Bankruptcy

As interest rates continue to rise, many consumers are feeling the pinch in their wallets. If you’re struggling with mounting debt and considering bankruptcy, understanding how these changes impact your financial situation is crucial.

At the Bond & Botes Law Offices, we understand that considering bankruptcy can be a daunting process, especially when it comes to the fate of your home and mortgage. As a leading consumer bankruptcy law firm serving Alabama and Mississippi, we’re here to help you navigate these complex decisions and protect your most valuable asset—your home.

If you and your family are struggling with overwhelming debt, you’re not alone. Many individuals and couples across Alabama and Mississippi face financial hardships due to various reasons, such as job loss, medical expenses, or unexpected emergencies. In these trying times, understanding your options can make a world of difference.

Recent data from the United States Courts, published on April 25, 2024, reveals a significant 16 percent increase in bankruptcy filings over the 12-month period ending March 31, 2024. This rise in filings indicates a growing number of Americans are facing financial challenges that require legal intervention.

If you’re considering reaching out to a bankruptcy attorney or pondering over the decision of filing for bankruptcy, you’re likely navigating through a tumultuous financial landscape. The thought of impacting your credit score further may seem daunting, ...

The decision to file for bankruptcy is often fraught with anxiety and financial uncertainty. Yet, it can provide a fresh start for those overwhelmed by debt. One of the practical concerns about bankruptcy is the cost involved in filing. Interestingly, your annual tax refund, an often-overlooked asset, can be a strategic resource in this process.

According to Google Trends, searches for “Give Back My Car” and “Voluntary Repossession” have doubled in the last 6 months. This after hitting a low point since the pandemic. There could be many reasons for this, inflation costs surrounding food and housing, overpricing cars when the dealer inventories were low in 2021 & 2022, or being tremendously upside down (owing much more than the car is worth).

The holiday season is a time of joy, festivities, and unfortunately, financial stress for many. As we dive into the season of giving, it’s crucial to approach it with a well-thought-out budget to avoid potential financial pitfalls.

In Mississippi, mortgage holders can foreclose on mortgage or deeds of trust that are in default. The mortgage lender will usually begin the foreclosure on mortgage or deeds of trusts that are in default. The mortgage company will usually begin the foreclosure process after 120 days missed payments. The mortgage company can use either judicial or non-judicial foreclosure process.

When financial difficulties become overwhelming, seeking the assistance of a skilled bankruptcy attorney can be the key to a fresh start. Whether you’re an individual struggling with mounting debts or a business owner facing financial challenges, bankruptcy may provide a path to financial recovery. In this blog post, we’ll explore how bankruptcy works in Alabama