someone who has to file.

There are many differences between Chapter 7 and Chapter 13,...

Changes in the bankruptcy laws have left many to erroneously think that they can no longer declare bankruptcy. This is not true. 

A Chapter 7 bankruptcy can also be referred to as liquidation; although with most cases there is little if any actual liquidation involved...

The Bankruptcy Abuse Prevention and Consumer Protection Act was became effective on October 17, 2005 (except for a few provisions). This amendment to the Bankruptcy Code is a major revision of the 1978 Bankruptcy Code and deals mainly with consumer bankruptcy. It was p...

Under pressure from retailers and other companies claiming losses from increased bankruptcy filings, Congress took steps a few years ago to make it more difficult for individuals to file for bankruptcy. Initially, bankruptcy laws were designed to help people, whose fin...

Bankruptcy is defined as legal situation in which a debtor cannot fulfill their monetary obligations. Debtor bankruptcy is when the person who owes the money files for it. There are six types of debtor bankruptcy, but the two most common are Chapter 7 and Chapter 13. C...

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