A very common question when Alabama consumers are looking at filing a bankruptcy is “Will I lose my car if I file?” The answer is it depends. Here are some items to consider that we will look at it more depth: Did you file Chapter 7 (“straight bankruptcy”) or Chapter 13 (“debtor’s court”)? Are you behind on your car? Do you have equity in the your car? Are you upside down in your car? Do you want to keep your… (Read more)
“Is bankruptcy a good option to stop an Alabama foreclosure?” Bankruptcy is an option — we’ll talk about whether it is a good option or not — to stop an Alabama foreclosure that has not yet happened and it is something to be considered. Let’s go through this together. First, a bankruptcy will only stop an Alabama foreclosure if the foreclosure has not yet happened. A bankruptcy can stop a foreclosure but it does not reverse a foreclosure. Sometimes we… (Read more)
“What happens at my 341 hearing or the meeting of creditors hearing?” I’ll address this question of what happens at my 341 hearing — which is a very natural question to ask — from the standpoint of filing a chapter 7 bankruptcy in Birmingham. It can be a bit different in different courthouses but the basic gist of what we have below will apply. We’ll go through this question and the questions that naturally follow to give you a good… (Read more)
“Can filing bankruptcy stop a lawsuit against me?” Bankruptcy normally will stop a lawsuit that has been filed against you. When you file for bankruptcy, as a general rule all lawsuits will be “stayed” or stopped while your bankruptcy petition (i.e. your case or petition) is considered by the bankruptcy court. This means that unless a judgment has been entered against you, then nothing will happen to the lawsuit until the bankruptcy court decides whether your debts will be discharged… (Read more)
What are the Different Types of Bankruptcy Lawyers in Birmingham, Alabama While not an exact science, you can generally divide Birmingham, Alabama bankruptcy lawyers (who represent consumers) into three groups. The first group files a large number of cases for the lowest fee. The second group charges a mid level fee and files less than the first group but more than the higher end firm. The third group charges the highest fee and normally files the fewest cases. So, what… (Read more)