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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

 

 

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...

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...

Consumers who are considering filing bankruptcy are faced with a lot of questions and are often not sure what the advantages could be- if any. Besides the obvious advantage of not having the debt that hangs over their head everyday, are their any other advantages of po...

There comes a time when many people have no choice but to seek bankruptcy protection from their creditors. If going through a debt consolidation specialist does not result in payments low enough to maintain a reasonable standard of living. When debts are overwhelming,...

When you face repossession of your home or your car, you may need to declare bankruptcy to save them. If creditors have a valid lien or mortgage on either your vehicle or you real estate filing bankruptcy will temporarily stop any repossession or foreclosure process.

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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...

Many people struggle with the decision to file bankruptcy. Usually this is because they have misconceptions about bankruptcy in general. Basically, bankruptcy is a legal way to level the playing field between an individual debtor and creditors. It is a legal proceeding...

There are many things to consider when you are going into bankruptcy. One important thing that you might not be aware of is that most of the bankruptcy options are going to give you a public record bankruptcy. A public record bankruptcy means that your bankruptcy is go...

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...

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