• How Does Chapter 13 Bankruptcy Work?

      How Does Chapter 13 Bankruptcy Work? Posted on Aug 26, 2016 By Ed Woods August 26, 2016 by Ed Woods One very powerful remedy that financially strapped consumers have is a discharge pursuant to Chapter 13 of the federal Bankruptcy Code. Chapter 13 bankruptcy is so named because it is Chapter 13 of Title 11 of the United States Code.

      Ed Woods/ Bond and Botes- 39 readers -
    • Social Security Administration: Alabama by the Numbers

      In my last blog post, I gave a quick rundown on a few of the services that the Social Security Administration (SSA) provides to individuals and the numbers associated with them. Again, the SSA has broken down these and other associated figures in detail on its website for those who are interested.

      Bond and Botes- 32 readers -
    • Discharge of Student Loan Debt Possible in Bankruptcy

      Discharge of Student Loan Debt Possible in Bankruptcy Posted on Aug 02, 2016 By Robert Reese August 2, 2016 by Robert Reese The discharge of student loan debt is possible in bankruptcy if the borrower can prove an extreme hardship. What does discharge mean? Simply that you are no longer legally liable to repay the debt.

      Robert Reese/ Bond and Botes- 32 readers -
  • Divorce After 50 and Surviving Financially

    Divorce can be a very challenging process for many. There has been an upward shift in divorce after 50. Researchers coin the phrase “Gray Divorce” to describe this. The National Center for Family & Marriage Research reports the divorce rate among adults over age 50 doubled and tripled for those over 65 between 1990 and 2014.

    Bond and Botes- 5 readers -
  • What is an Insider Payment?

    The bankruptcy code defines an insider as either a relative, a relative of a general partner, a general partner of the person filing bankruptcy or a corporation in which the person filing bankruptcy is an officer, director or personal in control. When filing bankruptcy you must answer whether you have made a payment on any debt owed to an insider within the last 12 months of filing bankruptcy.

    Mary Pool/ Bond and Botes- 7 readers -
  • Some Lesser Known Requirements in Bankruptcy

    Bankruptcy is common enough that most people know the basic principles for filing a case. However, some of the bankruptcy requirements are less well-known, which is why we always recommend you consult with an experienced bankruptcy attorney before filing a case. Keep Orderly Records First, the Court can require you to keep orderly business records if you own your own business.

    Nick Gajewski/ Bond and Botes- 9 readers -
  • Bridal Chain Alfred Angelo Files Bankruptcy

    As anyone who has planned a wedding knows, the wedding gown is one of the most important- and pricey- decisions the bride will make. Brides around the country are in a panic now that the bridal chain Alfred Angelo has filed for Chapter 7 bankruptcy. The company reportedly closed all 61 of its stores this past Thursday as part of its plan to file bankruptcy.

    Kathryn Davis/ Bond and Botes- 14 readers -
  • Episode 18 – Next Lawyer Up with Ron Sykstus featuring Doug Jones

    This episode of the Next Lawyer Up podcast features attorney Doug Jones. I know that it is probably not prudent to wade too much into politics on the Next Lawyer Up podcast but, in this particular case, I (speaking for myself only) am willing to make an exception. If there is any justice at all, attorney Doug Jones will be the very next United States Senator elected from ...

    Ron Sykstus/ Bond and Botes- 9 readers -
  • Three Major Credit Card Pitfalls to Avoid

    The average consumer knows that credit cards do have advantages, e.g., better response to fraud issues, ease of renting cars and hotel rooms, cash back and travel bonuses. The problem? Many consumers use them to spend more than they can afford. As simple as that notion may seem, CNN Money released an article suggesting that the problem of overspending could be avoided if consum ...

    Bond and Botes- 15 readers -
  • Is Credit Card Debt Stressing You Out?

    The Center for Financial Services Innovation study recently reported that nearly half of Americans say their expenses are equal to or greater than their income. For those ages 18 to 25, the percentage is over half, up to 54%. In my practice, I see this time and time again with my clients after reviewing their income versus their expenses. The bulk of a client’s income is spent on housing.

    Gail Donaldson/ Bond and Botes- 7 readers -
  • Tough Love is Called for When Paying the Bills of Your Adult Children

    As a consumer bankruptcy attorney I frequently find myself advising clients who need bankruptcy relief because they have taken on the burden of not only their own debt but also debt incurred for their adult children. Of all the folks I try to help, this is oftentimes the most heartbreaking client. I know the client has found themselves in financial turmoil because of love for t ...

    Bond and Botes- 6 readers -
  • Alabama: The State of Pain

    Believe it or not, North Alabama has been, at least until very recently, a contender for the nation’s leader in terms of frivolous opioid pain killer prescriptions. Per an earlier plea agreement, on February 7, 2017, Dr. Shelinder Aggarwal, formerly of the Chronic Pain Services clinic in Huntsville, Alabama, was sentenced to 15 years in federal prison for illegally prescribing ...

    Bond and Botes- 10 readers -
  • Knoxville Debt Relief Legal Advice Clinic for Qualified Consumers

    We are proud to announce that Knoxville attorneys Cindy T. Lawson and Heather Ellis Banks will be volunteering their time and expertise to assist their community. Legal Aid of East Tennessee (LAET), in partnership with the Knoxville Bar Association (KBA) has created a Debt Relief Legal Advice Clinic (DRLAC).

    Bond and Botes- 16 readers -
  • Beware of Debt Collection Scams!

    In late June, the Federal Trade Commission (FTC) filed a complaint in federal court in North Carolina against a debt collection company in that state. Allegedly, the debt collection company took money from consumers for fake (so called “phantom”) debts. In other words, for debts that the consumers did not actually owe. According to the FTC, here’s how this scam worked.

    Ed Woods/ Bond and Botes- 13 readers -
  • Getting a Mortgage May Have Just Gotten Easier

    CNBC’s Diana Olick reports that two major lending changes mean it may be easier to qualify for a mortgage. Credit Rating Changes First, the three major credit rating agencies will no longer report tax liens and civil judgments on some consumer’s profiles if the information isn’t complete. For the data to be reported, it must include the person’s name, address, and either their ...

    Bond and Botes- 12 readers -
  • Episode 17 – Next Lawyer Up with Ron Sykstus featuring Max Gardner

    This episode of the Next Lawyer Up podcast features attorney Max Gardner. If there is a nationwide “de facto” Dean of the consumer bankruptcy bar in our country, then Max Gardner is it. Max is a fountain of knowledge who counsels, advises and encourages consumer bankruptcy lawyers nationwide on a daily and, oftentimes, hourly basis.

    Ron Sykstus/ Bond and Botes- 10 readers -
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