Bankruptcy

Filing for Chapter 7 bankruptcy involves liquidating assets to repay creditors. Stocks, like other financial assets, may be part of this liquidation process, but their fate depends on specific factors in your case. Understanding how Chapter 7 impacts stock ownership...

Filing for Chapter 7 bankruptcy allows individuals in Alabama to address overwhelming debt. This legal process can lead to the discharge of debts and enable you to gain a fresh financial start. While it may seem daunting, understanding the basic steps can simplify the...

Filing for bankruptcy is a significant decision that can provide relief and a fresh start for individuals facing overwhelming debt. Considering the benefits of bankruptcy can help determine if it is the right solution for your financial struggles. Immediate relief...

Filing for bankruptcy can provide a fresh financial start, but it’s essential to adopt good habits to avoid accruing excessive debt again. It might be helpful to know some practical steps to help you stay on track. Create a realistic budget Start by creating a...

For many individuals and families, their home is often the most valuable possession they own. A home provides a sense of security and stability. But what happens when financial struggles threaten to take that away? Fortunately, bankruptcy can provide a solution,...

Bankruptcy can provide relief from overwhelming debt, allowing individuals to reset their financial situations. Knowing which debts can be discharged helps in understanding the potential benefits of filing for bankruptcy. Unsecured debts Unsecured debts include credit...

One important step when considering bankruptcy is understanding if you are eligible. The means test helps determine this. It applies to Chapter 7 bankruptcy, which allows for the discharge of most debts without a repayment plan. The means test evaluates your income...

Filing for bankruptcy can lead to significant changes in one's financial life. You may wonder how it impacts your credit scores. Understanding how bankruptcy affects a credit score helps individuals prepare for the consequences and plan for financial recovery. Lowered...

Filing for bankruptcy can be a daunting and complex process. This is especially true when it comes to understanding its impact on your assets, including your car. The fate of your vehicle and whether you get to keep it largely hinges on the type of bankruptcy you file...

When creditor calls seem never to stop, you probably feel that you will do anything to stop the harassment, perhaps even go to your retirement funds such as your 401(k) to pay your outstanding debt. However, cashing out part of your 401(k) is an unwise and even...