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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.”
Can I Discharge Unemployment Overpayment in Bankruptcy?
by Padgett & RobertsonWhen your budget is stretched to its limits, any additional expense can break you. That’s what many Alabama residents are facing as the Alabama Department of Labor continues to seek repayment of overpaid unemployment. If you’ve been asked to repay unemployment overpayments, just as you start to get back in order after the pandemic, what […]
Helpful Ways to Save on Groceries and Fight Inflation
by Padgett & RobertsonInflation is hitting everyone, and if you’re like the rest of us, you’ve seen a significant boost in your grocery bill. Who doesn’t love spending more and getting less, right? While there’s nothing you can personally do to stop inflation, you can use some easy tricks to keep your grocery bill manageable while still keeping […]
Will You Lose Your Cell Phone in a Bankruptcy?
by Padgett & RobertsonIf you’re like most people considering bankruptcy, this is your first time facing such serious financial struggles. Because of this, it’s normal to have lots of questions about the process. Will you lose your home? How will your credit be affected? What items do you get to keep? Do you get to keep possessions like […]
Can You Declare Bankruptcy on a Second Mortgage?
by Padgett & RobertsonMost people only consider bankruptcy as a last resort when nothing else has helped them get out from under their debt. They may have gotten second jobs, sold extra items laying around the house, or taken out a second mortgage to consolidate debt and get a lower interest rate. But when all of those efforts […]
Important Considerations Before You File for Business Bankruptcy
by Padgett & RobertsonYou started your business with hard work and a dream, but perhaps things haven’t worked out quite as you’d hoped. With the economy always in flux and inflation hammering small businesses, a growing number of companies are filing for bankruptcy. If you’re thinking about this option for your business, set aside some time to talk […]
Inflation Driving a Flood of New Bankruptcies
by Padgett & RobertsonInflation is incredibly high, and it’s impossible to ignore. Everywhere you turn, someone has a comment—the news, social media, people you make small talk with. Inflation is just up past 8.5%, putting it at the highest it’s been in 40 years. This sends a ripple through every part of the economy and is expected to […]
What is a Cramdown in Bankruptcy and How Can It Help?
by Padgett & RobertsonBankruptcy can be incredibly stressful, especially once you realize that you may have to give up some of your personal assets in order to pay back creditors. If you are filing for Chapter 13 bankruptcy, you may be able to use something called a cramdown to keep your items and decrease your debt as you […]
What Happens to My Cryptocurrency If I File for Bankruptcy?
by Padgett & RobertsonCryptocurrency has completely changed how many people invest, fund their passion projects, and plan for retirement. However, its decentralized and volatile nature makes it difficult to handle in traditional financial settings. For example, in bankruptcy, debtors have asked how their cryptocurrency holdings may affect their filing. Although cryptocurrency is still relatively new, legislation is evolving […]
The Main Types of Debt and How to Handle Each
by Padgett & RobertsonThe debt you owe plays a big part in your financial well-being and your credit health. However, there are lots of types of debt, and they should all be managed differently. Paying careful attention to your debt and its status can help you keep your credit score high and maintain control of your finances. If […]
Bankruptcy for Married Couples: Should We File Jointly or Separately?
by Padgett & RobertsonIf you’re married and considering bankruptcy, you’re likely confused by your options. Is filing for bankruptcy as an individual or as a married couple your best option? Unfortunately, there is no clear cut-and-dry answer to this question. It depends largely on the details of your assets, income levels, and debt. Consulting with a bankruptcy attorney […]