Home “Short Sales” on underwater mortgages
Since 2008, some homeowners have seen their home’s market value fall below their mortgage balances. Many have found that they now owe tens of thousands of dollars more to the mortgage company than...
View ArticleVIDEO post: Can Bankruptcy harm my security clearance?
Bankruptcy restores government security clearance status! Watch our guest video expert now.
View ArticleThe Means Test is a Paper Tiger for most bankruptcy filers
Means Test is a Paper Tiger for most bankruptcy filers Since 2005, bankruptcy filers have been required to pass a “Means Test” to qualify for a Chapter 7 bankruptcy debt discharge....
View ArticleRight Here in Alabama, the Number of People Filing Bankruptcy Continues to Fall.
Right here in Alabama, the number of people filing bankruptcy continues to fall. The trend started in 2010. It is the same all over America. However, the number of consumers that have debt in...
View ArticleFirst They Foreclose and Take Your House, Then You Enter Post-foreclosure Hell!
For the many thousands of good, hardworking Alabama homeowners who were forced from their homes by foreclosure during the ongoing Great Recession, there is a nasty flashback coming from the past to...
View ArticleAllow foreclosed homeowners to repurchase their former homes at fair market...
The law used to be that foreclosed homeowners could not buy their own house at the foreclosure sale. Neither could third parties acting for the benefit of the former homeowner. That is beginning to...
View ArticleLife After Bankruptcy: Tying up those loose ends
Ok, it’s over. You have your Chapter 7 bankruptcy discharge from the Bankruptcy Court. What now? Do these seven things to tie up your loose ends and begin your fresh start the right way! 1 Keep Keep...
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How to Tell When Bankruptcy Makes Sense For You.
It’s a good question. Over the past 23 years representing Chapter 7 and Chapter 13 bankruptcy clients and listening to them tell me how they knew it was time to get protection from debt. There are...
View ArticleWhat you need to know about the pitfalls of Credit Unions and bankruptcy.
Credit Unions offer many advantages to their members; among these are low loan interest rates and easier loan acceptance. The Credit Union will offer lower interest rates if the member will bring his...
View ArticleHOW TO: Keep Your Car in Bankruptcy – Exemptions, Reaffirmations
Whether you are able to keep your car in a Chapter 7 bankruptcy depends on many factors including where you live and how much you owe on the car. So let’s discuss these in detail below. Exemptions A...
View ArticleFair Consumer Reporting in Bankruptcy Act of 2015.
Creditors can prevent you from getting your fresh start after your Bankruptcy has ended if hey fail to report the debt to the Credit Reporting Agencies as zero and bankrupt. It happens more than it...
View ArticlePaycheck Garnishments Are Easy To Stop!
In Alabama, wage or paychecks garnishments take 25% of your pre-tax income and give it to your creditors! They can also get into your personal bank account and take whatever is there. Alabama has laws...
View ArticleAm I going to be eligible to file a Chapter 7 Case? What is the Means Test?
Let me say this first: The “Means Test” is a “Paper Tiger” for most people. It’s scary when you first see it but an experienced Chapter 7 bankruptcy lawyer can show you that it is mostly toothless....
View ArticleCome see my new Bankruptcy Answers page. Ask Me Anything Bankruptcy.
Come see my new Bankruptcy Answers page. Ask Me Anything Bankruptcy. Bankruptcy Questions Answered. 205-259-1909
View ArticleA New Rule Protecting Certain Federal Benefits From Garnishment.
A new rule protecting certain federal benefits from garnishment became effective May 1, 2011. The regulation, titled, Garnishment of Accounts Containing Federal Benefit Payments, is important because...
View ArticleWhy did my mortgage modification get denied?
What is a mortgage loan modification? A mortgage modification is a change in the terms of an existing mortgage loan. Loan terms include the principal balance, term, and interest rate. If payments...
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Bad Loans Remain Well Above Precrisis Levels
Even though unemployment is shrinking, wages have fallen over the past seven years since the Great Recession of 2007. Banks are struggling to make new loans to a smaller pool of high credit rating...
View ArticleAlabama Payday Lending Tops $120M in Two Months
In a break from tradition, instead of a blog entry essay, I am reproducing the entire article from www.collectionscreditrisk.com that can be found here: alabama-payday-lending-tops-in-two-months I...
View ArticleRECENT BANKRUPTCY COURT RULING: Now you can hire a lawyer to sue your creditors!
This is very good news for bankruptcy debtors who have been abused and wronged by creditors. Over in the 9th Federal Circuit, the Appeals panel has issued a ruling that is good news for Americans who...
View ArticleThis is the era of Do-It-Yourselfers.
This is the era of Do-It-Yourselfers. Spend a few hours on Google, download the official bankruptcy forms, and you can file your own bankruptcy or Chapter 13! What could possibly go wrong?...
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