Blogs

Clifton R. Jessup Jr.

A prospective client came into our Birmingham, AL office to get more information about Bankruptcy. As we were reviewing her list of creditors, she noted that one of the creditors had a cosigner. A little more than a year prior, she cosigned a loan on a vehicle for her younger sister.

In 2008, Congress passed the National Guard and Reservists Debt Relief Act and it was signed by the President into law on October 20, 2008. This new law became effective on December 19, 2008.

We are right in the middle of tax season and you have several options for filing your return.  You can hire a professional to do it for you, buy software and follow the directions, or just print out some forms and fill them out manually the old fashioned way.

Every day, I meet with people to discuss their finances. One common subject is classifying the type of debts that they have. Rent-to-own contracts have become all too common in today’s financial market. Many people are unable to acquire standard financing so they turn to alternate methods to acquire property.

In my last blog, I described what constitutes a preferential transfer under the Bankruptcy Code.  Now I’ll go into a few of the defenses a creditor might have to a preference lawsuit by the bankruptcy Trustee.  These defenses, as well as several others, are set forth in

Promised Land:  VA Deal to House Homeless Los Angeles Veterans

In a saga that spans several years, new VA Secretary Robert McDonald recently reached an agreement that will help house many homeless veterans in the Los Angeles, California area.  This saga goes back to the late 1800s and involves very expensive California property.  The story can be found here.

From Selma to Montgomery, preparations for the celebration of this weekend’s 50th Anniversary of the Selma-to-Montgomery Voting Rights March are in full swing.  I recently had the opportunity to meet Eleanor Lewis Dawkins.  Ms. Dawkins is the daughter of Rufus Lewis.  Mr.

If you are in default on your student loan, the student loan creditor, or the collection agency for the student loan creditor can seek to garnish your wages or take your tax refund to offset the loan amount.  A tax offset is where the Department of Education notifies the Department of Treasury to take the