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Alabama State Bar Association Regulations require the following: “No representation is made that the quality of the legal services to be performed is greater than the quality of legal services performed by other lawyers.” 11 U.S.C. 528 of the U.S. Bankruptcy Code requires the following: “We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.”
Are Student Loans Dischargeable in Bankruptcy?
by Padgett & RobertsonIn 2020, student loan debt across the United States hit a whopping $1.56 trillion. Yes, trillion. This 1.56 trillion-dollar burden is borne by 45 million Americans. The only consumer debt category higher than student loans is mortgages. Credit card and automotive debt are dwarfed by student loan debt. The class of 2018 graduated with an […]
5 Possible Alternatives to Foreclosure on Your House
by Padgett & RobertsonBeing delinquent on your mortgage is a scary time. You’re faced with potentially losing your home at a time when stability is what you need. In 2008, U.S. mortgage foreclosures spiked as a result of overextended lending and poor credit standards. Currently, millions of Americans are struggling to make their mortgage payments due to the […]
Bankruptcy Is Not A Moral Failure
by Padgett & RobertsonWhen P.T. Barnum, the king of curiosities and co-founder of the self-proclaimed “Greatest Show on Earth,” went bankrupt, Ralph Waldo Emerson wrote that it showed the gods to be “visible again.” Emerson and many others were pleased that Barnum was in financial trouble because they disapproved of his money-making tactics. Emerson’s attempt to tie Barnum’s […]
Bankruptcy Exemptions Ensure You Don’t Have To Start From Scratch
by Padgett & RobertsonIna Garten is one of the most popular celebrity chefs in America. People love her recipes, and her positive attitude, which is on full display on Barefoot Contessa, her show on the Food Network. One of the things she has become known for is noting “store-bought is fine” if you can’t, or don’t want, to […]
Understanding Your Credit Score
by Padgett & RobertsonCredit 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
by Padgett & RobertsonDue 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
by Padgett & RobertsonAmericans 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 […]
We’re Ready To Turn The Page On 2020, Debt Collectors May Not Be
by Padgett & Robertson2020 has been a heck of a year. Many of us are eagerly anticipating the ball drop on New Year’s Eve so we can put this year behind us. Perhaps the only people interested in slowing down the clock are creditors who don’t want the debts they are owed to get too old to collect. […]
Will Filing For Bankruptcy Protect Me From Eviction?
by Padgett & RobertsonIn response to the COVID-19 pandemic, several states and cities across the country placed a temporary moratorium on evictions. But not Alabama. The only renters who have any sort of protection against eviction here are those living in HUD properties and rental houses with mortgages backed by Fannie Mae and Freddie Mac. This is one […]
Hospital Suing Patients Over Medical Debt Despite Pandemic
by Padgett & RobertsonYou would think that of all people medical providers would understand the importance of cutting folks some slack during the pandemic. But that is not the case. Hospitals are starved for cash since people have been delaying medical treatment and staying away from the doctor unless it is an emergency. To try and stay in […]