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Personal Bankruptcy

Friday, February 26, 2021

Are Student Loans Dischargeable in Bankruptcy?


In 2020, student loan debt across the United States hit a whopping $1.56 trillion. Yes, trillion. This 1.56 trillion-dollar burden is borne by 45 million Americans.
Read more . . .


Thursday, February 25, 2021

5 Possible Alternatives to Foreclosure


Being delinquent on your mortgage is a scary time. You’re faced with potentially losing your home at a time when stability is what you need. In 2008, U.S. mortgage foreclosures spiked as a result of overextended lending and poor credit standards.
Read more . . .


Friday, January 29, 2021

Bankruptcy Is Not A Moral Failure


When P.T. Barnum, the king of curiosities and co-founder of the self-proclaimed “Greatest Show on Earth,” went bankrupt, Ralph Waldo Emerson wrote that it showed the gods to be “visible again.” Emerson and many others were pleased that Barnum was in financial trouble because they disapproved of his money-making tactics.

Emerson’s attempt to tie Barnum’s bankruptcy to some sort of moral failure is perhaps fitting given that Barnum built his empire by exploiting racial differences, putting people with disabilities on public display, and committing outright fraud.
Read more . . .


Wednesday, December 23, 2020

Understanding Your Credit Score


Credit scores underlie most major financial decisions including buying a home, a car, and even switching jobs – in some industries, a poor credit score can limit your employment. At Padgett & Robertson, we work with individuals and families in Mobile and the surrounding areas to repair their credit scores, contest wrongful credit reporting, and reign in aggressive debt collectors. We are acutely aware of the impact that aggressive debt collectors have. These overbearing tactics often push individuals and households into Read more . . .


Monday, December 21, 2020

The Fair Debt Collection Practices Act


Due to COVID-19, many Americans have found themselves unable to work due to no fault of their own. Despite the circumstances out of their control, debt continues to build and come due. Credit card debts, car loan repayments, and a litany of other debts are front and center for many Americans suffering the economic impacts of COVID-19.

Creditors are increasingly turning to debt collectors to recover the amounts owed. Thankfully, the Fair Debt Collection Practices Act protects debtors from debt collectors’ abusive and harassing tactics.
Read more . . .


Monday, November 23, 2020

We’re Ready To Turn The Page On 2020, Debt Collectors May Not Be


2020 has been a heck of a year. Many of us are eagerly anticipating the ball drop on New Year’s Eve so we can put this year behind us. Perhaps the only people interested in slowing down the clock are creditors who don’t want the debts they are owed to get too old to collect.

You may not realize it, but the debt you hold has an expiration date, but it does. Creditors have a limited window of time during which they are able to sue you to collect past due payments.
Read more . . .


Thursday, October 22, 2020

Hospital Suing Patients Over Medical Debt Despite Pandemic


You would think that of all people medical providers would understand the importance of cutting folks some slack during the pandemic. But that is not the case. Hospitals are starved for cash since people have been delaying medical treatment and staying away from the doctor unless it is an emergency. To try and stay in the black, some hospitals are being very aggressive with their debt collection tactics.

A Read more . . .


Monday, June 29, 2020

We Can’t Predict The Future


The famous 16th-century prophet and mystic Nostradamus is said to have predicted the Great Fire of London, the French Revolution, the rise of both Napoleon and Adolf Hitler, both World Wars, and the nuclear bomb. Conspiracy theorists also say he predicted the 2020 pandemic and economic meltdown.

We’re skeptical. The ability to predict the future is not some rare gift that those with pseudo-magic powers can develop, it’s an impossibility. If humans could predict the future, 2020 would have turned out differently, and bankruptcy lawyers might be out of a job.
Read more . . .


Friday, February 7, 2020

How Bankruptcy Brought Us the Chocolate Bar


The odds are good that the last piece of candy you ate was produced by the Hershey Company. The famous chocolatier reportedly has a 45% market share in the candy aisle. It is almost hard to believe that the company’s founder, Milton Hershey, drove two other candy companies he founded into bankruptcy.
Read more . . .


Thursday, January 16, 2020

The Pros and Cons of Filing for Bankruptcy


Jimmy Fallon does a recurring bit on The Tonight Show where he takes a look at the pros and cons of various topics. Things like dating Britney Spears, graduating from college, and using AirBNB. The pro is usually something serious, and the con is often a joke.
Read more . . .


Monday, January 13, 2020

Bankruptcy More Common in Alabama Than Any Other State


This time of year, everyone is paying attention to statistics. We watch the price of various crops as harvest approaches. We keep a close eye on the weather. And we all know what Alabama’s record is on the football field. (Roll Tide!)

As a law firm that works almost exclusively on bankruptcy cases, the Padgett & Robertson team also keeps a close eye on some other statistics — like the number of Read more . . .


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Bankruptcy Law News

Padgett and Robertson assist clients with Bankruptcy, Personal Bankruptcy, Consumer Bankruptcy, Chapter 7 Bankruptcy, Chapter 13 Bankruptcy and The New Bankruptcy Law in Mobile, Alabama and throughout southern Alabama. 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.”



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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.”