An Opportunity to Update the Real and Personal Property Exemptions Under Alabama State Law
Submitted by the Bond & Botes Law Offices - Tuesday, July 9, 2013
Medical Debts and Bankruptcy
Submitted by the Bond & Botes Law Offices - Monday, July 8, 2013
Recently, NerdWallet Health published an article that estimates that 56 million Americans under the age of 65 will struggle with medical debts in the year 2013. Astonishingly, NerdWallet stated that one in five American adults will struggle to pay medical debts this year. The article further stated that medical bills are the leading cause of personal bankruptcy.
Interest Rates Can Be Reduced in Bankruptcy
Submitted by the Bond & Botes Law Offices - Wednesday, July 3, 2013
If you have a high rate of interest on loans, a Chapter 13 Bankruptcy can reduce the interest rate resulting in a much lower monthly payment. This is called a “cramdown.” The interest rate unsecured creditors such as credit cards, finance company loans,
When Can I File For Bankruptcy Again?
Submitted by the Bond & Botes Law Offices - Friday, June 28, 2013
Despite what most people think, considering the current economy, bankruptcy filings are actually down nationwide. One would think that with the high rate of foreclosures, job losses, sequestration and cut backs that more people would have a need to file bankruptcy.
Can Filing for Bankruptcy Affect the Auto Shut Off Device On My Car?
Submitted by the Bond & Botes Law Offices - Wednesday, June 26, 2013
An auto shut off device is a device installed on a vehicle by a car dealer that is usually a buy here, pay here type auto dealer. If you do not make your payments to the dealership timely, the device will be activated and it disables the vehicle until a payment is made and the buyer obtains a new code. If a payment is not made, this shut off device allows t
Fair Credit Billing Act (FCBA)
Submitted by the Bond & Botes Law Offices - Monday, June 24, 2013
The Fair Credit Billing Act (FCBA) is a subsection of the federal Truth in Lending Act (TILA). It is an important federal law for all consumers since it contains the billing error procedures at sections 1666 and 1666(a). These billing error procedures most commonly assist consumers when they are disputing credit card transactions on their credit card statements for which they do not believe that they should be held liable.
Can I Be Denied a Bankruptcy Discharge of my Debts?
Submitted by the Bond & Botes Law Offices - Thursday, June 13, 2013
Can I Transfer or Give Away Any Property Before I File For Bankruptcy?
Submitted by the Bond & Botes Law Offices - Monday, June 10, 2013
Will I Have To Pay More in a Chapter 13 If I Get a Pay Raise in the Future?
Submitted by the Bond & Botes Law Offices - Wednesday, June 5, 2013
This question really depends on where you have filed your chapter 13 petition since the local rules of each court governs how income changes will affect a chapter 13 plan. In some district, the change will not matter but it others it might.
Can I Be Arrested for Defaulting on My Payday Loan?
Submitted by the Bond & Botes Law Offices - Monday, June 3, 2013
The short answer to this question is NO! This question usually comes to me or my colleagues from a frightened victim of this “payday loan scam” after they have been contacted by a self labeled “collector” plying intimidating scare tactics to collect on a debt.