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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

 

 

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...

Bankruptcies can be called “reorganizations” or ‘liquidations”, depending on which type of bankruptcy you decide to do. Both a “Chapter 7″ and a “Chapter 13″ bankruptcy are federal court processes that are meant to assist businesses or consumers to get rid of their deb...

When an individual files bankruptcy they are required to take a credit counseling course. Credit counseling must be completed through an agency that is approved by the United States Trustee’s office before any person or business entity will be entitled to file for a Ch...

If you think that being bankrupt is the worst thing that could happen to you, think again. Hiring the wrong attorney to handle your bankruptcy case could create an even bigger nightmare! Don't stress though -- this is a preventable scenario. Before hiring, you should d...

In Mississippi as well as in other states there are lawyers specialized in bankruptcy. Unfortunately bankruptcy is the only solution for many people. After struggling for months, maybe years and after trying all other less radical solutions of their debt problems, they...

When a person is faced with the mounting debts that they cannot pay, they may find that filing bankruptcy is unavoidable. Dealing with bankruptcy is not easy, and you may feel that there will be a permanent stain on your financial record. While this procedure will rema...

Secured or Unsecured?

When looking for a credit card after bankruptcy, you may receive piles of credit card offers from different companies, and choosing the right card can be a daunting task. The most important question that comes to mind is whether to go for a secured...

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...

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...

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...

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