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Alabama State Bar Association Regulations require the following: “No representation is made that the quality of the legal services to be performed is greater than the quality of legal services performed by other lawyers.” 11 U.S.C. 528 of the U.S. Bankruptcy Code requires the following: “We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.”
Can My Employer Discriminate Against Me for Filing Bankruptcy?
by seo@southeastlegalmarketing.comFiling Bankruptcy can be a challenging and stressful experience, often accompanied by concerns about how it might affect various aspects of your life, including your employment. Many individuals worry that declaring bankruptcy could jeopardize their job security or lead to unfair treatment in the workplace. Understanding Bankruptcy and Employment Law Before delving into the specifics […]
Will Debt Consolidation Affect Your Credit Score?
by seo@southeastlegalmarketing.comDebt consolidation has become a popular financial strategy for individuals struggling to manage multiple debts. This approach simplifies debt management by merging several debts into a single payment, often with the potential for lower interest rates. However, many people are understandably concerned about how this process might affect their credit score. In this comprehensive guide, […]
What Debts Can & Can’t Be Included in Chapter 13 Bankruptcy?
by Padgett & RobertsonChapter 13 Bankruptcy is a powerful tool for individuals seeking relief from overwhelming debt while retaining their property. Unlike Chapter 7, which involves liquidating assets to pay off creditors, Chapter 13 allows debtors to reorganize their debts and repay them over three to five years. However, not all debts are treated equally under Chapter 13. […]
Filing for Bankruptcy in Alabama: A Step-by-Step Guide
by Padgett & RobertsonNavigating financial challenges can be overwhelming, and sometimes, filing for bankruptcy becomes the most viable option to regain control over your finances. In Alabama, the process can seem complex, but with a clear understanding and the right guidance, you can effectively navigate through it. This guide by Padgett & Robertson will walk you through the […]
What Happens if my Co-Signer on a Loan Files for Chapter 7 Bankruptcy?
by Padgett & RobertsonWhen you’re navigating the complex world of loans and credit, having a co-signer can often be a helpful way to secure better terms or qualify for financing you might not otherwise obtain. However, if your Co-Signer on a Loan Files for Chapter 7 Bankruptcy, you may still be responsible for repaying the loan, as explained […]
Filing Bankruptcy: The Truth About Spousal Consent
by Padgett & Robertsoncan be a difficult decision, especially for married couples who share financial obligations. Many individuals in Alabama wonder whether they need their spouse’s permission to Filing bankruptcy. This blog will address that concern and provide a comprehensive understanding of how bankruptcy works for couples, with guidance from Padgett & Robertson, a trusted bankruptcy law firm […]
5 Essential Questions to Ask at Your Bankruptcy Lawyer Consultation
by Padgett & RobertsonFiling for bankruptcy can be an overwhelming process. It’s essential to fully understand your legal options and what the process entails before making decisions that could significantly impact your financial future. Scheduling a bankruptcy lawyer consultation with a qualified attorney is the first step in taking control of your financial situation. At Padgett & Robertson, […]
How Soon Can You Apply for Credit after Filing Chapter 7 Bankruptcy?
by Padgett & RobertsonFiling for Chapter 7 bankruptcy in Mobile, AL can significantly impact your credit, but rebuilding is possible with time and effort. A Chapter 7 bankruptcy remains on your credit report for 10 years from the filing date. However, you can start rebuilding your credit immediately after filing by making timely payments on existing debts, applying […]
Debt Consolidation vs. Debt Settlement: Which Is More Effective?
by Padgett & RobertsonDebt can be overwhelming and stressful, but there are solutions to help you regain control of your financial situation. Two common strategies for managing and reducing debt are debt consolidation and debt settlement. While both approaches aim to make debt more manageable, they work in different ways and offer distinct advantages and disadvantages. In this […]
7 Common Bankruptcy Myths: Debunking Misconceptions
by Padgett & RobertsonBankruptcy can be a complicated and often misunderstood topic. Many people face financial struggles but hesitate to file for bankruptcy due to Bankruptcy Myths that have circulated for years. These misconceptions can prevent individuals from seeking the help they need. In this article, we’ll address and debunk common myths surrounding bankruptcy to offer clarity and […]