Financial struggles can be difficult for Mobile residents to overcome on their own. When they cannot work to reduce their debts and feel stuck with bills they cannot pay, it may be time to talk to professionals who understand legal and effective methods of debt...
Bankruptcy
What property is exempted from bankruptcy in Alabama?
If you’re considering bankruptcy, then it’s important for you to know about exemptions. Exemptions are given for certain assets during a bankruptcy so that you don’t have to give up everything you own just to repay your creditors. Using exemptions cautiously, you may...
Can you file bankruptcy to stop a pending creditor lawsuit?
The longer you go without paying off a debt or without at least making a monthly payment, the more likely it is that the company involved is going to take more aggressive collection action against you. If you have already been subject to letters and phone calls, it's...
Swimming in debt? Bankruptcy could help
You were living a little bit above your means, but you loved the idea of being able to get the things you wanted without having to wait. You took out too many credit cards and used them until they were maxed out. You had a good job, so you knew that you could pay off...
Is bankruptcy your only option? No, but it could help the most
You have been struggling with your finances for a while as a result of losing a job and depleting your savings. You want to get back on track, but even with your new job, you don’t earn as much as you used to. You’ve seen ads for bankruptcy support as well as...
Worried about your bills? Choosing bankruptcy might help
With the economy in flux, you may be worried about paying your bills. It’s totally understandable, and it’s something that you may have already been dealing with for a long time. The added stress of everything going on may make you want to finally take steps to...
Will an Alabama Chapter 7 bankruptcy affect your home equity?
When you file for chapter 7 bankruptcy protections, you likely have already completed the means test and established that your adjusted current income is at or below the state median. Those with a higher income may not qualify for Chapter 7 or liquidation bankruptcy....
Will you get fired for going bankrupt?
The monetary pressures on your life are already overwhelming and it only takes a month or two of bad luck, car problems, medical bills or something else to put you in a financial hole you can’t hope to escape. Bankruptcy seems like your only option -- but you’re...
Bankruptcy filings skyrocket for those 55 and older
Bankruptcy can offer you a fresh start when faced with overwhelming debt, and it’s a step that many older Americans are choosing more often. The number of people over 55 years of age filing for bankruptcy has surged over the past 30 years, and 78% of those who have...
Passing the means test for a Chapter 7 bankruptcy
There are many people living in Alabama who are struggling with debt. Often this debt was accrued as a result of circumstances beyond the person's control -- such as losing a job or a serious illness or injury. Instead of feeling overwhelmed by debt, many people...