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Filing any federal proceeding should not be taken lightly. Court
review includes many investigative techniques designed to detect
discrepancies between public records, personal financial documents, accounts
provided by creditors, scheduled financial disclosures within bankruptcy
forms, and sworn oral testimony. All credible, ethical Mississippi
bankruptcy lawyers advise their clients that full, honest, and
responsive answers to all questions is paramount.
To insure protection from the U.S. Courts, all Mississippi bankruptcy
exemptions must appear on schedule H when filing Chapter 7. If choosing
a Chapter 13 plan, the exemption list is used as part of the test for
confirmation, but to a lesser degree, when comparing the available
distribution to Chapter 7 potential. In both cases, Mississippi
bankruptcy lawyers and law firms constantly resort to new case law
amendments, new laws under the Code, and changes in local rules to
insure legal compliance.
See also: Mississippi Homestead Exemption.
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