Total Petitions- Your Bankruptcy Assistant

https://www.nytimes.com/2021/12/07/business/pandemic-savings.html

Americans’ Pandemic-Era ‘Excess Savings’ Are Dwindling for Many The drop in cash reserves has vast implications for the working class and could dampen consumer spending, a large share of economic activity.

https://www.washingtonpost.com/business/2021/11/30/cfpb-debt-collector-rules-facebook-instagram/

Perspective | New rule will allow debt collectors to track you down on social media Federal regulators have given debt collectors the okay to pursue debtors via email, text messages and social media sites.

https://www.fanniemae.com/here-help-homeowners/you-dont-have-repay-forbearance-amount-all-once-upon-completion-your-forbearance-plan-get-facts?fbclid=IwAR2bP4zaJDnWVAVtsUSIUaBOuej2XQLmQzU4JtNiOgWoZUbrTOTDH6bMKAE

You don’t have to repay the forbearance amount all at once upon completion of your forbearance plan: Get the facts | Fannie Mae The Google Translate feature is a third-party service that is available for informational purposes only. Fannie Mae is unable to guarantee the accuracy of any translation resulting from the tool and is not responsible for any event or damage that occurs as a result of using the translations generate...

https://www.inquirer.com/business/biden-plan-cancel-student-loan-debt-bankruptcy-education-college-20210127.html

Biden’s plan to fix student loans puts spotlight on debt cancellation and easier bankruptcies Out of all the ideas to help student loan borrowers, bankruptcy may be the easiest, but debt cancellation sounds politically expedient.

https://www.forbes.com/sites/advisor/2020/09/23/after-the-covid-19-deluge-a-bankruptcy-tidal-wave/

After The Covid-19 Deluge, A Bankruptcy Tidal Wave? As Covid-19 continues to drive the U.S. economy, will personal bankruptcy filings increase? There are at least two schools of thought here in 2020.

Children's retailer Gymboree files bankruptcy, closing up to 450 stores Children's clothing chain Gymboree filed for Chapter 11 bankruptcy protection late Sunday, aiming to slash its debts and remain in business amid crushing pressure on retailers.

Are you facing losing your car? Do you have “too expensive car” problem?
Here is what you need to know:
Call 228-215-3584 to get the help you deserve.

Bankruptcy and Car Loans

Personal bankruptcy offers a number of options to address this “too expensive car” problem. The easiest choice would be to use the power of bankruptcy to cancel contracts and surrender your vehicle back to the lender. In a Chapter 7, any deficiency balance will be discharged as an unsecured debt, and in a Chapter 13, any deficiency balance will be paid as an unsecured debt, often at pennies on the dollar – if the lender even bothers to file a proof of claim.

Another option would be to use the cram down provision in the Bankruptcy Code to restructure your vehicle installment loan as part of a Chapter 13 bankruptcy. Applicable if your loan originated more than 910 days (about 2 ½ years) prior to filing, a Chapter 13 cram down allows you to modify the interest rate (usually) and to reduce your outstanding principal balance to equal the fair market value of your vehicle.

If you owe substantially more than the value of your vehicle, this cram down can save you thousands of dollars.

Even if you cannot cram down your loan, you can still reduce your monthly payment by including the unpaid balance in your Chapter 13 plan and setting a payment to the vehicle lender that fits your budget. You are not obligated to pay the contract rate to the vehicle lender in a Chapter 13.

Call Tucker Legal Clinic today @228-215-3584 for a FREE consultation.

Puerto Rico files for biggest US municipal bankruptcy Puerto Rico has filed for bankruptcy to deal with its $73 billion debt. It would be the biggest municipal bankruptcy ever in the US.

No. 1 source of personal bankruptcy filings in the U.S., and in 2014, an estimated 40% of Americans racked up debt resulting from a medical issue.

This Is the No. 1 Reason Americans File for Bankruptcy -- The Motley Fool Hint: It's not always avoidable.

http://www.bankrate.com/finance/debt/bankruptcy-timeline-rebuilding-credit-1.aspx

Bankruptcy Timeline: Rebuilding Credit | Bankrate.com It takes time to rebuild your credit after filing for bankruptcy. Here's how to restore your credit score and get your debt under control.

Consumer credit accelerates again as credit-card debt tops $1 trillion Consumer borrowing reaccelerated in February, the Federal Reserve reported Friday.

http://bankruptcy.lawyers.com/consumer-bankruptcy/how-to-strip-a-lien-off-your-mortgage-in-chapter-13-bankruptcy.html?utm_source=facebook&utm_campaign=bankruptcy&utm_medium=post

How to Strip a Lien off Your Mortgage in Chapter 13 Bankruptcy - Lawyers.com If you have more than one mortgage on your house and you owe more than what it's worth, you might be able to get rid of a junior mortgage in Chapter 13 bankruptcy.

https://www.nacba.org/chapter-13-debtor-eliminate-lien-vehicle-even-loan-co-signer/

Chapter 13 Debtor Could Eliminate Lien on Vehicle Even where Loan had Co-signer - NACBA Chapter 13 Debtor Could Eliminate Lien on Vehicle Even where Debt had Co-signer

The IRS Is Now Using Private Debt Collectors; Here's What You Need To Know After years of warning taxpayers that the IRS will never cold call you to collect a tax debt, things are about to change as the IRS begins handing over some of its debt-collection work to private f...

Your Household Clutter Is Costing You a Bundle 6 ways to get organized and save yourself some dough

Americans are dying with an average of $62k of debt

What happens to your debt when you die? Americans are dying with an average of $62,000 of debt.

http://www.marketwatch.com/story/these-lawyers-may-have-discovered-a-way-to-wipe-away-student-debt-in-bankruptcy-2017-02-13?mod=mw_share_facebook

These lawyers may have discovered a way to wipe away student debt in bankruptcy Federal student loans are exempt from discharge in bankruptcy — or are they?

Health Care Costs Number One Cause of Bankruptcy for American Families The cost of health care is a major concern for nearly all Americans and there is no shortage of health care related news coverage recently. Understandably, there are lots of questions and forecasts about what might be about to happen. Will the Affordable Care Act a/k/a “Obamacare” be repealed? Will ...

Trump says administration will 'be doing a big number' on dodd-frank President Trump said his administration will do a "big number" on Dodd-Frank as he signs an executive order to roll back regulations.

Judge certifies class in lawsuit challenging PACER fees The suit alleges the federal court system substantially overcharges for online access to dockets and documents.

Mississippi ABA Free Legal Answers is a website operated by the American Bar Association (ABA) and by an entity or entities in the state where the client lives. The purpose of the website is to increase access to advice and information about non-criminal legal matters to those who cannot afford it. There is no…

Why you're going to see a lot more medical bankruptcy without Obamacare Consumer Bankruptcy Law Firm owner Daniel Gershburg reminisces about the Obamacare years.

2 Major Credit Bureaus Owe Consumers $17.6 Million. Do You Qualify? Everybody makes mistakes, but Equifax and TransUnion have really made some big ones. Now, the two credit reporting agencies owe consumers millions. Are you one of them?

The Mississippi Bar: Volunteer to be a Judge © 2016 The Mississippi Bar | 643 North State Street | Jackson, Mississippi 39202 | Phone: (601) 948-4471 | Fax: (601) 355-8635

Why more borrowers are falling behind on their credit cards Several factors are causing Americans to miss payments on their plastic and on car loans