Matthew A. Dunaway - Attorney At Law

Birmingham Bankruptcy Lawyer & Alabama Debt Collection Defense Attorney

Birmingham, Alabama
205.705.3590

Closed-End Credit Transaction Under TILA

Written by | | Truth in Lending TILA

Closed-end credit refers to a credit extended for a particular period of time and is set on a specific amount. For instance, if you purchase a washing machine under the closed-end agreement, a specific payment must be paid within a fixed time period (a specific number of week or months). The credit must be repaid…Read more

Open-End Credit Transactions Under TILA

Written by | | Truth in Lending TILA

An open ended credit is generally described as an agreement or a pre-approved loan between the borrower and the financial institution or the lender. The loan can be put to use by the borrower repeatedly, however, only to a particular limit and must be repaid subsequently before the payments turn overdue. To put it simply,…Read more

Real Estate Settlement Procedures Act – RESPA

Written by | | Truth in Lending TILA

Someone who is planning to apply for mortgage in order to refinance his/her home must have a clear knowledge of the rights he/she enjoys under the Real Estate Settlement Procedures Act, also known as RESPA. RESPA happens to be a consumer protection statute. This act was first passed in the year 1974. It enables consumers…Read more

Home Ownership and Equity Protection Act – HOEPA

Written by | | Truth in Lending TILA

While granting particular consumer mortgage loans, some lenders engage in unscrupulous lending practices. This is known as predatory lending, which brings harm to legitimate lenders and consumers and adds to high foreclosure rates. Such practices can be prevented by applying several kinds of consumer protection laws. If, in any case, you are planning for refinancing…Read more

Truth in Lending Act Legislation

Written by | | Truth in Lending TILA

TITLE 15–COMMERCE AND TRADE CHAPTER 41–CONSUMER CREDIT PROTECTION SUBCHAPTER I–CONSUMER CREDIT COST DISCLOSURE Part A–General Provisions Sec. 1601. Congressional findings and declaration of purpose (a) Informed use of credit The Congress finds that economic stabilization would be enhanced and the competition among the various financial institutions and other firms engaged in the extension of consumer…Read more

Fair Credit Billing Act – Overview

Written by | | Truth in Lending TILA

At some point of time, you might have received billing for a product you had returned or had never received. Your credit card company might have twice extracted money from you for the same item. These things are bound to annoy you a lot; but, they can be corrected too. The dispute settlement processes of…Read more

History of Truth in Lending Act – TILA

Written by | | Truth in Lending TILA

After several years of legislative study, research and struggle, the United States Congress and President Lyndon B. London agreed and signed the Consumer Credit Protection Act (CCPA). Truth in Lending Act (Title I) was a part of the CCPA. After the enactment of the law, this act was considered to be a milestone in legislation.…Read more

Truth in Lending Act – Overview

Written by | | Truth in Lending TILA

Truth in Lending Act (TILA) – An Overview In 1968, the Truth in Lending Act came into existence and was enacted by the Congress in the United States of America. A Federal law, Truth in Lending Act was especially crafted to protect customers in their dealings with creditors. The act states that certain related information…Read more

Right of Rescission Under TILA

Written by | | Truth in Lending TILA

The federal law offers a ‘cool-off’ period, if you are refinancing your purchase money loan with another lender or getting a home equity loan. This cool-off period is offered in the ‘right of rescission’. To put it simply, this credit law provides you with some extra time to help you decide on the agreement. Under…Read more

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Client Testimonials

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With all the anxiety I had going into this process. You made it as easy as possible. From always being available to answer all the questions to never making me feel ashamed of my current financial position. You gave me hope and helped me to feel that this was not the end but rather the beginning. Thank you again for all your help!

Mel H.

He was so helpful and made me feel at ease every step of the way!

Lotnina E.

I felt you were very knowledgeable about what you are doing and you actually care about your clients. I’m glad I drove the hour to your office instead of choosing a lawyer that was just 5 minutes from my house. We want to Thank you for All your help. Thank You very much for taking time to here our situation and helping us through that difficult time.

Ron M.

Matt, You made my bankruptcy experience so easy and smooth. How can I ever thank you? I came to you, afraid but hopeful. I became confident that everything would work out in my favor after talking with you several times, and I thank you so much for those assurances. I was drowning in debt which was affecting my health, both mentally and physically, due to all the stress from having to deal with financial problems most of the time. I had the best family Thanksgiving this year, since I was free of that burden. I am happier and healthier now,… Read more “Iris H.”

Iris H.

Latest Articles From The Blog

Birmingham Bankruptcy Courthouse Reopened

The Birmingham Bankruptcy Courthouse, officially known as the Northern District of Alabama-Southern Division, recently reopened after several years of renovations.  Although the outside has kept its classic look, except for some minor landscaping changes, the inside is vastly different.  All three courtrooms are now located on the first floor, right off the main lobby area, making it much easier for debtors, creditors and attorneys to find their way to the correct courtroom.  Meeting of Creditors hearing are now held on the basement level in a room much more conducive to its purpose.  Although I cringe at the estimated cost ofRead more “Birmingham Bankruptcy Courthouse Reopened”

Your Bankruptcy Hearing: What to Expect

For many people, one of the most frightening aspects of bankruptcy is going to court. What’s going to happen?  Who will be there?  Will I be asked embarrassing questions? Here are 10 things you need to know about your bankruptcy court date: 1.  Don’t expect to see the Judge.  If you file Chapter 7 Bankruptcy, you will probably never see the Judge.  A “Bankruptcy Trustee” (he’s just a lawyer appointed by the court to administer your case) will ask you four or five simple questions at your hearing. 2.  Your bankruptcy lawyer will be at the hearing with you.  He’s there toRead more “Your Bankruptcy Hearing: What to Expect”

To Deduct or not to Deduct: The Means Test, the Supreme Court and your car.

May a debtor claim an ownership expense deduction under the means test if the vehicle is unencumbered? The Supreme Court will hear a case on this issue to resolve a split in the circuits; well, not a 50/50 split, but the usual split…the 9th Circuit versus everyone else. Pre-BAPCPA, this would be a simple issue…if the debtor has an expense, then the debtor is allowed the deduction, as long as it does not breach the subjective test of “substantial abuse”; a subjective test based on “real” objective figures. In 2005, BAPCPA introduced the “means test”, an objective test based onRead more “To Deduct or not to Deduct: The Means Test, the Supreme Court and your car.”

Hello, I am Matt Dunaway

I like helping people. That’s why I practice law and focus in the areas I do. Sometimes, things don’t go like we expected them to go. I can vouch for this from personal experience. And sometimes, we need help getting back on track.

That’s what I do. I help people get back on track, financially.

Read Matt's Bio

Location

One Perimeter Park South
Suite 100 North
Birmingham, AL 35243
 

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