Unmanageable debt happens. We help Mississippi residents right the ship and remove the stress caused by financial problems. At Schmidt Law Firm, we give our clients the information they need to make an intelligent decision at the time they need it most.
Tailoring Solutions to Fit Each Client’s Situation
From our free initial consultation, we work directly with you to get the relief you need. We will explain common bankruptcy myths. We will tell you about foreclosures, repossessions, tax debt, child support, alimony, co-signed debts, credit card debt, bank and finance company loans, automobile loans and medical debts.
We will tell you about collection law suits and wage garnishments. We will talk to you about your current income, assets and retirement savings so that you can file Chapter 7 or Chapter 13 without losing property you wish to keep, including your home, cars, retirement savings, furniture or other personal property.
We will discuss life after bankruptcy and how to rebuild your credit. From there we will work together to create a strategy tailored to your unique situation and goals, to file a Chapter 7 or Chapter 13 bankruptcy that will end your current financial stress.
We provide friendly and empathetic service in every case. You owe it to yourself to get rid of the stress and rebuild your financial future. Take decisive action today and schedule a no-risk, free consultation.
Dealing With Medical Debt
The single greatest cause of consumer bankruptcy filings in the United States is medical debt. Many times a hospital stay or a catastrophic illness will force consumers to seek Chapter 7 or Chapter 13 bankruptcy protection just to hold onto their homes or protect their paychecks - even those with insurance. Financially responsible consumers who spend their hard-earned income on health insurance coverage are still forced into bankruptcy from the portion of their medical bills that insurance did not pay.
Whether your medical debt is from COVID-19 or other medical issues, we are here to help you.
Many people believe that if they pay the hospital a little each month, they won’t get sued. They are often surprised to find out differently. Hospital debts and other medical debts are unsecured. If you qualify, a Chapter 7 filing will discharge all unsecured medical debt - meaning you will not have to pay it back and the medical providers cannot take any action to collect that debt. If you do not qualify for a Chapter 7, it is possible that a Chapter 13 can provide you with an excellent alternative for dealing with medical and hospital debt.
At Schmidt Law Firm in Hattiesburg and Oxford, we offer a free consultation in which we learn about your income, debts, assets and goals to be able to provide you with the options available under the United States Bankruptcy Code.
Contact us today to schedule your free consultation and find out if filing for Chapter 7 or Chapter 13 bankruptcy is right for you.