Blogs

Ronald C. Sykstus Recognized as a 2014 Super Lawyer

Ronald SykstusSuper Lawyers Magazine annually publishes a list of the top attorneys in Alabama. Super Lawyers rates outstanding attorneys from seventy or more practice areas based on peer recognition and professional achievement. The selection process is multi-phased and the lawyers are chosen by considering a combination of peer nominations, independent research and peer examinations.

What Are My Options on a Garnishment?

Ed WoodsThe Severity of Garnishments

A garnishment is a serious situation. Ignoring a garnishment can hurt you.  Generally speaking, a garnishment is a type of legal proceeding that allows someone you owe to seize your non-exempt property to satisfy a debt.

Coldwater Creek files for Chapter 11 Bankruptcy Protection

Attorney Amy TannerThe women’s retail clothing store, Coldwater Creek, filed for Chapter 11 Bankruptcy Protection on April 11, 2014 in Wilmington, Delaware after efforts to sell the company failed. The clothier has been in business for 30 years, however, they have not posted an annual profit since 2007 and the company’s sales plunged 17 percent last year.

Which is Better, Debt Settlement or Bankruptcy?

Bankruptcy can often be a far better option than a debt settlement program. It is a process that has a defined beginning and end with protection from collection efforts from your creditors while you are in that process.

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Financial Debt Help: How You Can Help Yourself

There is no law that says you must seek any formal, legal debt relief.  For example, you can contact your creditors at any time and inform them that you’re having a hard time making ends meet and ask them to work with you. You might ask them to reduce your monthly payments.  Or, perhaps they would be willing to take less than the balance owed if you pay the reduced balance in a lump sum.

Bankruptcy Filing Fees Will Increase June 1, 2014

Knoxville Attorney The Judicial Conference of the United States approved two amendments to the Miscellaneous Fee Schedule in its March 2014 session that impact bankruptcy filings.  The filing fee for a chapter 7 bankruptcy will increase from $306.00 to $335.00 and the filing fee for a

Beware of Scammers Impersonating the IRS

Amy TannerThe Internal Revenue Service (IRS) has recently issued a statement warning taxpayers about a nationwide scam that is being carried out by telephone and email. Scammers are calling innocent taxpayers and demanding payments with a prepaid debit card or a wire transfer.