by Brent W. Davis | Sep 27, 2015 | Bankruptcy Answers for Alabama
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...
by Brent W. Davis | Sep 20, 2015 | Bankruptcy Can Save Your Home.
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...
by Brent W. Davis | Aug 23, 2015 | Uncategorized
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 protect the elderly and disabled, among others, who...