The short answer is yes.
Sometimes, as a last resort, homeowners in Tennessee have to file bankruptcy to stop foreclosure and save their homes.
What is Alimony in Mississippi?
The issue of alimony in Mississippi typically arises under family law cases. Alimony is ” an allowance authorized by law for one spouse to receive from the other for financial support.” In other words, alimony is spousal support.
Who gets Alimony (spousal support) after a Divorce in Mississippi, and how much will it cost?
In Mississippi, a spouse can petition the court to award financial support from one spouse to another. This is known as alimony. If you can show financial need and your spouse has the financial means to support it, the court can award you alimony, also known as spousal support.
An alimony award might also be appropriate if you are unemployable, meaning that you lack training or education or you have a disability and are unable to work. To determine amount of alimony in Mississippi, Mississippi Chancellors (Judges) will look at several factors before reaching a decision.
Alimony Award Factors or Guidelines to be followed in the Award of Alimony in Mississippi
In the case of Armstrong v. Armstrong, the Mississippi Supreme Court set the following guidelines to be followed in the award of Alimony:
Should You File Bankruptcy?
People have different reasons for filing bankruptcy. Deciding whether or not to file bankruptcy depends on several factors. An individual debtor can file either a Chapter 7 Bankruptcy (also called “Straight Bankruptcy” or “Liquidation”) or a Chapter 13 Bankruptcy (also called “Wage Earner”).
If you are struggling to pay your monthly bills, whether or not you are employed, and you are so deep in debt that you no longer enjoy a comfortable or peaceful life, bankruptcy might be the next step towards financial freedom and regaining your peace of mind. Choosing to file bankruptcy is a decision that should be taken seriously.
Bankruptcy laws protect debtors and equip them with the necessary tools to start afresh.
The reasons why a person may file bankruptcy may include the following: