Filing for bankruptcy, while frightening, can often provide individuals and families with a great deal of relief from financial hardships. If you have decided to file for bankruptcy in Birmingham, you will need to collate and provide several important financial...
Alabama Bankruptcy
Understanding debt negotiation
Individuals in Birmingham who are dealing with overwhelming debt may hesitate to do anything about it because they feel that bankruptcy is their only option. Fortunately, that is not true. Debt negotiation is a process by which individuals who are struggling with debt...
How to quickly recover from credit card debt
Nationwide credit card debt continues to soar, leaving many households steeped in what they often believe will be a never-ending debt cycle. Fortunately, the following is a list of tips for these individuals that may enable them to pay off their credit card balances...
Bankruptcy terminology everyone should know
Since bankruptcy is a legal procedure, many of its terms can be confusing, especially to those people who are considering filing for the first time. Below are terminologies people should know when considering filing for bankruptcy:Insolvency means that a person or a...
Indicators that you should consider bankruptcy
People who are dealing with financial difficulties can often be confused and may likely think that their problem will never end. People in Birmingham who are struggling with their finances may want to consider filing for bankruptcy if they experience any of the...
1 in every 6 NFL athletes files for bankruptcy
A recent study revealed that an average of one in every six NFL football players file for bankruptcy, an article from Ventura County Star reported.According to the research conducted by the National Bureau of Economic Research, professional football players seek...
Troy officials warn people of payday loan companies’ bad practices
A meeting was held recently in Troy City to inform residents about predatory loaning businesses, WSFA12 reported on June 12.According to Troy City Councilwoman DeJerilyn King Henderson, many consumers did not know that they are likely paying more in...
Foreclosure levels in Calhoun County continue to improve
The Anniston Star reported on April 2 that there were fewer foreclosures in Calhoun County in 2014 than the past several years.According to reports, an estimated 70 homes were foreclosed on in the county from the second until the fourth quarter of...
5 percent increase in U.S. foreclosure rate
Real estate data provider RealtyTrac revealed on February 12 that foreclosed properties in the U.S. climbed by 5 percent over the past month–making it the highest increase in the last 15 months, Business Insurance reported.Daren Blomquist of RealtyTrac stated that...
Senator proposes alternative to payday loans
In a proposed bill, U.S. Senator Sherrod Brown suggested allowing families to withdraw money they would have received on their tax return, thereby allowing them to avoid the high interest of predatory payday loans, 1370 WSPD reported on January 19.According to the...