T.K. BYRNE, Attorney in Mississippi- Jackson and Surrounding Area 601.925.9482

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FAQ: Bankruptcy
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CHAPTER 7:

DEBT LIQUIDATION

Eliminate credit card debt, medical bills, unsecured loans and many other financial obligations. To retain your house and/or automobile you need to remain current with your house and/or car payment.  

You will be permitted to retain all of  your exempt real and personal property such as your home or home equity, and personal property such as your car, furniture and house hold goods, IRA"s, Pension, tools of the trade etc. within Mississippi Statutory allowances.

The greatest advantage in filing a Chapter 7 bankruptcy will be the immediate relief from harrassing creditors and the opportunity to get a fresh start.

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CHAPTER 13:

DEBT CONSOLIDATION

Chapter 13 bankruptcy is designed to help those  who are behind with their mortgage payments and/or car payments with a regular income.  A chapter 13 allows the debtor to keep all of their property

A Chapter 13 is beneficial - AThe advantage of filing a Chapter 13 bankruptcy is that it permits you to repay any mortgage, automobile arrearages and all your other debts through the life of  Chapter 13 bankruptcy.  

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