Category: Bankruptcy

Filing for bankruptcy raises practical concerns that go beyond the courtroom. One of the most common fears is how bankruptcy affects your ability to rent, especially for people who rely on rental housing in Montgomery, Prattville, and throughout Alabama. The idea of a landlord pulling a credit report and seeing a bankruptcy filing is enough… Continue reading How Bankruptcy Affects Future Rental Applications & Background Checks

Bankruptcy Before or After Marriage in Alabama? The significant decision to file for bankruptcy often represents the first step toward a fresh financial start. When that decision coincides with the joyous, life-changing event of getting married, the timing becomes a complex financial and legal puzzle. In Alabama, the timing of your bankruptcy, whether you file… Continue reading Should I File Bankruptcy Before or After Getting Married?

Doctors, lawyers, real estate agents, financial advisors, and other licensed professionals depend on licenses to earn a living. A common question is, can bankruptcy affect professional licenses in Alabama? Doctors, lawyers, real estate agents, financial advisors, and many other professionals depend on licenses to earn a living. Bankruptcy may raise concerns about whether those licenses… Continue reading Can Bankruptcy Affect Professional Licenses in Alabama?

Taking on an adult family member’s debts as your own can be a huge risk. Perhaps the person who needs help is an aging parent or an adult child who can’t hold down a job and for whom you continue to feel responsibility (the latter situation is particularly common, in our experience). It is understandable… Continue reading Helping Grown Family Members

How does bankruptcy affect co-signers? If you’re in financial difficulty and you’re struggling to repay co-signed debts, you may need to consider this question. In Alabama, as in other states, the implications of bankruptcy for co-signers can be significant, though the specific consequences vary widely depending on individual circumstances. This blog post will delve deeper… Continue reading How Does Bankruptcy Affect Co-Signers?

Filing for bankruptcy the first time feels like hitting a giant reset button on your finances. It’s a relief, a chance to breathe again without the weight of debt on your shoulders. But what happens when life throws more curveballs your way? You may be wondering, is filing for bankruptcy a second time going to… Continue reading Is Filing Bankruptcy a Second Time Harder?

Falling behind on mortgage payments and dealing with the threat of foreclosure can be a frightening experience. If you’re struggling to keep your mortgage payments up to date, it’s important to know that you have options to protect your home and regain financial stability. Chapter 13 bankruptcy is among the most effective of these options.… Continue reading Behind on Mortgage Payments in Alabama? Chapter 13 Can Help

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