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David G. Poston(29 articles)

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3 Tips for Filing Chapter 7 Bankruptcy in Alabama

3 Tips for Filing Chapter 7 Bankruptcy in Alabama

Nov 4, 2024 | Bankruptcy, David G. Poston

If you are burdened by debt, Chapter 7 bankruptcy could help you onto the path of financial freedom. Here are 3 tips that could help you successfully file chapter 7 bankruptcy. 1. Choose the Right Alabama Bankruptcy Attorney The best thing you can do when filing for Chapter 7 bankruptcy is choosing an experienced bankruptcy …

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3 Bankruptcy Myths

3 Bankruptcy Myths

Oct 7, 2024 | Bankruptcy, David G. Poston

Bankruptcy has a bad reputation. Chances are great that if you questioned 20 random people on the street and asked them what they thought about bankruptcy, you would get a variety of negative responses. Sadly, most of the comments would be wrong. This is because the average person’s knowledge of bankruptcy is based on flawed …

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When to Tell Creditors about Your Bankruptcy

When to Tell Creditors about Your Bankruptcy

Apr 29, 2024 | Bankruptcy, David G. Poston

Many of those considering filing bankruptcy often question if they should inform their creditors prior to filing. Like most answers about filing bankruptcy, the correct answer depends on each individual’s financial circumstances. But, the following is a good rule of thumb. Telling Creditors before Filing Bankruptcy Most often, debtors should not let their creditors know …

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The Crucial Link Between Tax Returns and Bankruptcy Filing

The Crucial Link Between Tax Returns and Bankruptcy Filing

Apr 15, 2024 | Bankruptcy, David G. Poston

Filing for bankruptcy can be a daunting and often distressing process for individuals facing overwhelming debt. Bankruptcy is a legal procedure designed to provide relief to those who find themselves unable to meet their financial obligations. However, what many may not realize is the critical role tax returns play in this process. In this blog …

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Understanding Alabama Wage Garnishment Laws

Understanding Alabama Wage Garnishment Laws

May 22, 2023 | Bankruptcy, David G. Poston

When struggling to make ends meet, you may have gotten behind on your monthly debt payments. With the delinquency, the creditor is threatening to sue you. Ultimately, the creditor might obtain a judgment against you. You may be unsure what that means, so let us help you understand. What Is a Wage Garnishment? Usually, the …

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What to Do about Your Growing Credit Card Debt

What to Do about Your Growing Credit Card Debt

May 9, 2023 | Bankruptcy, David G. Poston

There is no doubt that credit cards are both useful and convenient. But, it is all too easy to amass credit card debt that is overwhelming. If you are burdened by a growing credit card debt, there are actions you can take now that can help you tackle the problem. Transfer Your Credit Card Debt …

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Reducing Your Car Payment through Chapter 13 Bankruptcy

Reducing Your Car Payment through Chapter 13 Bankruptcy

Jan 30, 2023 | Bankruptcy, David G. Poston

Are you behind on your car payment? Is your car payment larger than your budget allows? Do you fear that your car may soon be repossessed? If you answered yes to any of these questions, Chapter 13 bankruptcy assist you in reducing your car payment to a manageable level that you can pay every month. …

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Dealing with Creditor Harassment after Bankruptcy

Dealing with Creditor Harassment after Bankruptcy

Jan 2, 2023 | Bankruptcy, David G. Poston

Let’s face it, one of the worst parts about delinquent debt is the constant creditor harassment about to pay your debt. You know the creditor wants its money and you really want to pay. Unfortunately, you may not have the exact amount that is owed. You try to explain to the collector that you do …

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4 False Assumptions about Bankruptcy

4 False Assumptions about Bankruptcy

Dec 17, 2021 | Bankruptcy, David G. Poston

Are you struggling with debt and thinking about filing for bankruptcy relief? Maybe you are hesitant because of negative rumors. There are many false narratives about filing for bankruptcy. Don’t let rumors or innuendos prevent you from obtaining a fresh start. While there are many false beliefs, some off the most common are as follows: …

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woman in bankruptcy and coronavirus

How Covid-19 Has Affected Bankruptcies in Alabama

Dec 17, 2020 | Bankruptcy, David G. Poston

The Impact of Covid-19 Covid-19 has changed our way of life. Every day, we find ourselves having to adapt. Our economy has also been impacted by high jobless numbers and rising medical bills. Change is always challenging and these changes have had a ripple effect on unexpected areas of our lives. At Brock & Stout, …

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