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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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Monroe, LA, Looking at Bankruptcy Options and Exemptions

For many people, especially those who own a business, one mistake can lead to dire consequences that change their entire financial situation for the worst. All individuals who go through a massive and sudden financial loss have the option of…
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Monroe, Louisiana, Can Property be Owned After Filing for Bankruptcy?

Once a person finds themselves in a situation where they are no longer able to pay for their bills, they may be eligible to file for bankruptcy. The bankruptcy process was put in place for those who are in a very tight financial situation and…
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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…
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Should a person in Pell City, Alabama file for bankruptcy if they are in debt?

Being in debt is stressful and while many who fall into a financial rut are looking for a quick and easy fix, bankruptcy isn’t always the answer. Before a person considers filing for bankruptcy in Alabama, they need to understand what the…
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How to report a debt collector who continues to pursue a debtor after they filed for bankruptcy?

St. Claire County, FL—Once an individual files for bankruptcy in Alabama, debt collectors are generally required to cease all contact with the debtor once they are notified of the bankruptcy filing. If a debt collector continues with their…
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Monroe, Louisiana, Using Bankruptcy Exemptions to Keep One’s Property

Once a person files for bankruptcy, they will have to give up certain parts of their property, so they have a chance of balancing their financial situation again. However, the good news is that they will not necessarily have to lose all their…
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Monroe, Louisiana, Bankruptcy Exceptions

Many individuals are looking for a way to control their debt, and if a person is in this situation they may want to consider filing for bankruptcy. The route of seeking debt relief through filing for bankruptcy should be used only when a person…