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Do I Need an Attorney? The Right Way to do Bankruptcy in Birmingham

Jun 7, 2019 | Bankruptcy

If you are someone who admits to being a dedicated do-it-yourself sort of person, you have to change your mindset if you are about to file for bankruptcy. You may have seen the do-it-yourself or for dumbbells guides to bankruptcy, and you may even believe you can handle the many steps involved, but that is …

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chapter 13 bankruptcy

Filing for Bankruptcy: How Do You Know When It’s Time?

Jun 2, 2019 | Bankruptcy

Are you living paycheck to paycheck, working on saving money, but every month, something comes up to thwart your plans? Your car needs new tires or a battery. Your children need money for an extracurricular event at school. You may feel overwhelmed, like you have fallen in a hole so deep you will never find …

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

You Filed Chapter 7 Bankruptcy, Now What?

Jun 2, 2019 | Bankruptcy

Simultaneous with filing for chapter 7 bankruptcy, your bankruptcy is assigned a bankruptcy case number. It is important that write down or remember this case number in case one of your creditors contacts you after filing. It is also important to remember the date you filed. Filing for Chapter 7 Bankruptcy Another event that occurs …

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Understanding Chapter 13 Repayment Plans

May 13, 2019 | Bankruptcy

While many people in financial distress think of debt consolidation as the way to go, there is also the option of setting up a repayment plan under Chapter 13 bankruptcy. While it can be a good option for many, make sure you understand how it works before proceeding. Read on to learn about the specifics …

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Credit Card Debt from bankruptcy birmingham

Is Credit Card Debt Overwhelming You?

May 10, 2019 | Bankruptcy, David G. Poston

Do you sometimes feel like you are drowning in credit card debt? You are not alone. A study reveals that the average American household has a revolving credit card debt of $15,310. The Dangers of Credit Card Usage While the amount of credit card debt may vary per household, the reason for the accumulation of …

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Rebuild Your Credit After bankruptcy opelika al

3 Ways to Rebuild Your Credit after Bankruptcy

May 8, 2019 | Bankruptcy

The biggest myth about bankruptcy is that it will completely ruin your credit. The New York Federal Reserve conducted a study recently which shows this belief to be a half-truth. It is true a bankruptcy filing can remain visible on an individual’s credit report for up to 10 years. And yes, because it is on …

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Need help stopping the Payday Loan Cycle?

How to Stop the Payday Loan Cycle

May 6, 2019 | Bankruptcy

Research shows that millions of American families are living from paycheck to paycheck with little or no means to build savings. When faced with unexpected expenses, such as a car or house repair, many have felt that their only option was to seek help through a payday loan or cash advance. Unfortunately, doing so has …

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Is Bankruptcy A Way Out For You?

May 5, 2019 | Bankruptcy

For many Americans who are deep in debt with no way to pay it back, filing for bankruptcy might be their last resort. And while some people may assume that bankruptcy is bad for you since you will have a negative label on your records, filing for bankruptcy actually have tremendous amounts of benefits. Benefits …

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Credit Card Debt from bankruptcy birmingham

5 Things Not to Do if Contemplating Bankruptcy

Feb 16, 2019 | Bankruptcy

If you are struggling with debt and are contemplating bankruptcy and hiring a bankruptcy attorney, there are a few things you should try to avoid doing before you file as they may jeopardize your ability to have your debts discharged. Do Not Create New Debt It is very important that you do not make any …

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time to file bankruptcy

4 Circumstances That May Mean It Is Time to File Bankruptcy

Jan 26, 2019 | Bankruptcy

Are you struggling financially? Do you find it difficult to make ends meet each month? You are not alone. Millions of American families are living paycheck to paycheck and have a lot of debt. It is not the American dream to live this way. But, unseen circumstances such as illness, job loss, and the economic …

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