Common misconceptions about bankruptcy
A financial coach recently shared some words of wisdom and destroyed some myths about bankruptcy. She emphasizes that personal bankruptcy does not means the end of a person's life, and they need to have all
Alternatives to foreclosure for high-value homes
In recent years, the number of homeowners unable to make their payments has grown significantly. In 2012, the bank eventually repossessed nearly 85 percent of average homes where the owner was in default. Many Mississippi
Foreclosures dropping, but still a problem for many
The Mississippi Business Journal and other publications are reporting that home repossessions are dropping nationwide, plunging 29 percent last month when compared to February 2012. Banks repossessed just over 45,000 properties last month, an 11
Company may be sold after declaring bankruptcy
A weak market can bring about many financial challenges for a company, leaving them on shaky ground or worse. One potential option for companies like this is Chapter 7 bankruptcy, which can take away some of
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