Household debt increased by $1 trillion | On your debt

Recently, it was reported that Americans added over $1 trillion in debt in 2021. To put that into perspective, that’s just over $2,750 for every person in the country. This is the highest amount recorded in 14 years. The surge in borrowing is fueled in part by rising prices as consumers face the highest inflation seen in nearly four decades.

Inflation, Rising Rents and Rising Debt

For some, the rising cost of basic necessities, such as food and gasoline, coupled with historic increases in rents, is putting enormous pressure on the family budget. Although some are able to absorb these costs, many cannot and struggle to meet the repayment of their debts. Our team of debt relief professionals have the experience to help guide those struggling at this time.

Taking on more debt is often necessary for many households. It comes with unique financial risks, such as the risk of losing a source of income due to unemployment or a prolonged medical condition while having to repay that debt. And, debt has increased in all its forms during the pandemic, leaving many households in a financially precarious situation.

Bankruptcy Debt Relief

There are many options, but using bankruptcy protection continues to provide the most efficient and cost-effective way to control and end debt. Bankruptcy immediately stops harassing collection calls from creditors and provides asset protection. Used correctly, bankruptcy can be a stepping stone to a better financial future.

Helping people take control of their debt

The experienced attorneys at Bond & Botes Law Firms have helped more than 100,000 individuals and married couples recover from debt throughout Alabama and Mississippi during our 30 years in business. We offer free consultations to anyone looking to create a new financial future for themselves and start a debt-free life. If you have any questions about the process, please give us a call.

Bond & Botes helps people struggling with debt

We are local and offer a free, confidential face-to-face consultation with an experienced attorney. We also offer free consultations in the comfort and safety of your home or office by phone and/or video if you wish. Let us solve your financial problems. There’s no obligation, and that means there’s no downside to gathering the information you need to make good decisions about how to break the cycle of debt stress and go forward. We can answer all of your questions regarding Chapter 7 bankruptcy, Chapter 13 bankruptcy, stopping a foreclosure or wage garnishment, avoiding liens, stopping a lawsuit, l medical debt, personal loans, payday loans, credit card debt, etc. We can relieve your stress! We want to help you and we can help you!

Bond & Botes helps people struggling with debt

We are local and offer a free, confidential face-to-face consultation with an experienced attorney. We also offer free consultations in the comfort and safety of your home or office by phone and/or video if you wish. Let us solve your financial problems. There’s no obligation, and that means there’s no downside to gathering the information you need to make good decisions about how to break the cycle of debt stress and go forward. We can answer all of your questions regarding Chapter 7 bankruptcy, Chapter 13 bankruptcy, stopping a foreclosure or wage garnishment, avoiding liens, stopping a lawsuit, l medical debt, personal loans, payday loans, credit card debt, etc. We can relieve your stress! We want to help you and we can help you!

The State Bar of Alabama requires the following: “No representation is made that the quality of legal services to be provided is superior to the quality of legal services provided by other attorneys.


Bond, Botes, Sykstus, Tanner & McNutt, PC

The Web: www.bondnbotes.com

Facebook: facebook.com/Bond-Botes-Sykstus-Tanner-McNutt-PC-203986783117475/

102 South Court Street, Suite 314, Florence, AL 35630

Telephone: 256-760-1010 • Fax: 256-760-1023

Opening hours: Monday to Friday • 8:00 a.m. to 5:00 p.m.

No representation is made that the quality of legal services to be provided is superior to the quality of legal services to be provided by other attorneys.

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