Burton Law Office is located at 3900 Lakeland Drive, Suite 504-C in Flowood, Mississippi. We help people find relief from their debts.
Come meet with us to discuss your specific debt problems.
A foreclosure can take place quickly under Mississippi law. Once the bank decides that your mortgage payments are delinquent (whether right or wrong), the bank can initiate foreclosure proceedings. All the bank has to do is run a Notice of Sale in the legal section of the local newspaper for three consecutive weeks. At the end of the three weeks, the bank will sell your house to the highest bidder on the steps of the courthouse, typically between the hours of 11 a.m. and 4 p.m. Under Mississippi law, the bank is not even required to send you a letter letting you know that you are delinquent with your mortgage payment.
Chapter 13 bankruptcy can be particularly helpful in saving your home from foreclosure. Once the bank starts foreclosure proceedings, if not before, the bank will accelerate the loan, which means that the entire balance of the loan is suddenly due and payable all at once.
By filing Chapter 13 bankruptcy, you can immediately stop the foreclosure, immediately nullify the acceleration of your loan, and reinstate your mortgage. You will be given up to 60 months to catch up the arrearage from the payments that have been missed.
We have saved the homes of many families from foreclosure. If you find yourself behind with your mortgage payments and worried about foreclosure, give us a call. We can help.
There are many types of lawsuits that consumers in the Jackson, Mississippi, area face every day. These include credit card lawsuits, lawsuits from furniture stores or finance companies, and deficiency lawsuits from repossessed automobiles or foreclosed homes.
Once a lawsuit has been filed against you, under Mississippi law you are supposed to be delivered a copy of the lawsuit within 120 days. After you are delivered a copy of the lawsuit, you have 30 days until a default judgment can be entered against you. If you do not take action during this 30-day time period, a bankruptcy attorney can still help you, but your options will be limited and the assistance may be more expensive.
It is very important that you act promptly by contacting an attorney who handles these type matters. (usually a bankruptcy attorney). You can be sure that the company that sued you will have a lawyer representing them, so you need to have a lawyer representing you.
If you find learn that a lawsuit has been filed against you, don't worry. Just call and let us help. It's what we do.
Under Mississippi law, if you get behind on your car payment, the bank can immediately repossess your car whenever they want, without getting a court order, and without notifying you in any way. However, they do have to wait 10 days before they can sell your car. So hire us right away if your auto has been repossessed.
Once a judgment is entered against you from a lawsuit, the next thing that happens is usually a wage garnishment. A creditor can garnish up to 25 percent of your take home pay each and every pay period until the debt has been paid off with interest and fees.
A bankruptcy filing, whether Ch. 7 or Ch. 13, will stop a wage garnishment.