Overcoming Personal and Legal Challenges

Overcoming Personal and Legal Challenges

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Bankruptcy

Can I buy a home if I file for bankruptcy?

Filing for bankruptcy can be the best option if you find yourself in serious financial trouble. It gives you a clean slate to begin again without debt hanging over your head. However, bankruptcy also does some damage to your credit because it is a sign that you...

Which comes first, divorce or bankruptcy?

Divorce and bankruptcy are among the most stressful situations you can face. Financial issues often prevent Alabama residents from taking action in either of them. Fortunately, you can take steps to eliminate this obstacle and move forward with the rest of your life....

Reasons consumers file bankruptcy

If a consumer sees no way of paying debt, bankruptcy in Wetumpka, Alabama, can provide some relief from certain debts. Bankruptcy doesn't often happen because of frivolity, and there are several common reasons a consumer may file a petition for relief. Reasons for...

How bankruptcy might impact your credit score

There is a good chance that filing for bankruptcy will have an impact on your credit score. However, it's possible that your score will actually increase after your debts are discharged by an Alabama judge. This will depend on what your credit score was before you...

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...