Bankruptcy

Alabama foreclosures account for 19.1% of all home sales each month, with an average home value of around $93,000. The foreclosure process in Alabama is short and can be completed in less than 60 days. Alabama is a non-judicial foreclosure state.

A reaffirmation agreement is a legal contract between a debtor and a creditor during a bankruptcy case. It specifically applies to secured debts, which are debts tied to collateral, such as a car loan or a mortgage. In a bankruptcy case, you have the option to discharge certain debts, meaning you’re no longer legally obligated to repay them. However, with a reaffirmation agreement, you essentially agree to continue making payments on a specific debt even after your bankruptcy case is concluded.

The best budget planner is one you can live with, so tweak your approach as needed. For example, the 50/30/20 breakdown is a recommendation to help you get started. Adjust your spending as needed until you reach your ideal budget.

Millennials, identified as those born between 1981 and 1996, are the first generation to have grown up completely in the digital age. Not only are they very tech-knowledgable, but they are the most educated generation in U.S. history.

By Mary Conner Pool

For years, most borrowers filing for bankruptcy did not get relief from their student loan debts; instead, they had to deal with them once they were out of bankruptcy. To attempt to get relief from a student loan, a debtor files a separate lawsuit called an adversary proceeding to determine whether the debtor meets an “undue hardship” burden to discharge their student loans in whole or in part.

Are you facing the daunting possibility of foreclosure? It’s a distressing situation that can leave you feeling helpless and overwhelmed. However, there is hope in the form of Chapter 13 bankruptcy. In this blog post, we will discuss how Chapter 13 bankruptcy can help you stop foreclosure and protect your home. So, if you’re searching for a bankruptcy attorney to assist you during this challenging time, read on to understand how Chapter 13 can be the lifeline you need.

There’s nothing wrong with wanting the best for your children and helping them out in tough times. But the help you provide shouldn’t place your own financial well-being in jeopardy.

At first glance, it may seem like a good plan to use a Rent-to-Own service to get the items you need. For example, Furniture and Appliances are popular, rent-to-own items. Why not, it is very attractive, for a small monthly payment you can outfit your home with everything you want, but, hidden in the details are traps and pitfalls.

Bankruptcy is a legal process that can help individuals and businesses who are struggling with overwhelming debt. Chapter 13 bankruptcy is a specific type of bankruptcy that allows individuals to reorganize their debts and create a repayment plan over a period of three to five years.

Negotiating with your creditors can be a challenging process, but it may help you reduce your debt and avoid more serious consequences. Here are some steps you can take based on web search results: