Dec 17, 2020 | Bankruptcy, David Poston
The Impact of Covid-19 Covid-19 has changed our way of life. Every day, we find ourselves having to adapt. Our economy has also been impacted by high jobless numbers and rising medical bills. Change is always challenging and these changes have had a ripple effect on unexpected areas of our lives. At Brock & Stout, …
read more: How Covid-19 Has Affected Bankruptcies in Alabama
Dec 14, 2020 | Bankruptcy, David Poston
Are you struggling financially? Bankruptcy could provide you a financial fresh start. But, to get all the benefits of bankruptcy you should avoid these three mistakes many people make when filing bankruptcy. Filing Too Late Many people delay filing bankruptcy out of fear or misunderstanding of the process. They try to do everything they can …
read more: 3 Mistakes to Avoid When Filing for Bankruptcy
Dec 1, 2020 | Miscellaneous
In his September 3, 2020 State of the City address, Mobile Mayor, Sandy Stimpson, announced the city had a plan to build or renovate 1000 affordable homes in the city by 2026. Since this announcement was only a part of his greater speech, he gave no specifics about the plan. But, on November 5, Mayor …
read more: Mobile Mayor Explains the City’s “1000 Homes by 2026” Initiative
Nov 21, 2020 | Bankruptcy, David Poston
Unfortunately, any number of possibilities could upset your financial stability. Personal hardships such as losing your job, facing an unexpected illness or injury, and divorce are several examples. Any of these could lead to out-of-control debt. You may also be trapped in what seems like an endless cycle of debt. If this happens, bankruptcy could …
read more: Bankruptcy is not a One-Size-Fits-All Process
Nov 4, 2020 | Bankruptcy, David Poston
Rent is one of the most important monthly expenses that you pay each month. It can also be one of your most expensive bills. What if your funds are low and you cannot pay your landlord? Do you have any options if you fall behind on your rent and are facing eviction? In Alabama, your …
read more: The Alabama Eviction Process
Oct 27, 2020 | Miscellaneous
Last month city officials across the Wiregrass received welcome news from the federal government about the awarding of a $450,000 grant. The grant comes from the US Department of Transportation (DOT) Better Utilizing Investments to Leverage Development (BUILD) program. The BUILD program helps fund infrastructure projects across the nation. The Wiregrass grant is one of …
read more: Federal Grant Could Bring Economic Change to Dothan and Enterprise
Oct 22, 2020 | Miscellaneous
Last month Alabama Sen. Richard Shelby announced that the city of Tuscaloosa, AL will receive a $15 million grant from the US Department of Transportation (DOT). The grant comes through the department’s Better Utilizing Investments to Leverage Development (BUILD) program. The BUILD program helps fund infrastructure projects nationwide. This year the DOT has dedicated $1 …
read more: Tuscaloosa Gets Economic Boost From $15 Million Federal Grant
Oct 21, 2020 | Bankruptcy, David Poston
Many Alabama citizens live from paycheck to paycheck. At times they find themselves needing short-term payday loans to make ends meet sometimes. According to the Alabama Department of Banking, 189,231 Alabamians took out 1.6 million payday loans worth about $563.6 million in 2019. Payday loans are quick turnaround cash loans that supposedly benefit the borrower …
read more: Alabama Payday Lending Laws
Oct 12, 2020 | Bankruptcy, David Poston
According to credit reporting agency Experian, Americans maintained approximately $830 billion in credit card debt through 2019. Almost 20% of credit cardholders carried more than $10,000 and almost 4% owed more than $30,000 in credit card debt. Owing large credit card debt causes significant financial stress. Many people with large credit card debt only obtained …
read more: Can Bankruptcy Help with Large Credit Card Debt?
Sep 28, 2020 | Bankruptcy, David Poston
Are you struggling with credit card debt? Do you fear that the credit card company will soon take action against you? You are not alone. The average American household owes $15,000 in credit card debt. Many of them face collection actions, including wage garnishment, for their unpaid credit card debt. Unfortunately, you cannot realistically ignore …
read more: Beware: Ignoring Credit Card Debt Could Lead to Wage GarnishmentBrock & Stout can help you with your Bankruptcy, Social Security Disability and Personal Injury claim needs today. Feel free to call our toll free number, contact us online or stop by one of our many office locations. We hope you will give us the opportunity and the privilege to help you and your family.
