Blogs

How Can I Stop a Foreclosure in Alabama?

Tennessee is a non-judicial foreclosure state. That means that a lender can foreclose on a property in Tennessee without going to court. It also means that the foreclosure process can move very quickly compared with the process required in a judicial foreclosure state. 

If you're concerned about how to rebuild credit after bankruptcy, you are far from alone. This is a question we hear often, both from people considering bankruptcy and from people who have already filed for bankruptcy and are now looking to build better financial futures. Fortunately, it is very possible to rebuild your credit history and raise your credit score, often within one to two years after bankruptcy.

Having just observed another Halloween, I thought this might be a good time to discuss the evils of “Zombie Debt.” 

Credit card debt is a problem, both for the nation and for individuals. According to credit reporting agency Experian, Americans were carrying about $834 billion in credit card debt as of the end of 2018, and that number continues to grow.

The 341 Meeting which has been scheduled in your case will be held at the Robert S. Vance Federal Building located at 1800 Fifth Avenue North, Birmingham, Alabama 35203-2111.

Remember to dress appropriately for your hearing-business casual attire. (Shirts with collars and sleeves, long pants, skirts or dresses with sleeves. No shorts, t-shirts, tank tops, flip flops, etc.) 

For many homeowners, real property plays two very important roles: the family home and the family’s largest asset. So, it’s no surprise that most people who own homes and are considering bankruptcy have questions about how filing bankruptcy will impact home ownership. The answer to that question depends on a variety of factors, including:

Having your car repossessed can be catastrophic. When repossession happens, it’s usually because you’re already struggling financially. Suddenly, you may find yourself without the transportation you need to keep income flowing, whether that means driving to work or going on job interviews. And, depending on where in Alabama you live, you may also need your vehicle to take your children to school, grocery shop, get to medical appointments and more.

If you’ve ever been pursued by a debt collector, chances are good that you felt harassed. But, “debt collector harassment” has a specific legal meaning. And, when that line is crossed, the law protects consumers and creates a framework for fighting back. A consumer who has been harassed by a debt collector may even be entitled to statutory damages of up to $1,000, in addition to any actual damages suffered. In some cases, punitive damages may also be appropriate. 

Many people who are struggling financially hesitate to consider bankruptcy because they have heard that they will lose their homes if they file for bankruptcy protection. "Can I keep my home if I file for Bankruptcy" is one of the most common questions we hear in our office. The truth, though, is that most bankruptcy filers are able to keep their homes. In fact, some people who have fallen behind on mortgage debt can use the bankruptcy process to help save their homes.