When you declare Chapter 7 bankruptcy, you don't need to file a plan to repay your debt. With this type of bankruptcy, you will be assigned a trustee and that trustee will sell your assets that are not exempt and use the money to pay your creditors. Under the U.S....
Whether it is due to an unfortunate life event, such as a job loss or serious illness or injury, dealing with debt is not easy. It can feel overwhelming and stressful to navigate money problems, especially when you are doing everything in your power to avoid...
For many people in Alabama, financial challenges are a persistent concern. With the last few years showing how quickly life can change with unexpected health issues, economic downturns and various upheavals, many Alabamans were confronted with the reality of...
Over the past few years, the topic of medical debt has never been hotter. And, after the Consumer Financial Protection Bureau released a report early this year finding that most medical debt was reported erroneous, the three major credit bureaus changed how medical...
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...
