Rebuilding Your Financial Future: The Positive Impact of Filing for Bankruptcy on Your Credit Report
Submitted by the Bond & Botes Law Offices - Thursday, April 4, 2024
If you’re considering reaching out to a bankruptcy attorney or pondering over the decision of filing for bankruptcy, you’re likely navigating through a tumultuous financial landscape. The thought of impacting your credit score further may seem daunting, ...
Maximizing Your Tax Refund: A Strategic Approach to Paying for Bankruptcy Filing
Submitted by the Bond & Botes Law Offices - Thursday, February 29, 2024
The decision to file for bankruptcy is often fraught with anxiety and financial uncertainty. Yet, it can provide a fresh start for those overwhelmed by debt. One of the practical concerns about bankruptcy is the cost involved in filing. Interestingly, your annual tax refund, an often-overlooked asset, can be a strategic resource in this process.
Searches for "Give Back My Car" are Surging
Submitted by the Bond & Botes Law Offices - Tuesday, November 28, 2023
According to Google Trends, searches for “Give Back My Car” and “Voluntary Repossession” have doubled in the last 6 months. This after hitting a low point since the pandemic. There could be many reasons for this, inflation costs surrounding food and housing, overpricing cars when the dealer inventories were low in 2021 & 2022, or being tremendously upside down (owing much more than the car is worth).
Navigating the Holidays: Budgeting Tips and When to Seek a Bankruptcy Attorney
Submitted by the Bond & Botes Law Offices - Monday, November 20, 2023
The holiday season is a time of joy, festivities, and unfortunately, financial stress for many. As we dive into the season of giving, it’s crucial to approach it with a well-thought-out budget to avoid potential financial pitfalls.
HOME FORECLOSURE IN MISSISSIPPI
Submitted by the Bond & Botes Law Offices - Wednesday, October 18, 2023
In Mississippi, mortgage holders can foreclose on mortgage or deeds of trust that are in default. The mortgage lender will usually begin the foreclosure on mortgage or deeds of trusts that are in default. The mortgage company will usually begin the foreclosure process after 120 days missed payments. The mortgage company can use either judicial or non-judicial foreclosure process.
Navigating Bankruptcy in Alabama: Finding the Right Bankruptcy Attorney
Submitted by the Bond & Botes Law Offices - Monday, October 16, 2023
When financial difficulties become overwhelming, seeking the assistance of a skilled bankruptcy attorney can be the key to a fresh start. Whether you’re an individual struggling with mounting debts or a business owner facing financial challenges, bankruptcy may provide a path to financial recovery. In this blog post, we’ll explore how bankruptcy works in Alabama
Foreclosure in Alabama
Submitted by the Bond & Botes Law Offices - Monday, September 25, 2023
Alabama foreclosures account for 19.1% of all home sales each month, with an average home value of around $93,000. The foreclosure process in Alabama is short and can be completed in less than 60 days. Alabama is a non-judicial foreclosure state.
Reaffirming Debt
Submitted by the Bond & Botes Law Offices - Wednesday, August 16, 2023
A reaffirmation agreement is a legal contract between a debtor and a creditor during a bankruptcy case. It specifically applies to secured debts, which are debts tied to collateral, such as a car loan or a mortgage. In a bankruptcy case, you have the option to discharge certain debts, meaning you’re no longer legally obligated to repay them. However, with a reaffirmation agreement, you essentially agree to continue making payments on a specific debt even after your bankruptcy case is concluded.
Create a budget plan that works for you
Submitted by the Bond & Botes Law Offices - Thursday, July 27, 2023
The best budget planner is one you can live with, so tweak your approach as needed. For example, the 50/30/20 breakdown is a recommendation to help you get started. Adjust your spending as needed until you reach your ideal budget.
Financial Issues Millennials Face Today
Submitted by the Bond & Botes Law Offices - Wednesday, July 19, 2023
Millennials, identified as those born between 1981 and 1996, are the first generation to have grown up completely in the digital age. Not only are they very tech-knowledgable, but they are the most educated generation in U.S. history.