Blogs

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

This is a recurrent ad for debt settlement companies that advertise services to help people resolve debts:

“Call our 800 phone number now and we can negotiate with your creditors under a little-known government program that will reduce your credit card debt and it is the secret that the credit card companies don’t want you to know.”

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.

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.

3-Part article series about the current state of the Security Clearance process

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.

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.

By Mary Conner Pool

For years, most borrowers filing for bankruptcy did not get relief from their student loan debts; instead, they had to deal with them once they were out of bankruptcy. To attempt to get relief from a student loan, a debtor files a separate lawsuit called an adversary proceeding to determine whether the debtor meets an “undue hardship” burden to discharge their student loans in whole or in part.

By Ronald C. Sykstus

If get a Statement of Reasons (SOR) from the government that says it wants to revoke or deny your security clearance, this is a serious matter that requires immediate attention. Without a clearance and if your employer does not have any available non-classified work for you to do, then a revocation or denial of a security clearance will result in the loss of the job.

Celebrating Amy Kondrath Tanner’s Election as the Upcoming Chair of the Bankruptcy and Commercial Law Section of the Alabama State Bar

We, the lawyers and staff of the Bond and Botes Law Offices, are thrilled to extend our warmest congratulations to our esteemed colleague, Amy Kondrath Tanner