Posts

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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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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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Should an individual with debt get a joint bank account after getting married?

Alabama—When an individual owes money to a creditor, that creditor may either pursue them for the money that is owed or sell off the debt to a debt collection agency who will take over the efforts of recovering the unpaid money. While many…
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Tulsa, Oklahoma, Will bankruptcy wipe a credit report clean?

While there are many advantages to filing for bankruptcy when the right circumstances are present, there are certain things filing for bankruptcy won’t do. For instance, while bankruptcy can provide an individual or business with a clean slate…
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Oklahoma Residents Who Are Drowning in Debt May Benefit from Filing for Bankruptcy

In 2019, consumer debt reached a record high, according to Experian. The consumer credit reporting company says that during this year, consumer debt was estimated to be $14.1 trillion, and that number may have since increased. The total debt…
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Tips that Can Help Jacksonville, Florida Residents Deal with Financial Stress

In 2017, nearly 62% of Americans reported that they felt stressed about money, according to the American Psychological Association (APA) and it is likely that number has since increased. Americans rely on money for nearly everything (e.g. basic…
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Tulsa, Oklahoma, Ways to Rebuild Credit After Bankruptcy

 Credit allows individuals to borrow money from banks, lenders, credit card companies, etc. so they have access to funds when they need them. Credit allows individuals to buy cars, homes, and rent property. Establishing good credit and maintaining…
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Could a Second Wave of COVID-19 Cause More Businesses to File for Bankruptcy?

Industry experts are saying it’s likely.   The COVID-19 pandemic has pushed thousands of businesses past the point of no return. While some businesses shuttered and never reopened after government-ordered shutdowns were lifted,…
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Fort Walton Beach businesses may be in danger of serious financial trouble even after the coronavirus pandemic ends

Business, lifestyle, and operations restrictions caused by the coronavirus pandemic resulted in many businesses in Florida and elsewhere in the country filing for bankruptcy, or becoming dangerously close to doing so. Several different industries…