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Woman calling while tow truck repossessing her car

What Creditors Can or Can’t Repossess

Aug 17, 2020 | Bankruptcy, David 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 …

read more: What Creditors Can or Can’t Repossess
shopper unhappy JC Penny is filing bankruptcy

Andalusia’s JCPenney Store Closing Because of Bankruptcy

Aug 5, 2020 | Bankruptcy

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 has struggled to maintain sales …

read more: Andalusia’s JCPenney Store Closing Because of Bankruptcy
stressed married couple

The Stress of Debt on Marriages

Aug 3, 2020 | Bankruptcy, David Poston

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 According to a recent study …

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handing over cash for house keys in front of house and foreclosure sign

Understanding the Alabama Foreclosure Process and How Bankruptcy Can Help

Jul 20, 2020 | Bankruptcy, David Poston

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 laws, a lender cannot start …

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Tired depressed bored african businessman frustrated by debt

5 Ways to Handle Debt

Jul 6, 2020 | Bankruptcy, David Poston

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 of debt you owe; Your …

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Elderly couple looking at disability list and taking notes

What is the Social Security Disability Impairments List?

May 18, 2020 | Bankruptcy, Gary W. Stout

If you filed or are looking into filing for Social Security disability benefits, you have probably come across the term “Impairments List” often. This is because the Impairments List plays a very important role in the Social Security Administration (SSA) determining your eligibility for benefits. This post will help explain what the Social Security Disability …

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Receiving Social Security Disability For Depression

Receiving Social Security Disability For Depression

Jan 7, 2020 | Bankruptcy, David Poston

What is Depression? Many people experience feelings of sadness and hopelessness during emotionally painful or stressful situations (i.e. death of a loved one or divorce). These feelings are typically situational and short-lived. But, some people experience long-term clinical depression. Clinical depression is a mental disorder which affects a person’s moods. It can cause a sufferer …

read more: Receiving Social Security Disability For Depression