A bankruptcy estate is the entirety of assets or property rights that can be administered by the court in a bankruptcy case. The estate is created once a bankruptcy case is filed, and it includes all interests of the debtor in any kind of property.
Essentially this means that when a bankruptcy is filed, a
Latest from Mississippi Consumer Help Blog
Americans In Record Debt – Credit Card Debt Passes $1 trillion
Americans are in record debt – for the first time ever, credit card debt passes $1 trillion! Along with the skyrocketing of the country’s national deficit, a debt crisis is hovering over the private sector. New information shows Americans are more in debt now than at any point in history. According to the Federal Reserve,
Student Loan Payment Freeze Ending -What Now?
As a result of legislation enacted by Congress, the student loan payment freeze is ending. Student loan interest will resume Sept 1, 2023. For most, payments will be due in October 2023. It is expected that nearly half of borrowers are unable to begin making payments again. Many people are simply not in a
Managing Your Money: Step One to Building Credit
Managing your money: Step one to building credit. It may seem like a step backwards, but before you can build and/or rebuild your credit, you must first make sure you have laid a solid financial foundation based on proper management of your money. You must be able to manage what you have before you can
How can I stop an Order of Replevin?
How can I stop an Order of Replevin? If someone has received an Order of Replevin, (a legal procedure used to recover property) it probably is for property used as collateral on a loan or being purchased through a loan agreement by that person. The lien holder desires to repossess the property (car, furniture, mobile
Repossession vs Replevin
Repossession vs Replevin – what is the difference? Click here for definition of Repossession. A Replevin is basically the repossession of collateral (ie: vehicle, furniture, etc) that could not be done without breaching the peace (ie: car locked in garage, furniture locked in house, etc) so the creditor seeks help from the court and
MS Statutes of Limitations on Civil Matters
MS
Statutes of Limitations on Civil Matters – MS Code § 15-1
Of course this 2013 MS Code Title 15 – Limitations of Actions and Prevention of Frauds § 15-1 covers more than just civil statutes, but for the purpose of this discussion, we will focus only on civil statutes, and even more specifically, collection
How late can I be before repossession will happen?
We get asked this question a lot. I mean A LOT. There is no law that states your property cannot be repossessed unless you are a certain amount of time behind. You can be 1 day behind or 4 months behind. The lender is the one that decides when to take that action and they
What if I can’t pay my car loan?
Many Americans are asking lately “What if I can’t pay my car loan?” First of all, you’re not alone in the struggle. If you’ve missed car payment or two recently – or worry you might miss one soon – you have options. Typically, missing a car payment will damage your credit score or even lead
Mississippi Repossession Law
Mississippi Repossession Law allows “self-help” repossession. It states that your possessions can be repossessed under the following conditions:
- You signed an agreement and used the property as collateral for the loan.
- You failed to honor the terms of the loan agreement (note: the property may be put up for repossession immediately).
- Many lenders will have