If you are in a bankruptcy chapter 13 case and are involved in a car accident, it is so important for you to follow the proper steps required by the Bankruptcy Court. It doesn’t matter if your vehicle was totaled or not, there are steps we must take to handle…
The protection available to you when you file bankruptcy is immediate and automatic. The moment you file, whether it is a Chapter 7 or a Chapter 13 bankruptcy case, the court places you under it’s protection. Both your income and property are completely sheltered from any creditor seeking to repossess,…
Cheap Lawyers are everywhere, but you may not be able to afford them. You can see a lot of lawyers bragging about being the cheapest. Search on the web and you will see ads for “Cheap Bankruptcy Attorney,” “Low Fee Bankruptcy.” We all know that quality and cheap don’t go…
Can you get credit after filing bankruptcy? Absolutely. Will you have to wait for ten years to get a house or a car? Absolutely not. Credit card companies will pack your mailbox with offers of credit. They want you back in the system using credit cards and carrying a large…
Mississippi is not a community property state and in most cases, a husband and wife are not responsible for each other’s debts. There are some exceptions, but they usually would only come up in a divorce or action between the husband and wife, not in a situation between the husband…
Many people believe they will lose their retirement money if they file for bankruptcy. This is not true. Many clients meet with me and state that they “cashed out their retirement and are ready to file bankruptcy.” This is not necessary. Retirement accounts and pension plans are fully…
If you are considering filing bankruptcy, you need to think about your savings and checking accounts. There are a couple of important reasons to change credit unions or banks before you file bankruptcy: First of all, many banks will freeze accounts that have your name on them as soon as…
If you are having trouble paying back your student loan debt, the Department of Education has options that will give you more protection from debt collectors collecting on federal education loans. These regulations should make it easier for you to get your federal student loans out of default. These rules…
I have been a member of NACBA (National Association of Consumer Bankruptcy Attorneys) for quite some time and was able to attend the 20th annual convention this year which was held in beautiful San Antonio, TX. I would strongly suggest that you bookmark the NACBA site as a resource for…
Frank Coxwell explains bankruptcy chapters & how to recover from bankruptcy. To listen to the program, click here I joined the Mississippi Public Broadcasting (MPB) show – Money Talks – on June 18, 2013 to discuss the topic of bankruptcy, what the different chapters have to offer consumers, and how to…