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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

 

 

There are technically six types of bankruptcy proceedings, Chapters 7,9,11,12,13 and 15 but only three that you are likely to have contact with; Chapter 7,11, and 13.

  • Chapter 7 is straight out old-fashioned liquidation bankruptcy.

  • Chapter 11 is busine...

Bankruptcy has become a kind of "quick fix" for debt that has gotten out of hand. Many people think it is easy to wipe the slate clean and get rid of debt by going bankrupt. It isn't that easy, however, and it should only be used as a last resort.

The actual procedure f...

Filing for bankruptcy is a scary and challenging thing. There are many laws that you must follow exactly in order to correctly file your bankruptcy, not to mention understanding each of the separate types of bankruptcy you can file. For someone that does not have any e...

Bankruptcy occurs when a process is initiated whereby a debtor obtains court ordered relief from having to pay off his or her debts. It can be of great use in certain cases, but is not advisable for use by everyone that faces financial difficulties. In fact, there is n...

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...

Being insolvent is one of the worst situations a person can find himself in. The threat of foreclosures, or losing one’s home and valued possessions looming over one’s head would cause sleepless nights. This predicament would force a person to grasp any possible soluti...

Are you facing financial troubles? Have you tried to alleviate your debts by working with the companies, but not succeeding? There are many reasons for a person to enter into financial difficulties. It is possible that you or a spouse has lost a job, you have medical b...

Nobody likes to get phone calls from collection agencies.  Despite laws intended to protect consumers from harassment, most collection agencies make you very uncomfortable when they’re trying to get the money from you and will call you several times a day.  If you have...

Regaining your financial health can seem impossible and overwhelming. If you take it one step at a time the process can be not nearly as complex as most of us choose to believe. Your first step would be to contact your creditors. Explain your situation and ask about pa...

Banks are in lending money business and not in real estate business and the last thing they want is to end up owning another piece of real estate. Knowledge is one of your greatest allies in a bank foreclosure proceeding.

When you buy a home by borrowing money from a fi...

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