5 Reasons You Should Avoid Bankruptcy Hernando MS

When people get into financial trouble, they generally look for the least destructive option that they can find to help them get back on track. This is quite obvious, and it's no wonder that so many people put bankruptcy off until the last second. Here are some of the most common reasons that people should avoid bankruptcy.

Total Bankruptcy has a participating attorney in OLIVE BRANCH
(866) 525-2557
5540 Goodman Road
OLIVE BRANCH, MS
Description
Take control of your finances today! We have an extensive nationwide network of local, sponsoring bankrupcty attorneys. Call to discuss your options for stopping creditor harassment. We also have information on filing for chapter 7 and chapter 13 bankruptcy. Personal bankruptcy may be an option for you. Call today!
Phone Hours
SUN - SAT 12:00AM - 12:00AM

Michael E. New
(901) 751-3777
7700 Poplar Avenue, Suite 212
Germantown, TN
 
Boyd Law Office
(662) 349-0026
7075 Golden Oaks Loop W
Southaven, MS

Data Provided by:
Total Bankruptcy has a participating attorney in PASCAGOULA
(866) 525-2557
3012 Canty Street
PASCAGOULA, MS
Description
Take control of your finances today! We have an extensive nationwide network of local, sponsoring bankrupcty attorneys. Call to discuss your options for stopping creditor harassment. We also have information on filing for chapter 7 and chapter 13 bankruptcy. Personal bankruptcy may be an option for you. Call today!
Phone Hours
SUN - SAT 12:00AM - 12:00AM

Andrew Steven Cardwell
(601) 649-3240
442 North Sixth Avenue, Post Office Box 131
Laurel, MS
Specialties
Bankruptcy, Probate
Education
Mississippi College School of
State Licensing
Texas

Jean W. Mercer
(901) 396-2121
1450 Brooks Road
Memphis, TN
 
Lemeh & Trammell PLLC
(901) 672-7435
5762 Rayben Circle
Memphis, TN
 
Total Bankruptcy has a participating attorney in BILOXI
(866) 525-2557
178 Main Street
BILOXI, MS
Description
Take control of your finances today! We have an extensive nationwide network of local, sponsoring bankrupcty attorneys. Call to discuss your options for stopping creditor harassment. We also have information on filing for chapter 7 and chapter 13 bankruptcy. Personal bankruptcy may be an option for you. Call today!
Phone Hours
SUN - SAT 12:00AM - 12:00AM

Total Bankruptcy has a participating attorney in RIDGELAND
(866) 525-2557
774 Avery Blvd, Ridgeland MS 39157
RIDGELAND, MS
Description
Take control of your finances today! We have an extensive nationwide network of local, sponsoring bankrupcty attorneys. Call to discuss your options for stopping creditor harassment. We also have information on filing for chapter 7 and chapter 13 bankruptcy. Personal bankruptcy may be an option for you. Call today!
Phone Hours
SUN - SAT 12:00AM - 12:00AM

Tristan R. Armer
(228) 762-8021
711 Delmas Ave
Pascagoula, MS
Specialties
Workers Compensation, Bankruptcy, Litigation
State Licensing
Alabama, Mississippi

Data Provided by:

5 Reasons You Should Avoid Bankruptcy

Provided By: 

When people get into financial trouble, they generally look for the least destructive option that they can find to help them get back on track. This is quite obvious, and it's no wonder that so many people put bankruptcy off until the last second. Here are some of the most common reasons that people should avoid bankruptcy if they possibly can:

-If you are asked about filing bankruptcy on your job application or loan, you are obligated to say yes. It doesn't matter if it's been three years or 30, because answering no at anytime is considered a criminally fraudulent act.

-Bankruptcy stays on credit reports for up to 10 years, and today's fast-paced world doesn't have the time to wait 10 years for your credit to improve.

-Bankruptcy brings a lot of emotional baggage with it. There are many common responses in people who have filed bankruptcy about their emotions that include stress, anxiety, guilt, and even a sense of failure. Financial stress is hard enough, but bankruptcy might be enough to put people over the edge.

-Employers are checking credit reports. Applicants with bad credit could be perceived as irresponsible and therefore less desirable to hire. You might not be able to get the job that you want because of your bankruptcy filing, so make sure that the short-term relief doesn't cost you your future.

-Every state has an average income. If you earn above that mark, you will generally fall into the category of consumers that file Chapter 13, not Chapter 7. Chapter 13 requires you to get involved in a 3-5 year payment plan that is court mandated and will make you use all of your disposable income to repay your debts over the term of the program. Plus, even though you are repaying your debts, the bankruptcy still shows up on your credit report, negatively affecting your credit for up to 10 years after the payment program is completed.

These are some very important things to consider when it comes to filing bankruptcy. You need to make sure that you take the time to weigh the options and seek professional assistance to determine which debt relief options are best for you.

 

Click here to read more from Epic Debt Relief

© 1996-2010

Contemporary Media
460 Tennessee Street, 2nd Floor | Memphis, TN 38103
Visit our other sites: Memphis Magazine | Memphis Parent | Memphis Business Quarterly
Powered by Foundation