Overcoming Personal and Legal Challenges

Overcoming Personal and Legal Challenges

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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...

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...