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Is There a Minimum Amount of Debt Needed to File for Bankruptcy?

St. Clair County, AL–If you’ve fallen into debt and are considering filing for bankruptcy, rest assured you aren’t alone. With the average consumer debt (i.e. payday loans, credit card debt, student loans, etc.) currently set at around…
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Can Filing for Bankruptcy Give Rise to Negative Emotions?

Leeds, AL–Money issues are largely to blame for standing in the way of many people’s happiness. When a person falls into debt, not only might it take a toll on their relationships and ability to provide, but it can also interfere with their…
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Can You Transfer Assets to Friends or Family Before Filing for Bankruptcy?

So, you want to file for bankruptcy but also have assets that may be at risk of being liquidated. Can you transfer those assets to a friend or relative to avoid this? In this article, we’ll discuss why you shouldn’t transfer assets before…
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The Bankruptcy Process Laid Out in Six Simple Steps

Although bankruptcy filings began trending downward following the start of the COVID-19 pandemic, it appears bankruptcy attorneys are now beginning to see an uptick in the number of people seeking bankruptcy protection, according to CNBC (1).…
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Will I Have to Close My Business if I File For Bankruptcy?

If you believe your business has potential and want to keep it up and running while you file for bankruptcy, Chapter 11 may allow you to do this. Chapter 11 bankruptcy, often referred to as a “reorganization” bankruptcy, lets businesses…
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Retailer Claire’s is Thriving After Exiting Bankruptcy

Leeds, AL–Despite the negative connotation bankruptcy carries, there are many benefits it can provide to a struggling business. Take Chapter 11 bankruptcy for instance. With this type of bankruptcy, a business is not only given the option…
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Can I Apply For Credit Cards After Filing for Bankruptcy?

If you’re considering filing for bankruptcy in Alabama, chances are your credit has already taken a hit and isn’t where you’d like it to be. While filing for bankruptcy will further impact it, and remain on your credit report for anywhere…
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Can You File for Bankruptcy if You’re Unemployed?

Riverside, AL–If you’re currently unemployed and looking to file for bankruptcy in Alabama, you may still be able to do so depending on the type you choose to file for. Chapter 7 and 13 bankruptcy are the two most common types of bankruptcy…
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Business lawyers guide bankruptcy document review actions for Florida businesses.

Florida – July 25, 2022 Bankruptcy is not always a negative occurrence and can save a business from going under by restructuring in accordance with Federal Bankruptcy laws. Florida business lawyers have impressive impacts when they work…
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What Types of Debt Can Be Discharged in Chapter 7 Bankruptcy?

St. Clair County, AL–If you’re looking to wipe away some or all of your debt, Chapter 7 bankruptcy is a good way to do this. When filing for Chapter 7 bankruptcy, you will be expected to use some of the assets you have to repay your creditors…
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What Happens to My Bank Accounts When I File For Chapter 7 Bankruptcy?

Pell City, AL–If you’re planning on filing for Chapter 7 bankruptcy in Alabama, some or all of the money in your bank accounts will be exempt from liquidation. However, any amount over the limit you’re entitled to keep will be taken by…
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Will I Qualify For a Mortgage Loan After Filing for Bankruptcy?

Qualifying for a mortgage loan might sound far-fetched with a recent bankruptcy listed on your record, but it is possible. Bankruptcy, despite the negative connotation it carries, serves as a reliable resource when a person has fallen deep into…
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Is My Social Security Protected If I File For Bankruptcy in Alabama?

So you’ve reached a point in your life where you can finally collect Social Security benefits. But you’ve also fallen into debt and may now need to file for bankruptcy. While this is certainly a tough spot to be in, the good news is that…
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Former California Congresswoman Katie Hill Files for Bankrutpcy

After Katie Hill victoriously won herself a Congressional seat in 2018, things appeared to have taken an awkward turn down south for the politician. A year after being elected, and winning the hearts of voters in a “traditional GOP congressional…
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3 Signs That You Should Consider Filing for Bankruptcy

Filing for bankruptcy is never an easy decision. It takes consideration, consultation, and even a change of mindset. For years now, bankruptcy has gotten a bad rep and there can certainly be some stigma attached to this path. On the other hand,…
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The Tl;dr on Bankruptcy: Bankruptcy Basics to Get You Started on the Process

When it comes to financial and legal proceedings, there’s often an overload of information out there. So much to know, too little time to cover it all. This can sometimes make it harder for people to pursue the tools and resources that will…