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Bankruptcy Lawyer Representing Alabama Residents The purpose of filing for bankruptcy is to obtain a bankruptcy discharge, and with that discharge, a fresh start. However, bankruptcy law was designed to allow creditors to be paid back to the extent possible. As a result, debtors must disclose all of their assets and debts in their initial… Continue reading The Importance of Disclosing Assets

Alabama Attorney Advocating for Debtor Rights When you first decide to file for bankruptcy, you should consult a bankruptcy attorney. While it is possible to file for bankruptcy on your own, there is a risk that you may fail to include all your dischargeable debts or that you will not know how to respond to… Continue reading Steps to Take When Preparing to File for Bankruptcy

Knowledgeable Bankruptcy Lawyer Guiding Alabama Residents When you file for Chapter 7 bankruptcy, some of your assets will be sold, and the proceeds received from the sales will be used to repay your unsecured creditors. Unsecured creditors are those to whom you owe debts that are not secured by any property. It can be challenging… Continue reading Retirement Accounts

Protecting Your Assets in Alabama Every state has its own rules about what property can be protected during bankruptcy by “exemptions.” Some states follow a federal exemption system, but Alabama follows only its own exemption system. One of the key reasons it is so important to retain an experienced Montgomery bankruptcy attorney is to make… Continue reading Protecting Assets with Exemptions

Debt Relief Lawyer Assisting Alabama Residents When you file for Chapter 7 or Chapter 13 bankruptcy, you will need to repay some of your creditors. Generally, less is paid back when you file for Chapter 7. It is not uncommon for people to suffer financially after being seriously injured, due to hospital bills and lost… Continue reading Personal Injury Awards and Settlements in Bankruptcy

Alabama Attorney Protecting Debtors’ Rights Obtaining a discharge is the primary purpose of filing for bankruptcy for most debtors. Sometimes unforeseen circumstances may arise after you have already filed the initial paperwork, creating the need to make a purchase on credit. It is important to be aware that you will need permission to incur substantial… Continue reading Making Purchases on Credit During Bankruptcy

Alabama Attorney Protecting Debtor Rights Navigating the bankruptcy process can be extremely challenging for a layperson. It requires you to make full disclosures of assets and debts, and comply with numerous deadlines in order to complete the process and obtain a discharge. Failing to meet mandatory deadlines may result in the dismissal of your case… Continue reading Key Deadlines in Bankruptcy Cases

Discharge of Federal Income Taxes in Alabama Tax problems must be dealt with as soon as possible. When tax problems become overwhelming and other debts complicate repayment, some individuals file for bankruptcy. Chapter 7 and Chapter 13 bankruptcy can help you reduce or discharge your tax debt. An experienced Montgomery bankruptcy lawyer can help you… Continue reading Taxes

Debt Relief Attorney Serving Alabama Residents The impact of an inheritance on your bankruptcy varies depending on the timing of the inheritance and whether you filed under Chapter 7 or Chapter 13. At Grainger Hawley & Shinbaum, LLC, an Alabama bankruptcy lawyer can advise you on the effect of an inheritance and help you navigate… Continue reading Inheritances in Bankruptcy

Alabama Lawyers Dedicated to Helping Individuals Reorganize Their Finances Certain debts are nondischargeable, which means that filing for bankruptcy will not wipe them out. Among nondischargeable debts are traffic fines. These will not be discharged through Chapter 7 bankruptcy, and they must be repaid in Chapter 13 bankruptcy. When too many traffic fines accumulate, or… Continue reading Getting Your Driver’s License Back Through Bankruptcy