People have false notions regarding consumer bankruptcy, the process and its aftermath. Before making your decision, familiarize yourself with some facts. The truth about bankruptcy may be very different from what you have previously heard or believed. Fallacies...
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Year: 2022
When should you consider filing for bankruptcy?
When you fall behind on paying your bills, it can quickly lead to an overwhelming accumulation of debt. Past-due balances, defaulted loans and missed payments are not only stressful, but they can also lead to other unpleasant consequences, such as debt collection...
The difference between dischargeable and non-dischargeable debt in bankruptcy
The Founders of our country knew that people would sometimes be overwhelmed by debt and be unable to escape it unaided. That is why they gave us the constitutional right to discharge some of our debts and start over. If you are considering filing for bankruptcy,...
Signs your credit card debt might be out of control
Credit card debt is something that anyone can struggle with. When credit card debt can amass so quickly, it is no wonder that the average person has several thousand dollars of credit card debt. While many people have credit card debt, there is a limit to how much...
The benefits of the automatic stay after filing for bankruptcy
Making the decision to file for bankruptcy is a complicated one, and it may not be your first choice when facing an excessive amount of debt. While there are many misconceptions about bankruptcy and what happens during this process, it is often a practical and...
3 mistakes to avoid after being charged with DUI
No person is perfect; we all make mistakes. However, how we respond to these mistakes dictates whether we learn from them and grow or wind up making their situation worse. For example, if you are facing driving under the influence (DUI) charges, your next steps matter...
Chapter 7 bankruptcy versus Chapter 11
Bankruptcy is a common and effective form of handling debt on both a personal and professional level. Generally speaking, a company or individual in Alabama can choose between Chapter 7 bankruptcy or a Chapter 11 filing, but they work very differently....
How to handle credit debt, including Chapter 7 bankruptcy
After the holiday season, many Americans will find themselves with credit card charges significantly racked up. This can lead to one of the most challenging forms of debt to pay off, and can sometimes have negative consequences to the consumer. Thankfully, there are a...
A basic understanding of the bankruptcy process
If you are struggling with overwhelming debt, you are likely wondering if you will ever recover and move forward from your current circumstances. In specific situations, consumers may be able to find relief through bankruptcy, a process that allows an applicant to...