FOLLOW US:

  • w-facebook
  • Twitter Clean

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

 

 

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...

The main purpose of bankruptcy laws is to give people hopelessly overburdened with debt a financial fresh start. Bankruptcy filings are public records. However, under normal circumstances, no one will know about the bankruptcy. Credit Bureaus will maintain a record of...

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...

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.

...

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...

Please reload