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David G. Poston(29 articles)

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3 Mistakes to Avoid When Filing for Bankruptcy

Dec 14, 2020 | Bankruptcy, David G. Poston

Are you struggling financially? Bankruptcy could provide you a financial fresh start. But, to get all the benefits of bankruptcy you should avoid these three mistakes many people make when filing bankruptcy. Filing Too Late Many people delay filing bankruptcy out of fear or misunderstanding of the process. They try to do everything they can …

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Upset colleagues feeling down because of company bankruptcy news

Bankruptcy is not a One-Size-Fits-All Process

Nov 21, 2020 | Bankruptcy, David G. Poston

Unfortunately, any number of possibilities could upset your financial stability. Personal hardships such as losing your job, facing an unexpected illness or injury, and divorce are several examples. Any of these could lead to out-of-control debt. You may also be trapped in what seems like an endless cycle of debt. If this happens, bankruptcy could …

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Landlord-Tenant Law and eviction notice on a desk.

The Alabama Eviction Process

Nov 4, 2020 | Bankruptcy, David G. Poston

Rent is one of the most important monthly expenses that you pay each month. It can also be one of your most expensive bills. What if your funds are low and you cannot pay your landlord? Do you have any options if you fall behind on your rent and are facing eviction? In Alabama, your …

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Payday on a calendar

Alabama Payday Lending Laws

Oct 21, 2020 | Bankruptcy, David G. Poston

Many Alabama citizens live from paycheck to paycheck. At times they find themselves needing short-term payday loans to make ends meet sometimes. According to the Alabama Department of Banking, 189,231 Alabamians took out 1.6 million payday loans worth about $563.6 million in 2019. Payday loans are quick turnaround cash loans that supposedly benefit the borrower …

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A small, gold dollar sign stands in a dark background of gray "DEBT" rising up around it.

Can Bankruptcy Help with Large Credit Card Debt?

Oct 12, 2020 | Bankruptcy, David G. Poston

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 card debt causes significant financial stress. Many people with large credit card debt only obtained …

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Man ignoring debt

Beware: Ignoring Credit Card Debt Could Lead to Wage Garnishment

Sep 28, 2020 | Bankruptcy, David G. Poston

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, for their unpaid credit card debt. Unfortunately, you cannot realistically ignore …

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Reasons You Should Not Delay Filing Bankruptcy

Your Privacy Rights During Bankruptcy

Sep 17, 2020 | Bankruptcy, David G. Poston

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 such as: personal address Social Security number tax identification numbers bank account information listing of all …

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How Bankruptcy Can Help with Unexpected Medical Debt

How Bankruptcy Can Help with Unexpected Medical Debt

Sep 4, 2020 | Bankruptcy, David G. Poston

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 it is on an ongoing basis. Between paying premiums, deductibles, co-pays, etc., …

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happy young couple feeling proud of finance

Surprising Benefits of Life after Bankruptcy

Aug 31, 2020 | Bankruptcy, David G. Poston

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 Creditors or Debt Collectors After filing for bankruptcy relief, a legal mandate …

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Woman calling while tow truck repossessing her car

What Creditors Can or Can’t Repossess

Aug 17, 2020 | Bankruptcy, David G. Poston

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 is. Not all loan agreements include collateral and laws …

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