After experiencing financial difficulties for years, Fairfield, a small suburb of Birmingham, filed for bankruptcy on May 19, 2020. The city has struggled since one of its largest employers, U.S. Steel, shuttered part of its operation in 2015, causing the loss of hundreds of jobs. Then the next year Walmart… read more →
On May 15th, 2020, retailer JCPenney officially filed Chapter 11 bankruptcy. Founded 118 years ago, JCPenney became one of the first major department stores in the country. For much of the 20th century, JCPenney was a go-to retailer to buy clothing and household wares. But, since the turn-of-the-century, the retailer… read more →
When two people marry, their lives are merged into one unit. This means that each of them brings aspects of their personal life into the relationship thereby affecting both people. Bringing substantial debt into the marriage could place the relationship on shaky ground. What Debt Can Do to a Marriage… read more →
Are you delinquent on your home mortgage payments? Do you fear your lender may be getting ready to foreclose on your home? Because the foreclosure process, especially in Alabama, moves quickly, you should understand the process and your rights. When Can the Foreclosure Process Start in Alabama? According to federal… read more →
Being in debt can cause enormous stress. If you struggle with debt, you may wonder about your best options for managing debt. Before exploring the options, you should first assess your financial situation in order to decide which may work best for you. You should consider the following: The types… read more →
