Category: Bankruptcy

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 seemingly positive economy both domestically and globally. The exorbitant cost of… Continue reading The ongoing problem of medical debt

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 think that you can pay… Continue reading What happens when you cannot pay your taxes?

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 while an automatic stay is in place they… Continue reading What is an automatic stay?

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 future is. We here at Hawley & Associates, LLC,… Continue reading Knowing the signs of when to file for Chapter 7 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 your credit report for at minimum seven… Continue reading How can I rebuild my credit after bankruptcy?

Beginning the bankruptcy process is a daunting experience, especially if you are unsure of what to expect. Understanding the general timeline for a Chapter 7 case can make you feel a little more comfortable. It is always nice to know what to expect when you head into an Alabama bankruptcy court. The U.S. Courts explains… Continue reading What is the timeline for a Chapter 7?

Bankruptcy is something that in the past was common for the younger generations, but older individuals usually avoided it. However, a new trend is seeing more seniors file. This is something that has gotten the attention of experts who want to know why older adults are filing bankruptcy more often, according to Forbes. So, why… Continue reading Why are more seniors filing bankruptcy?

Like many of your friends and family members, you need a car to navigate daily life. After all, you probably drive to work, the grocery store, entertainment venues and other places. As you know, though, car payments can be almost unbelievably expensive. Even leases can set you back hundreds of dollars every month.  Not counting… Continue reading 3 potential car-related benefits from a bankruptcy filing

A lot of people focus on the financial advantages of filing for bankruptcy, and there are many, to be sure. However, bankruptcy can be advantageous in one’s life in many other ways. For example, someone who is going through a hard time due to their finances may be mentally exhausted and have a sense of… Continue reading Bankruptcy and mental relief

Bankruptcy is tough. If you are like most people, even considering it is a cause for anxiety. However, facing the issue head-on is one of the best ways to alleviate that pressure and make some progress towards better financial health. One of the ways you can do this is by properly preparing for your bankruptcy meetings.… Continue reading 3 reasons to start your bankruptcy paperwork now