Blogs

Chapter 13 Bankruptcy Do's and Don'ts

Here are a few pointers to help you at the start of the Chapter 13 bankruptcy process.

1. Be Patient

When I said bankruptcy “process,” I really meant it’s a process.  Filing for bankruptcy relief is comparable to filing your taxes.

What is a Bankruptcy Trustee?

When discussing bankruptcy, you will often hear references to the “trustee of the case.”  The trustee is a court-appointed individual that oversees your bankruptcy case.

While many debtors have an initial fear of the trustee, it is generally unwarranted.  A trustee is not attempting to sabotage your bankruptcy case.  In all likelihood, the trustee would prefer for your case to succeed just as much as you, although your opinions of the most beneficial outcome may differ somewhat.

What is Chapter 12 and Who Does It Help?

gadsden attorney Carla HandyChapter 12 of the Bankruptcy Code was developed in the 1980s specifically for family farmers and family fishermen.  In the 1970s, a rise in farm exports, commodity prices, and land values resulted in family farmers opening up larger and more expensive farming operations to keep up with demand.

Student Loans and Buying a Home

Attorney Ed WoodsLarge amounts of student loans continue to be a problem for many people. The Washington Post recently reported on a Federal Reserve study concerning student loans and homeownership.

Warning About Refinancing Student Loans

heather-ellis-banksInternet ads promise huge savings on student loan debt if you consider refinancing with a specific company.  The companies like SoFi, CommonBond, Credible, LendKey and Splash Financial have been under heightened scrutiny by the Federal Trade Commission.

Beware of Debt Consolidation Companies

Attorney Suzanne ShinnYou've heard the commercials:

If you owe $10,000.00 or more to the IRS, CALL NOW. Don't contact the IRS alone.

Or

If you owe more than $5,000.00 in credit card debt, CALL NOW for help in consolidating your credit cards.

Pages

Bond & Botes Law Offices

At Bond & Botes, we now offer full service bankruptcy consultation and filing over the phone or by video from the comfort and safety of your home or office. Please call 1-877-581-3396 or click here to setup your free phone or video consultation.

The lawyers at the Bond & Botes affiliated offices serve clients at offices in Anniston, Birmingham, Mobile, Montgomery, Opelika, Decatur, Huntsville, Florence, Haleyville and Gadsden, Alabama; Vicksburg, Hattiesburg and Jackson, Mississippi. Read our disclaimer here. You can view our Privacy Policy here.

Alabama Offices

Birmingham

2107 5th Avenue North
Age-Herald Building
Birmingham, Alabama 35203
Phone: (205) 802-2200


Shelby County Location
15 Southlake Lane, Ste 140
Birmingham, AL 35244
Phone: (205) 802-2200


Florence Location
121 S. Court Street
Florence, AL 35630
Phone: (256) 760-1010


Huntsville Location
225 Pratt Avenue NE
Huntsville, AL 35801
Phone: (256) 539-9899


Montgomery Location
311 Catoma Street
Montgomery, AL 36104
Phone: (334) 264-3363


Decatur Location
605 Bank Street NE
Decatur, AL 35601
Phone: (256) 355-2447


Haleyville Location
914 19th St.
Haleyville, AL 35565
Phone: (256) 760-1010


Gadsden Location
430-B Chestnut Street
Gadsden, AL 35901
Phone: (256) 485-0195


Opelika Location
216 South 8th Street
Opelika 36801
Phone: (334) 264-3363


Anniston Location
1302 Noble St #2C
Anniston, AL 36201
Phone: (256) 485-0195


Cullman Location
200 Second Avenue SW
Cullman, AL 35055
Phone: (256) 739-9866


Mississippi Offices

Jackson Location
120 Southpointe Dr., A
Byram, MS 39272
Phone: (601) 353-5000


Hattiesburg Location
607 Corinne St, Ste B8
Hattiesburg, MS 39401
Phone: (601) 353-5000


Vicksburg Location
1212 Farmer Street
Vicksburg, MS 39180
Phone: (601) 353-5000

© 2024 by Bond & Botes Law Offices. All rights reserved. Disclaimer | Privacy Policy