Is Southern Finance a Legal Company?

Southern Finance is a legitimate lending company. Its office is based in McComb Mississippi.

It provides small loans to individuals usually for amounts less than $5,000. Their contracts are also enforceable in court.

Can Southern Finance Sue You?

Yes, Southern Finance can sue you. If you don’t repay your loan, they will file a lawsuit against you.

Collection lawsuits are usually filed in state court. If Southern Finance wins, then they will get a judgment against you.

They can then use this judgment to garnish your wages or your bank account. 

If you receive a summons, it is important that you hire a competent bankruptcy attorney. It is a wise move to work with one of our Jackson, MS bankruptcy lawyers. We will help get you back on track to a financial fresh start

Can You File Bankruptcy on Southern Finance?

Yes, if you owe a debt to Southern Finance, you can file bankruptcy and discharge it in a consumer bankruptcy case. There are many types of bankruptcy. However, the common ones in personal bankruptcy are Chapter 7 and Chapter 13. 

Chapter 7 bankruptcy provides a way to eliminate the debt owed and you usually don’t have to pay back any of the debt. However,  if you have a property you cannot bear to part with, bankruptcy Chapter 7 may not be for you.  

Chapter 13, on the other hand, provides a way to keep your collateral while lowering the monthly payment. You get to keep your property and pay off your debt through a repayment plan scheduled within three to five years. 

If you need advice on which type of bankruptcy suits you or whether bankruptcy is a good option, call our Jackson, MS bankruptcy lawyer. Talk to T.C. Rollins of the Rollins Law Firm for an initial consultation.