According to credit reporting agency Experian, Americans maintained approximately $830 billion in credit card debt through 2019. Almost 20% of credit cardholders carried more than $10,000 and almost 4% owed more than $30,000 in credit card debt. Owing large credit...
Are you struggling with credit card debt? Do you fear that the credit card company will soon take action against you? You are not alone. The average American household owes $15,000 in credit card debt. Many of them face collection actions, including wage garnishment,...
Some people who struggle with overwhelming debt choose not to file bankruptcy because they fear the loss of their private information. This is a legitimate concern because bankruptcy is a public record. Bankruptcy documents do contain sensitive personal information...
No one is immune from a major health issue. You could have an accident that causes physical injury, develop a chronic illness, or be exposed to something harmful. Unfortunately, even with health insurance, medical treatment can be costly. This is especially true if...
Being in debt can cause enormous stress. If debt has weighed you down, bankruptcy might offer you the relief you desperately need. While it might seem scary, bankruptcy can provide some benefits. After bankruptcy, some of the benefits include: No More Harassment From...
Are you delinquent on your loan payments? Do you worry that your creditors might repossess something you own? If you offered your personal property as collateral on a loan then your creditor might be able to repossess the property depending on the type of property it...
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...
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...
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...
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...
Brock & Stout can help you with your Bankruptcy, Social Security Disability and Personal Injury needs today. Feel free to call our toll free number, contact us online or stop by one of our many office locations. We hope you will give us the opportunity and the privilege to help you and your family.