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A cross collateralized loan is when one item of collateral stands as collateral for all loans with that bank or credit union.  This means that a vehicle can be collateral on both the vehicle loan and a signature loan.  In order to obtain your title back on your vehicle, you must pay both loans.

After having represented consumers with financial problems for over twenty five (25) years, I can state conclusively that medical bills are one of the biggest causes of bankruptcy.  The relationship between bankruptcy and health care is well documented.  A Harvard University Study conducted in 2001 and reported in 2005 concluded that 2 million Americans (including 700,000 children) are affected by medically driven bankruptcies each year.   It makes sense – peo

A common question we get asked is whether a person can be held responsible for another person’s debts. The concern most often comes up with regard to a spouse, such as a wife being concerned about responsibility for her husband’s debts or vice versa or a parent being responsible for a child’s debt or a child being concerned about a parent’s debt.

If you have transferred property or money to a creditor within 90 days or an insider (i.e., relative or friend) within a year of your bankruptcy filing, you should be aware of the 90 day bankruptcy rule.  It is crucial that you discuss any transfers of property that you have made with your bankruptcy attorney so that you may protect any meaningful transfers you have made.

In Mississippi, each county has a justice court. These courts are staffed by not less than two nor more than five part-time judges and other staff. Justice courts hear small civil, i.e., non-criminal claims, and misdemeanor criminal cases. A "small" civil claim is defined as a claim of $3,500.00 or less excluding court filing fees which usually run between $64.00 and $74.00.

The 2013 Montgomery Advertiser’s Readers Choice Awards  recently named Bond, Botes, Shinn & Donaldson, P.C. as one of the top three law firms in Montgomery, Alabama.

American Roads, LLC recently filed a Chapter 11 Bankruptcy in the Southern District of New York.  This filing, however, could have an impact on Alabama residents. American Roads owns and operates four toll bridges in Alabama.

Best Interest is one of the factors that must be met in order to have a chapter 13 plan confirmed or approved by the Bankruptcy Judge.  Best Interest test or liquidity test is found at 11 U.S.C.

On July 26, 2013, a jury in Oregon returned a verdict on behalf of an Oregon woman, Julie Miller, against Equifax Information Services. The jury awarded Ms. Miller $180,000 in compensatory damages and $18.4 million in punitive damages. See jury verdict here. The complaint filed by Ms.

The odds of actually winning the lottery are, unfortunately, pretty slim! The chances, however, are greater that, after seeking bankruptcy protection, you may find yourself the recipient of some type of “windfall”.