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What is Chapter 13 Bankruptcy and How Do I File For It In Alabama?

Wattsville, AL–If you're an individual who earns a regular income, you may qualify to file for Chapter 13 bankruptcy in Alabama. Chapter 13 bankruptcy is often recognized as the “wage earner’s plan” as it allows you to file for bankruptcy…
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This Pro Tennis Player is Facing Jail Time for Hiding Assets Following Filing for Bankruptcy

Three-time Wimbledon champion Boris Becker is facing jail time for allegedly hiding assets after declaring bankruptcy. The former professional tennis player filed for bankruptcy in June 2017, reports USA Today (1), after having received some…
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Is Conspiracy Theorist Alex Jones Considering Filing for Bankruptcy?

Radio host Alex Jones has filed for bankruptcy after being hit with several civil lawsuits. Bloomberg (1) reported that Jones, who is widely known as a conspiracy theorist and for calling the Sandy Hook school shooting a “hoax,” is facing…
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You Won’t Believe Which Former G-Unit Group Member Filed For Bankruptcy

Moody, AL–If you intend on filing for bankruptcy in Alabama or already have, it's best that you don’t put all of your assets up for display via social media–at least until after the bankruptcy proceedings have ended. It appears one rapper,…
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Common Bankruptcy Terms to Know When Filing for Bankruptcy in Alabama

Moody, AL—Whether an individual is interested in learning more about the bankruptcy process because their finances are out of order or is ready to take the leap and file, they are bound to run into terms they aren’t familiar with. To help…
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Is it possible to buy a home after filing for bankruptcy in Alabama?

Ashville, AL—As Shirley MacLaine once said, “Anything is possible if you believe you deserve it.” While buying a home after filing for bankruptcy is possible, and it certainly can’t hurt if a person believes they deserve it, there are…
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Preparing for Bankruptcy: What Should and Shouldn’t Be Done Before Filing in Alabama

Odenville, AL—Bankruptcy helps individuals and businesses ease their financial troubles by providing them with a way to better manage their debt or get some or all of it discharged. If an individual or business in Odenville, AL believes filing…
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Can a person in Alabama file for bankruptcy alone if they are married?

Ashville, AL—Individuals in Alabama have the option of filing for bankruptcy independently or jointly with their spouses. They will want to consider whose name the debt is in, however, as filing for bankruptcy could impact both individuals.   Reasons…
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Frequently Asked Questions About Filing for Chapter 13 Bankruptcy in Alabama

Leeds, AL—Individuals who are considering filing for bankruptcy in Alabama may have come across Chapter 13 bankruptcy as an option for them to consider. This type of bankruptcy is often used by individuals who earn a “regular income,”…
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What type of bankruptcy can a business owner file for in Alabama if they want to stay open?

Moody, AL—Business owners in Alabama are able to remain open and continue with operations when they file for Chapter 11 bankruptcy. Chapter 11 bankruptcy is referred to as “a reorganization bankruptcy” as it allows businesses to get their…
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Will the Alabama bankruptcy court discharge student loan debt?

Odenville, AL—The bankruptcy court typically does not allow student loans to be discharged. However, an individual might qualify to have some or all of their federal student loan debt discharged in bankruptcy if they meet certain criteria.…
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Can a person rack up credit card debt and then file for bankruptcy?

Wattsville, AL—Bankruptcy is intended to provide individuals who have fallen into a financial rut with a way out. It’s not meant to wipe a person’s financial slate clean after they purposely racked up a substantial amount of money in credit…
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What is the downside to filing for bankruptcy in Riverside, Alabama?

Sure, filing for bankruptcy provides individuals with a clean financial slate to work with, but what is the downside to declaring bankruptcy? In this article, Alabamians who are considering bankruptcy will gain a better understanding of the…
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Do all assets have to be disclosed when filing for bankruptcy in Alabama?

Ragland, AL—Yes, all assets must be disclosed when a person or business files for bankruptcy in Alabama. If an individual is concerned that they must share with the bankruptcy court all of the assets they have, they should speak with a Ragland,…
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What does it mean when someone files for straight bankruptcy in Alabama?

Steele, AL—When a person files for “straight bankruptcy” in Alabama, they are filing for Chapter 7 bankruptcy. Straight bankruptcy is another way to refer to Chapter 7 bankruptcy and is one of the more common types of bankruptcy individuals…
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Can filing for bankruptcy in Alabama help a debtor eliminate their medical debt?

Moody, AL—There are plenty of reasons why individuals and businesses turn to bankruptcy, with one of those reasons being medical debt. The cost of medical care today is high and if an individual had to undergo medical treatment for which they…