The Arbitration Rule: Balancing the Interests of Companies and Consumers
Submitted by the Bond & Botes Law Offices - Friday, September 15, 2017
Mandatory arbitration provisions are once again at the forefront of policy discourse on Capitol Hill as government agency heads and members of Congress grapple with how to best balance the interests of both companies and consumers. But there doesn’t seem to be much hope for one side of the debate, as Congress is set to overturn a rule issued by the Consumer Financial Protection Bureau (CFPB) in July of this year.
What Happens If You Don’t Pay Your Student Loans?
Submitted by the Bond & Botes Law Offices - Friday, September 15, 2017
Americans are drowning in student loan debt. More than 3,000 people default on their federal student loans every day. It takes around 20 years for the average student loan borrower to pay off their loans. Today, there are over 44 million Americans with a total student loan debt of $1.4 trillion. But what happens if you can’t make the necessary payments?
In the Wake of Hurricanes Harvey and Irma, Beware the Purchase of Flood Damaged Automobiles
Submitted by the Bond & Botes Law Offices - Wednesday, September 13, 2017
It is estimated that 500,000 insurance claims on damaged automobiles will be filed as a result of Hurricane Harvey alone. Given that Hurricane Irma engulfed the entire state of Florida, the number of hurricane damaged vehicles there can be expected to be immense as well. According to the Chicago Tribune,
Who is Eligible for Social Security Benefits?
Submitted by the Bond & Botes Law Offices - Tuesday, September 12, 2017
In my blog today, I thought I would discuss generally who is eligible for Social Security retirement and work-related disability benefits.
How Does a Bankruptcy Affect a Lawsuit?
Submitted by the Bond & Botes Law Offices - Friday, September 8, 2017
Often, I consult with prospective and existing clients who are involved in a lawsuit. Normally, their first question is exactly how a bankruptcy case affects a lawsuit. The answer to that question depends on several factors.
The Bankruptcy Process
Submitted by the Bond & Botes Law Offices - Thursday, September 7, 2017
If you have more debt than you can juggle, it is always wise to seek the advice of a bankruptcy attorney. Bankruptcy may not always be the best course of action, but if it is, here is an overview of the process.
Senior Citizens Becoming Overwhelmed with Student Loan Debt
Submitted by the Bond & Botes Law Offices - Wednesday, September 6, 2017
Just when we think we can't take any more bad news about student loans we are now finding out that senior citizens are becoming overwhelmed with student loan debt. Not their own student loan debt, necessarily, but rather student loans that they either borrowed themselves, such as a parent-plus loan, or may have cosigned with their children and even grandchildren.
Is Debt Settlement A Good Alternative To Bankruptcy?
Submitted by the Bond & Botes Law Offices - Tuesday, September 5, 2017
Many people that I have met with have asked me my opinion about debt settlement companies. The advice I offer is to be diligent and research all of the options advertised. Most importantly talk with an attorney who has experience and knowledge in handling debt issues. In my opinion, the best way to do this is in a face to face meeting.
What are the Costs of Attending College?
Submitted by the Bond & Botes Law Offices - Friday, September 1, 2017
The cost of a College education is rising each year. I have 2 children, ages 2 and 7 and can only imagine what costs will be in 2028 and 2033. For example, The University of Alabama cost of attendance for the 2017-2018 academic year is estimated to be $30,184 for in-state students and $48,634 for out-of-state students.
Modifying a Chapter 13 Bankruptcy Plan
Submitted by the Bond & Botes Law Offices - Wednesday, August 30, 2017