This is the Era of Do-It-Yourselfers.
Do-It-Yourself Bankruptcy? 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? Tomorrow, December 1, 2015 NEW bankruptcy forms...RECENT BANKRUPTCY COURT RULING: Now you can hire a lawyer to sue your creditors!
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 are abused by...Alabama 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 could not say it better myself. Payday loans are the scourge of the...Bad Loans Remain Well Above Precrisis Levels
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 holders. The bad debts...Why 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 have been missed the you have an “arrearage”. Mortgage...A New Rule Protecting Certain Federal Benefits From Garnishment.
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 it will help...Come See My New Bankruptcy Answers Page. Ask Me Anything Bankruptcy.
Come see my new Bankruptcy Answers page. Ask Me Anything Bankruptcy. Bankruptcy Questions Answered. 205-259-1909Am I Going to Be Eligible to File a Chapter 7 Case? What Is the Means Test?
The “Means Test” Is a “Paper Tiger” for Most People. 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...Adjustable Rate Mortgages
Jefferson County Adjustable Rate Mortgage Attorney Problems Arising from Adjustable Rate Mortgages Brent W. Davis – Experienced Bankruptcy Lawyer in Birmingham While adjustable rate mortgages (ARM’s) seem like a good option for homeowners, they can quickly...Paycheck Garnishments Are Easy To Stop!
Paycheck 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 to protect you from...Fair Consumer Reporting in Bankruptcy Act of 2015.
Fair 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 should. This...How to Tell When Bankruptcy Makes Sense For You.
Does Bankruptcy Make Sense For You? It’s a good question. Over the past 23 years representing Chapter 7 and Chapter 13 bankruptcy clients have told me how they knew it was time to get protection from debt. There are five ways most people know. 1. Age and...HOW TO: Keep Your Car in Bankruptcy – Exemptions, Reaffirmations.
Keep Your Car in Bankruptcy 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 Chapter 7 bankruptcy is not intended to...What You Need to Know About the Pitfalls of Credit Unions and Bankruptcy.
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 car loan and mortgage and...Allow Foreclosed Homeowners to Repurchase Their Former Homes at Fair Market Value?
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 change now. Federal Housing Finance Agency (FHFA) will now allow...First They Foreclose and Take Your House, Then You Enter Post-foreclosure Hell!
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 haunt them. Many have no idea that it is about...Right 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 collection has not shown a similar movement. In fact, accounts in...The 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. http://goo.gl/hNjjzv Basically, the Means Test is a formula that...Home “Short Sales” On Underwater Mortgages
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 their home is worth. What can you do to...I Just Got Sued by My Credit Card Lender!
Facing a Lawsuit from Your Credit Card Lender? They can’t take your money unless they sue you. Credit cards are unsecured loans. There is no car or House or TV to take back if you can’t pay the bill. The credit card lender can easily get the Judge to...Should Grandma File Bankruptcy?
Should Grandma File Bankruptcy? Many of us hope to leave our family homestead and heirlooms to our children. The problem these days is that there may be so much debt that creditors would take it all! Bankruptcy can prevent liens and judgments against the title to the...Will My Neighbors Know?
Will my neighbors know that I have filed for Chapter 7 Bankruptcy? Not unless you tell them. No one puts a sign in your yard. Not even your mother will know. Bankruptcies are public record, but someone would have to look at your credit report or search the Courthouse...Missed Mortgage Payments
When missed mortgage payments grow out of control, the home can be saved if a chapter 13 Federal Court protected repayment plan is filed BEFORE the foreclosure sale is held. This will also protect the homeowner from other creditors and restructure those debts. Once...Avoid Foreclosure & Keep Your Home
Helping Prevent Foreclosures Bankruptcy Attorney Brent W. Davis Getting behind on your mortgage payments is an awful feeling. Something has happened that is out of your control. A serious illness, losing a job, or getting a divorce can all cause financial...Foreclosure – How to Avoid It
You have the power to stand up to the big mortgage companies. Did you know that the Founding Fathers of the United States of America specifically wrote your bankruptcy protections into our Constitution more than 230 years ago? It’s true. You can use a...What to Do with Your Debts
What to Do with Your Debts Will I lose my house and car and the shirt off my back if I file for Chapter 7 Bankruptcy? No, most people who are up to date on house and car payments keep those debts and keep paying for them. State laws protect your clothes amd books and...Protection from Creditors
Know Your Rights! You can get protection from creditors and pay them back under the protection of the Federal Courts without filing Chapter 7 bankruptcy. Many people qualify to pay pennies on the dollar. Come by for a free evaluation by Mr. Davis (not a legal...Foreclosure Alternatives
Bankruptcy Lawyer Helps Prevent Foreclosure Options for Preventing Foreclosure in Alabama: For people who have fallen seriously behind in their mortgage payments, Chapter 7 or Chapter 13 bankruptcy may be the debt relief option most likely to help them stop...Brent W. Davis, L.L.C.
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