Since the 2008 mortgage crisis, legislators, consumer watch groups, and other advocates for low-income borrowers have been paying closer attention to predatory lending techniques. While most attention has been paid to lending in the housing industry, car lenders have also been known to target and exploit low-income earners. The federal government is taking action with the auto lending industry where unscrupulous practices have left low-income earners unable to recover from loan debt.
For most debtors, filing bankruptcy comes after years of hardship, trying to pay off debt and make ends meet. Our Birmingham bankruptcy attorneys understand the severe hardship faced by our clients. We know that making the decision to file bankruptcy is often a last resort for individuals who have gone through divorce, unemployment, or an illness or injury. Rather than let your debt continue to mount, you can eliminate or reorganize debt to get back on a path to financial freedom. Our attorneys will review your assets, debts, and income to determine the best solution for you and your family.