Tag Archive for: AL bankruptcy lawyer

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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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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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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 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…
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What will I lose if I file for bankruptcy in Margaret, Alabama?

Losing debt is the ultimate goal of filing for bankruptcy in Alabama, though a person might lose property and other assets depending on the type of bankruptcy they file for. In this article, we’ll explore the benefits of bankruptcy and what…