When you decide to seek bankruptcy protection, there are certain responsibilities for you to fulfill. Whether you file Chapter 7 or Chapter 13, one of those responsibilities is to attend the 341 Meeting. What this is The 341 Meeting derives its name from Section...
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Will I lose my house if I file Chapter 7?
Making the decision to file bankruptcy is a big first step in regaining control of your financial outlook. However, there are several myths that surround the bankruptcy process and it is important to differentiate fact from fiction. Chapter 7 bankruptcy is commonly...
What is the most common cause of debt that leads to bankruptcy
As Americans and Alabama residents navigate a complicated economy with concerns of student loans, medical bills and health insurance, bankruptcy is always a hot topic. The truth is that bankruptcy is not always about being irresponsible with your money. There are...
Am I eligible for chapter 7?
The decision for fil for bankruptcy is often a complex one. Along with deciding whether it is the right option for you, you will also need to determine whether you are considered eligible for a chapter 7 filing. The following are a few eligibility factors to keep in...
How Chapter 7 bankruptcy may affect your car lease
If you need a car to drive to work every day, you know how stressful not having enough money can be. After all, car payments can be tremendously expensive. Leases are sometimes a good option for using a car without having to make such high payments. If you are...
The ongoing problem of medical debt
For several years now, the nation's economy has enjoyed relative strength and growth. However, that does not mean that every person is Alabama lives without worry when it comes to how to make ends meet. Many consumers continue to struggle financially regardless of the...
What happens when you cannot pay your taxes?
As 2020 approaches, your mind may be on the impending tax deadline. If you expect to owe taxes and are unsure about how to pay the IRS, you do have options. Learn about steps to take when you cannot afford to pay your 2019 tax obligations. File an extension If you...
What is an automatic stay?
The decision to file for bankruptcy is not easy, but for many people it's the best way to get a handle on their finances. Filing for bankruptcy also grants filers an automatic stay against creditor attempts at recovering the debt. If creditors attempt to recoup a debt...
Knowing the signs of when to file for Chapter 7 bankruptcy
The last thing any business owner in Alabama wants to worry about when dealing with personal or professional income is when it is time to file for bankruptcy. However, when the warning signs come, it is important to understand exactly what the best choice for your...
How can I rebuild my credit after bankruptcy?
While going through a bankruptcy in Alabama may be a trying time, in reality the end result is very liberating. Once you get through the bankruptcy process, you will be able to begin your financial life with a mostly clean slate. Of course, the bankruptcy will stay on...