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If you’re considering filing for bankruptcy and you’re wondering about how to manage the legal requirements involved, you essentially have three options: Prepare the case on your own and represent yourself “pro se.” Use a bankruptcy petition preparer. (This will also require you to represent yourself “pro se.”) Use an attorney located in your district.… Continue reading Why Should I Use an Attorney in My District?

There are many factors that can lead to bankruptcy, some that are beyond the debtor’s control. This post discusses some of the sources of financial distress that most often affect clients who come to us for help with their bankruptcy filings. Business Difficulties According to data from the Bureau of Labor Statistics (BLS), around 45%… Continue reading Causes of Bankruptcy

Bankruptcy can be a great way to get a fresh start if you are buried in consumer debt. However, it’s not the only solution; often, an alternative approach will provide an easier path back to financial independence. If you are struggling with debt, the experienced attorneys at Grainger, Hawley & Shinbaum, LLC can advise you… Continue reading Alternatives to Bankruptcy in Alabama

Chapter 13 bankruptcy is an option for individuals facing significant financial hardship. However, there are a number of rules involved. One of the primary rules is making your agreed-upon payments on time. You may be wondering; how do I make my payments in a Chapter 13 payment plan? You must go through several steps to… Continue reading How Do I Make My Payments in a Chapter 13 Payment Plan?

Loss of Income and Unemployment Protection in Alabama Losing your job can have a severe impact on your finances and your ability to pay the bills you incurred when you thought your job was secure. Loss of income coupled with large quantities of debt is one reason people wind up needing to file for bankruptcy.… Continue reading Unemployment and Reduced Income

Legal Representation for Alabama Residents Reorganizing Their Finances The bankruptcy attorneys at Grainger Hawley & Shinbaum, LLC can help individuals throughout Alabama protect their interests during financial reorganization. Working with a bankruptcy trustee can help you make sure you receive the greatest possible discharge of your consumer debts. Most states are part of the U.S.… Continue reading The Role of the Bankruptcy Trustee

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