There’s a good chance that Americans’ total credit card balances will soon reach a new record high
Prices are rising and credit card balances are hitting record levels. Interest rates are moving up into the 18% APR range for folks with better credit ratings. Worse for the rest. Household debt is rising faster than inflation. Due to record high home values, credit...
Life After Bankruptcy
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! Keep Keep your Discharge Order. Keep your lawyer's contact information. Keep a...
Government Stimulus Check: Don’t Believe the Hype!
So here’s what’s up: To Tenants: If the government says you don’t have to pay your rent and there’s a ban on evictions, you better do whatever you can to pay your rent. There will be major repercussions when evictions bans are lifted. Don’t think you’ll get a free...
This 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? Tomorrow, December 1, 2015 NEW bankruptcy forms are required in...
RECENT 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 are abused by creditors [Sternberg v. Johnston, 595 F.3d 937 (9th...
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
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 that limp along keep banks from recovering and...
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. 205-259-1909
Am 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. That being said, read on.... The "Means Test" determines whether...
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 have told me how they knew it was time to get protection from debt. There are five ways most people know. 1. Age and Retirement Savings. When you look at your...