Call Mobile Alabama lawyer James A. Johnson now at (251) 473-1800 or E-MAIL for a free consultation on auto accident, wrongful death, personal injury, bankruptcy, and ch 13 cases.
There are several ways to stop a foreclosure. One of the most common ways to prevent a mortgage company from foreclosing on your home is to file Chapter 13 Bankruptcy. Chapter 13 allows you to reorganize your debt and gives you the opportunity to pay your mortgage arrearage over a 3 or 5 year period. It is important that you consult with an experienced Bankruptcy attorney and file your case before the date that the foreclosure is scheduled.
My first jury trial resulted in a $1.15 million dollar verdict for my client. A few months after I graduated from law school a client walked into my office and told me a story of corporate greed and corruption. That story, and the lawsuit that I filed on his behalf that traveled all the way to the U.S. Supreme Court, still influences the way that I practice law today. Read the story and see parts of the actual file here.
On December 8, 2009 at 3:30 a.m. I woke up and smelled burning wire. A few minutes later our entire house was on fire and my wife and I were lucky to make it out alive. Investigators believe that lightning started the fire. I never thought in a million years that a fire would destroy our home. Looking back we realize that we were not adequately prepared for this disaster. Now I want to use my experience to help you prepare for a disaster and cope with its aftermath
Over the past several years more people have filed for Bankruptcy relief than at any other time in our nation’s history. If you are facing financial problems and are considering your options I have provied some answers to the most commonly asked Bankruptcy related questions here. Please understand that these answers are general in nature and are not specific to your case. Always consult with an attorney for specific direction regarding your case.
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When you file Ch. 13 there is a provision in the law called the Automatic Stay. The Automatic Stay is like a blanket that covers you when you file, preventing your creditors from taking “any action to collect a debt” from the date that you filed forward without permission from the Court. That Automatic Stay provision is what stopped the foreclosure when you filed.
The general rule is that if you are a co-debtor or co-signor (joint obligor) on a loan you are as responsible for the debt as the person whose name appears on the first line of the paperwork (primary obligor). Although the lender will generally expect the primary obligor to make the payments, they can come after the joint obligor any time the payment is late or the loan goes into default. Default simply means that payments are past any grace period. Most loans can be considered “in default” if the payment is a day late.
Even though Alabama law says that “contracts restraining business” such as non-compete agreements are void, there are so many exceptions to that law that non-competes are usually valid as long as they are reasonable, even if you’re laid off or fired. The law says an “employee may agree with his employer to refrain from carrying on or engaging in a similar business and from soliciting old customers…” which is the exception that most sales employees fall under.