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Do I Have to Go Through Credit Counseling Before or After I File For Bankruptcy?

If you’re considering filing for bankruptcy in Alabama, there are a few things you’ll need to take care of before you can officially start the process. For starters, you’ll want to schedule an initial consultation with a Moody, AL bankruptcy…
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Is it Bad to File for Bankruptcy in Alabama?

There are both advantages and disadvantages to filing bankruptcy in Alabama. While it's inevitable that bankruptcy will have a significant impact on your credit score, it can also help you eliminate debt you know you can’t afford to pay back.  Fortunately,…
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Is Tesla Considering Filing For Bankruptcy Amid Ongoing Losses?

Tesla CEO Elon Musk hasn’t exactly said his electronic vehicle (EV) company was headed toward bankruptcy, but he did loosely use the word “bankrupt” during a recent interview, reported CNN (1). Like most companies that are working their…
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This Officer Helped an Inmate Escape, and Lost Her Life

Alabama Corrections Officer Dies from Injuries After Being Arrested for Escaping Prison with an Inmate   Alabama- A 38-year-old murder defendant who was serving a 75-year sentence decided he had better plans for his life and convinced…
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You Can Raise Your Credit Score After Filing For Bankruptcy–Here’s How

A good credit score could be the difference between getting approved for a single-family home or having to live in a half-decent apartment.   Ragland, AL–Bankruptcy is great for individuals and businesses who are looking for a fresh…
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You Can Have a Regular Income and File For Bankruptcy–Here’s How

Most people assume that in order to file for bankruptcy, a person’s bank account must be in the negative or they are on the verge of losing their business. While it is true that many who are facing financial hardship rely on bankruptcy, you…
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Chapter 7 Bankruptcy Can Eliminate Debt–Find Out If You Qualify

Leeds, AL–If you’ve fallen into debt and have exhausted all options to get you back on your feet, Chapter 7 bankruptcy may be the solution you’re looking for. Chapter 7 bankruptcy, which is often referred to as “straight bankruptcy,”…
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These 3 Issues Might Indicate Your Business Needs Chapter 11 Bankruptcy

St. Clair County, AL–Chapter 11 bankruptcy is utilized most by businesses that have fallen into debt but aren’t ready to shutter. JCPenney is one of the larger entities that filed for Chapter 11 bankruptcy, allowing it to reorganize itself…
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Which is Better, Chapter 7 or 13 Bankruptcy?

Chapter 7 and Chapter 13 bankruptcy can both help you to achieve the same goal– eliminate debt. However, each follows a specific process that can help you attain this. If you’re trying to decide whether Chapter 7 or Chapter 13 bankruptcy…
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What Fees Are Involved in Bankruptcy?

Moody, AL–There are plenty of perks you can gain from filing for bankruptcy. For instance, if you file for Chapter 11 bankruptcy, you’ll be given the opportunity to restructure your debt and keep your business operations going. And if you…
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How Do I File a Complaint Against a Debt Collector?

Leeds, AL–When a person falls into debt and is unable to repay the money they owe a creditor, their debt may be sold off to a debt collection agency. A debt collection agency generally buys the debt for a lower amount than what is owed and…
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Can I Keep My Car if I File for Chapter 7 Bankruptcy in Alabama?

Leeds, AL–One of the biggest concerns individuals have when filing for Chapter 7 bankruptcy in Alabama is whether they can keep certain assets. Because certain assets will go up for liquidation, it's important to know whether things like your…
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What type of bankruptcy clears all debt?

Riverside, AL– Chapter 7 bankruptcy is typically what individuals file for when they are looking to eliminate all of their debt. When you file for Chapter 7 bankruptcy, often referred to as “straight bankruptcy,” you're essentially looking…
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What Stores Filed for Bankruptcy in 2021?

Moody, AL–Both the COVID-19 pandemic and the shift in consumer behavior are to blame for the financial distress many businesses are facing today. Although the Administrative Office of the U.S. Courts reported that both business and non-business…
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What Happens When I Declare Bankruptcy in Alabama?

Odenville, AL–When you declare bankruptcy in Alabama, a number of things can happen depending on the type of bankruptcy you file for. Perhaps the most beneficial is the automatic stay that is issued that prohibits creditors from pursuing you…
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Can filing for bankruptcy in Alabama protect a business from lawsuits?

Moody, AL–To some degree, yes, bankruptcy can sometimes be used to protect a business against lawsuits. However, a recent court ruling shows bankruptcy cannot always be relied on to shield businesses from pending lawsuits. If your Alabama…