Entries by Padgett & Robertson

Understanding Your Credit Score

Credit scores underlie most major financial decisions including buying a home, a car, and even switching jobs – in some industries, a poor credit score can limit your employment. At Padgett & Robertson, we work with individuals and families in Mobile and the surrounding areas to repair their credit scores, contest wrongful credit reporting, and […]

The Fair Debt Collection Practices Act

Due to COVID-19, many Americans have found themselves unable to work due to no fault of their own. Despite the circumstances out of their control, debt continues to build and come due. Credit card debts, car loan repayments, and a litany of other debts are front and center for many Americans suffering the economic impacts […]

Debt Collectors Profit During The Pandemic

Americans currently owe more than $14 trillion in consumer debt. Of that, $372 billion is at least 90 days late and considered seriously delinquent. Those numbers are likely to increase as the COVID-19 pandemic persists, and debt collectors are overjoyed. At Padgett & Robertson, we are concerned what this will mean for people here in the Mobile […]

How Do I Know if I Qualify For Chapter 7 Bankruptcy?

Filing a Chapter 7 bankruptcy in Alabama can give you the debt relief you need to get a fresh start. However, debtors who file under Chapter 7 must meet income requirements to qualify for a bankruptcy discharge. The bankruptcy discharge is an order from the bankruptcy court that releases your liability for certain debts. Receiving a bankruptcy […]

How Can Filing for Ch. 13 Bankruptcy Help Me?

People file Chapter 13 bankruptcy in Alabama for a variety of reasons. In many cases, a person files Chapter 13 because of circumstances that were not within the person’s control. For instance, a person may be injured in an accident or become ill suddenly. The injuries or illness can create financial hardships because of unpaid medical bills […]

Mark Twain’s Path To Bankruptcy

“There are two times in a man’s life when he should not speculate: when he can’t afford it and when he can.” -Mark Twain This quip from Mark Twain, the pen name of author Samuel L. Clemens, was actually a hard-earned lesson. Although Twain married into a wealthy family, and was one of the most […]