Blogs

The iconic firearms maker, Colt, recently filed for bankruptcy protection on June 14,  2015. Colt hopes this will allow for the restructuring of its debt while remaining open for business. This not the first time that Colt has run into financial difficulties. Sam Colt opened his first firearms plant in 1836 but it closed 6 years later because of poor sales.

A recent CNBC article reports that the number of delinquent mortgages is falling, however, the foreclosure crisis does not appear to be over.

Chapter 13 is a section of the Bankruptcy Code that allows individuals and small business owners in financial difficulty to repay their creditors.

You can buy a home after bankruptcy! In tough economic times, many clients worry about the impact of filing bankruptcy on their ability to purchase a home in the future, but subject to several guidelines, a debtor can obtain a mortgage and buy a new home after bankruptcy.

A recent article discussed the vast number of people suffering from alcohol addiction.  The article noted that “Alcohol's addictive qualities are well-documented. Approximately 17.6 million people, or one in every 12 adults, suffer from alcohol abuse or dependence, according to the NIAAA.

Recently, Donald Trump announced that he was running for President. While his chances of getting elected are slim, it did make me wonder if a former President had also sought bankruptcy protection. As you may know, Mr.

On June 11, 2015, Governor Robert Bentley signed a law increasing the Alabama property limits for the first time since 1982.  Now, the homestead exemption for an individual is $15,000 (or $30,000 for a couple) and $7,500 for personal property for an individual (or $15,000 for a couple).  This is great news for Alabamians who are forced to turn to bankruptcy to protect th

On May 27, 2015, the Board of Governors of the Federal Reserve released a survey regarding the financial health of the U.S. Economy.  The report, titled the “Report on the Economic Well-Being of U.S. Households in 2014” focused on the current state of the U.S. Economy from the perspective of its citizenry.  The report is full of very useful and insightful information concerning the financial health of its citizens.

You’ve probably heard someone say that filing a bankruptcy case is the worst thing you can do. This conclusion is almost always followed by a horror story about it. It usually goes something like this. This person starts telling you about their “cousin” who filed a bankruptcy case.