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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…
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Monroe, Louisiana, Credit Counseling and Debtor Education

Federal law governs the rules regarding bankruptcy and these rules are detailed and must be followed closely for a person to have their application accepted. A bankruptcy lawyer can guide a person through the process and give them the legal…
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Can debt consolidation help a person in Alabama avoid bankruptcy?

Margaret, AL—Debt consolidation is when an individual takes all or most of their current debt and lumps it all together. Instead of them having to make multiple payments each month to different creditors, they would only be required to make…
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What is the Difference Between Secured and Unsecured Debt?

Moody, AL—Debt can be categorized as secured debt and unsecured debt. The most common form of debt individuals accrue is unsecured debt. Unsecured debt is debt “that has no collateral backing.”1 Credit cards, student loans, and even personal…
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Things Alabamians Should Consider Before Hiring a Debt Settlement Company

Leeds, AL—Debt settlement companies are often hired to settle a person’s debt. These companies are generally relied on by individuals who have accumulated more debt than they can repay but are looking to get their accounts settled and closed.…
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How can a person rebuild their credit after filing for bankruptcy?

St. Claire County, AL— Raising a credit score after filing for bankruptcy can take time, but it isn’t impossible. Although bankruptcy will stay on a person’s credit report for seven to 10 years, there are steps an individual can take to…
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Monroe, Louisiana, the Procedure of Filing for Bankruptcy

When individuals who reside in Louisiana are faced with many debts, and they find themselves in a financial situation that seems impossible to come out of, they have the option of filing for bankruptcy to help them out in this messy situation.…
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Steps to Filing for Bankruptcy in Monroe, Louisiana

When individuals first begin their business endeavors, the last thing they expect is to have to file for bankruptcy a few months or years later. However, this is the reality that many face, and countless business owners end up in a situation…
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Is filing for bankruptcy expensive in Alabama?

The price an individual will need to pay in order to file for bankruptcy in Alabama depends on a number of different things. For instance, the type of bankruptcy they file is one factor that will be used to determine how much a person will spend…