Category: 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 efforts. Alabama consumers may find themselves subjected to penalties like wage garnishment, the… Continue reading When should you consider filing for bankruptcy?

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 someone can have before they might consider filing… Continue reading Signs your credit card debt might be out of control

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 beneficial way to deal with overwhelming debt. If you are… Continue reading The benefits of the automatic stay after filing for bankruptcy

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. Understanding what kind of bankruptcy filing works best for a given situation is an effective way… Continue reading Chapter 7 bankruptcy versus Chapter 11

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 variety of strategies Alabama residents can use to handle credit card… Continue reading How to handle credit debt, including Chapter 7 bankruptcy

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 seek relief from certain types of debt once and for all. There are… Continue reading A basic understanding of the bankruptcy process

Bankruptcy has long been used as an effective tool to offset the negative effects of debt, particularly consumer debt. Here in Alabama, a Chapter 7 bankruptcy filing involves a number of steps, from determining the amount of debt to engaging with creditors. With the help of a dedicated bankruptcy attorney, an individual in financial trouble can leverage… Continue reading Filing for Chapter 7 bankruptcy in Alabama

While some Alabama homeowners are thriving financially, others are struggling to stay afloat. Often, cutting back on spending, avoiding the use of credit as cash and downsizing helps get things back on track. However, many homeowners find they need more immediate debt relief and decide that filing for bankruptcy can help resolve debt problems and lay the groundwork… Continue reading Bankruptcy can help Alabama homeowners

Over the last year and a half to two years, many Alabama consumers had to adjust spending habits as their financial circumstances changed. A global health crisis resulted in some losing jobs or seeing a significant reduction in pay, but the government did offer some eligible consumers stimulus benefits. For a time, these stimulus benefits… Continue reading More consumers are taking on new credit card debt

Unmanageable debt can lead to complications and frustrations in various areas of one’s life. In addition to the constant harassment and requests for payments from debt collectors, an Alabama adult may face threats of losing property and money through foreclosure or wage garnishment. For some in this situation, it may be beneficial to file for Chapter 13 bankruptcy,… Continue reading When is it right to file for Chapter 13 bankruptcy?