Those who can no longer manage their debts may want to consider filing for Chapter 13 Bankruptcy. Also referred to as a “wage earner’s plan”, chapter 13 bankruptcy is a solution that gives an individual the capacity to create a plan to pay back all or a portion...
Birmingham Bankruptcy
Ex-Timberwolves player forced to seek bankruptcy
Former player for the Minnesota Timberwolves, Christian Laettner, is likely to find himself in bankruptcy court after his creditors took legal actions to recover the funds owed to them by Laettner, The Sydney Morning Herald reported.According to...
Foreclosure rate in Russell County among highest in state
Real estate experts recently observed that the Russell County foreclosure rate is one of the highest in the state of Alabama, making its way to the 9th spot, an article of wtvm.com reported on June 30. According to reports, of every 1,200 homes in Russell County, at...
Take a summer vacation while avoiding debt
For many families, credit card debt is an expected consequence of a nice vacation: American Express reports that a family of four is likely to spend approximately $4,580 on a vacation.Families who are on a tight budget may want to explore...
Birmingham student loan debt among highest in the country
A recent study by the analysts at WalletHub shows Birmingham is within the top two percent of the most debt-stricken cities in the country.The consumer finance website conducted their study by weighing median incomes against average loan amounts in 2,513 cities in the...
February’s nationwide foreclosure rate declines by 10 percent
10 percent decrease in the nationwide foreclosure rate was observed in February when compared to the same month last year, a report of Orlando Business Journal stated on April 12.According to reports, the recorded foreclosure inventory across the U.S. in February was...
Disadvantages of using software in filing bankruptcy
People today often take advantage of using computer software and internet technology to make completing tasks more convenient, including bankruptcy filing. Though the internet is a great source for relevant information on how to address financial issues, people...
Cancer survivors likely to experience financial hardships
According to a January 6 article from Fox News, working age cancer survivors are highly likely to face debt and foreclosure or file for bankruptcy. According to the researchers at the Kaiser Permanente Center for Health Research, at least one-third of cancer...
Illegal creditor harassment
People in Birmingham who are dealing with overwhelming debts may, at some point, experience harassment at the hands of creditors attempting to collect payments. However, it is imperative that debtors learn their rights when it come to creditor harassment. In...
Financial documents required for bankruptcy
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...