Bankruptcy Blog

The State of Alabama does not have federal bankruptcy exemptions like some states. It does, however, allow for certain possessions to be exempt or protected from creditors when filing for bankruptcy in Alabama.
There are some limits on the amount of equity that you may have in a home or vehicle that is exempted in the [...]

Find a California bankruptcy attorney who can answer your questions about the benefits of Chapter 7 bankruptcy or Chapter 13 bankruptcy.

Things you need to know before filing bankruptcy. Before a person can file bankruptcy, they will have to undergo a mandatory credit counseling session.

About two days ago we had a Chapter 13 Debtor attend his meeting of creditors at the Chapter 13 trustee’s office. While he was at attendance of his meeting, his car creditor decided they would pick up his vehicle. It seems that since they thought it would be a sure thing him being [...]

As a Debtor you come in to see a bankruptcy attorney to seek what options you have available. You decide that you should file a Chapter 7 bankruptcy. You retain the attorney and are given their number so that when creditors call, they can be told that you have retained their services. [...]

The filing of a bankruptcy does not mean you will lose all your property. Starting with cars and houses that have a lien. If you want to keep them , you can as long as you continue to make the normal payments. You will usually reaffirm the debt which means agree to continue make all [...]

If a debtor passes away while in active Chapter 13 Bankruptcy then a family member or person appointed durable power of attorney can contact the attorney to request a hardship discharge. A motion must be filed with the court and a notarized affidavit by family representative requesting reason for the hardship discharge request.
Obviously any debts, [...]

If you have filed a Chapter 7 Bankruptcy and decide to surrender your home or auto before the discharge of your case then you can file a statement of intentions. The amended statement of intentions will allow you to discharge any property you decided to surrender after you filed you Chapter 7 Case.
However, in a [...]

If you have rentl property that you have decided to surrender, then your tenant may be able to purchase the property if a lease purchase agreement is in place. Your bankruptcy Attorney will be contacted with request for the debtor to sign a Warranty Deed. Signing this Warranty Deed will allow the tenants to proceed [...]

Often people will think a case dismissal is the end of the road for saving their property. In reality there are still several options at your disposal to get your property protected. The time period that you have to work with is much smaller when the property you are trying to save is [...]