Articles – Bankruptcy

Frequently Asked Question About How Your Credit Report Should Show Discharged Accounts After Completing a Chapter Seven Bankruptcy

I am thinking about filing bankruptcy – what does a discharge mean?
First, a discharge is where you are “discharged” from the debts that are included in bankruptcy. The creditor cannot ever try and collect the debt from you. You can imagine a wall has come up between you and the creditor and the creditor cannot climb over, around, or under the wall to get to you in order to get you to pay this “discharged” debt.

OK, once I… (Read more)

| Share

What Are the Advantages of Filing a Chapter Seven (7) Bankruptcy in Birmingham, Alabama?

For most consumers, we feel that a chapter 7 bankruptcy is better than filing a chapter 13 bankruptcy. We want to share a few reasons why we feel this way by answering questions that are often asked.
What is the difference in a chapter 7 bankruptcy and a chapter 13 bankruptcy?
A chapter 7 bankruptcy is referred to sometimes as “straight bankruptcy” while a chapter 13 is often called “debtor’s court.”
The basic concept of each is fairly simple.
A… (Read more)

| Share

John, Why Don’t You File Chapter 13 Bankruptcies in Birmingham, Alabama?

As you may know from reading our materials that we have offline (books, reports, etc.) and online (web sites, blogs and videos), then you’ll know that while our focus is on suing abusive debt collectors and mortgage companies, we also will file a small number of Chapter 7 bankruptcies but we will not file Chapter 13 bankruptcies in Birmingham, Alabama.
While this is not a decision set in stone, at the time of this writing we have no intention of… (Read more)

| Share

Debt Collection Before & After Bankruptcy

Located in Birmingham, Alabama, the consumer protection attorneys at Watts Law Group P.C. & M. Stan Herring P.C. provide clients with experienced representation in the areas of creditor harassment and unfair collection practices under the Fair Debt Collection Practices Act (FDCPA), and credit reporting errors in violation of the Fair Credit Reporting Act (FCRA).
Just because you are filing for bankruptcy protection, does not mean you lose your right to bring a claim under the Fair Debt Collection Practice Act… (Read more)

| Share

Incorrect Credit Reporting After Bankruptcy

With our convenient location in Birmingham, Alabama, the consumer protection lawyers at Watts Law Group P.C. & M. Stan Herring P.C. can assist you with correcting post-bankruptcy errors in your credit report.
Your credit score can be adversely affected by errors in your credit report. Credit bureaus (such as Equifax, Experian, and Trans Union) have an obligation to provide accurate reports, free from any known errors.
Some creditors or buyers of debt will not report your discharge to credit bureaus,… (Read more)

| Share

Bankruptcy Frequently Asked Questions

I’m having some money troubles and I’ve heard about bankruptcy but I don’t quite understand what it is. Can you tell me what exactly bankruptcy is?
Bankruptcy is an option if you are having money problems. It is not the only option, but it is a legitimate option. Basically, filing for bankruptcy is where you ask the Federal court in Birmingham, Alabama, to look at your financial situation and to give you relief, or breathing room, from your creditors.

How… (Read more)

| Share