A business owner in Wetumpka, Alabama, can choose several types of bankruptcy to relieve debt when they don't see an out. If the debtor files Chapter 7, they will likely have to close their business. However, Chapter 11 has something unique called a debtor in...
Overcoming Personal and Legal Challenges
Overcoming Personal and Legal Challenges
Month: July 2021
What is the bankruptcy means test?
When individuals in Alabama become overwhelmed with debt, they often consider filing for bankruptcy. Many debtors file Chapter 7 bankruptcy, which is a liquidation of assets to pay creditors. Debts get discharged faster, but the filer must pass a means test. The...
What’s discussed during the initial divorce consultation?
Before divorce proceedings can start, you will first need to meet with a lawyer for an initial consultation. There are all sorts of things discussed during this time, and you will probably do most of the talking as the lawyer needs all of this information to represent...
Bankruptcy’s automatic stay
An automatic stay in bankruptcy is a law that temporarily halts creditors, government entities and debt collectors from pursuing debtors. In Alabama, the automatic stay is effective once the debtor files for bankruptcy. Moreover, this law is applicable to both...