Many of us have been there: having thousands of dollars in credit card bills or medical bills and not knowing how they will get paid. Maybe you’ve been laid off from your job or you’ve been injured and not able to work for a period of time. Bankruptcy is a way for a...
For the better part of two decades, there has been a pervasive view amongst the public and legal community that student loan debt is largely not dischargeable in bankruptcy. However, over the last few years, there has been case after case where federal bankruptcy...
Many people have debt and sometimes despite their best efforts, they are unable to pay what they owe. They may decide to file for bankruptcy and there are two types to consider, Chapter 7 and Chapter 13. Chapter 7 bankruptcy Chapter 7 bankruptcy is known as a...
Personal bankruptcy is a very real option for those looking to obtain debt relief. But if you’re like most people, then you probably already have some preconceived notions about bankruptcy. In most instances, those perceptions are negative. Some people think that...
Families in Mobile who get behind in their house payments are probably looking for some alternatives to losing their home. Even if they are otherwise in okay shape financially, the family may consider filing for bankruptcy if only to be able to stay in their house. In...
In Birmingham and throughout Alabama, people have experienced inordinate struggles due to the unforeseen circumstances since early-2020. To help them account for issues like job loss, diminished income, medical expenses and more, protections were implemented so people...
Most Mobile area residents have at least one credit card. In fact, the average American has four credit cards. Making monthly payments on these credit cards can be challenging for some people, especially if they have lost their job or have many other unexpected...
The pause on student loan payments, precipitated by the current recession, has provided financial relief for many Americans. Since March 2020, borrowers have experienced forbearance on all loans owned by the U.S. Department of Education. This arrangement not only...
There are two types of personal bankruptcy that Alabama residents may consider when they are stuck under the weight of burdensome financial debt. The first is Chapter 7 bankruptcy, which involves the liquidation or sale of a debtor’s assets to pay off their creditors....
Many Alabamans are struggling with debt due to unprecedented financial challenges this year. Fortunately, there are legal options for debt relief, such as a Chapter 7 bankruptcy, that can offer much needed help. What is Chapter 7 bankruptcy? Chapter 7 bankruptcy is...
