Tag Archive for: Alabama bankruptcy lawyer

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Do You Still Need to File Taxes if You Declare Bankruptcy?

The short answer is yes, you should still file your income tax return even if you’re considering filing for bankruptcy in Alabama or already have. Although bankruptcy may help you avoid litigation and alleviate you from having to satisfy some…
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These Are the Top Reasons Why People File For Bankruptcy

Margaret, AL–A financial downfall can be caused by a number of different things–a severe illness, a divorce, or even a loss of income. These unfortunate events are known to be costly and interfere with a person’s ability to reach financial…
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Regal Cinemas Closes 12 Multiplexes Amid Chapter 11 Bankruptcy Filing

Ragland, AL–Cineworld, the parent company of Regal Cinemas, filed for Chapter 11 bankruptcy back at the beginning of September 2022 in an effort to reorganize. The company, which has been struggling to make ends meet even before the COVID-19…
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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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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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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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Here’s How Often You Can File for Bankruptcy in Alabama

Leeds, AL–According to the U.S. bankruptcy code, you can file for bankruptcy as many times as needed. However, if any of your debts were discharged during any of your past filings, you’ll need to wait a specified period of time before you…
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Will Amber Heard File for Bankruptcy Following Depp Defamation Case Verdict?

A verdict has finally been reached in the Amber Heard vs. Johnny Depp defamation trial, and the outcome could land Heard in a heap of financial trouble. Because the court ruled in favor of Depp, Heard has been ordered to pay $10 million in compensatory…
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Alex Jones’ Business Entities Agree to Drop Bankruptcy Filing Following Sandy Hook Verdict

After learning of the unfavorable verdict that was reached in the Sandy Hook defamation lawsuits, Infowars founder Alex Jones responded by filing for Chapter 11 bankruptcy. Before the judge presiding over the case had the opportunity to list…