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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.”
What Happens to Your Spouse’s Personal Debt When They Die?
by Padgett & RobertsonLosing your spouse is likely one of the most painful experiences you’ll ever go through. Unfortunately, this is only the tip of the iceberg. While processing your grief, you have to go through funeral planning, handling their final affairs, and in some cases—calls from debt collectors. Whether you’re looking ahead to the future or dealing […]
Should I Reaffirm My Mortgage Debt During a Bankruptcy?
by Padgett & RobertsonMost people who file for bankruptcy opt to have all qualifying debts discharged. However, that isn’t always the case. There are situations in which a debtor opts to reaffirm one or more debts. Reaffirming a debt does not discharge it in bankruptcy, so you are still responsible for payments. There are obvious downsides to reaffirmation […]
Can I File Bankruptcy on A Bail Bond?
by Padgett & RobertsonWhen someone takes out a bail bond, they may not understand the financial and legal complexities that come with it. If you co-signed on a friend’s bail bond and you’re struggling with the payments, you may wonder if bankruptcy is an option available to you. There is no one quick and easy answer—you have to […]
Should I Get a Second Job or File for Bankruptcy?
by Padgett & RobertsonWhen financial difficulties start slowly taking over your life, you may face a number of tough decisions. They often come down to either working more, maybe a second job, to pay off debt or filing bankruptcy for a fresh start. Both options have advantages and disadvantages, and they affect your life and finances in very […]
How Will a Personal Bankruptcy Affect My Business?
by Padgett & RobertsonFiling for bankruptcy comes with challenges and consequences, but for most, the consequences are worth being free of debt. When you are a business owner, the stakes are a little higher. Depending on how your business is structured and how you have funded your business, your business could be in danger when you file for […]
Bankruptcy and Cryptocurrency: What You Need to Know
by Padgett & RobertsonBankruptcy and the Military: Unique Considerations for Service Members
by Padgett & RobertsonThe legal process of bankruptcy offers relief to those who are in overwhelming amounts of debt. Repaying your debt in full isn’t always an option, especially if you’re falling behind on payments and having to choose between putting food on the table and paying bills. Bankruptcy can give people like you a fresh start. Those […]
How Does Bankruptcy Affect Your Credit Score in the Long Run?
by Padgett & RobertsonWhat keeps someone in massive debt from filing for bankruptcy? In many cases, it’s a fear of damaging their credit score. Your credit score is the key to securing new lines of credit, enjoying lower interest rates on the debt you do carry, and otherwise making your financial status more secure. However, it doesn’t need […]
How Long Does a Chapter 7 Bankruptcy Take to Complete?
by Padgett & RobertsonWhether you’ve decided to move forward with Chapter 7 bankruptcy or you are still weighing your options, we know that you have questions. Many people wonder just how long a Chapter 7 bankruptcy will take—after struggling under the weight of unbearable debt for years, many of our clients just want to be done as quickly […]
When Can I Borrow Money Again After a Bankruptcy?
by Padgett & RobertsonYour debt is discharged, and it feels like a thousand-pound weight is lifted off of your shoulders. Still, you know that building your credit depends on responsibly using credit. Many people assume that getting credit is impossible after bankruptcy, leaving them wondering how they are supposed to ever rebuild their credit score. Fortunately, this is […]