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There’s a battle of experts underway about just how often medical bills and lost income due to an illness or injury triggers a bankruptcy filing. Some studies conclude that as many as ⅔ of all bankruptcy filings  are due at least in part to medical problems, while others contend the number is much smaller. 

It is very important to make sure that the schedules of debts and creditor matrix you file in an Alabama bankruptcy case are complete and accurate. Your bankruptcy petition and schedules are submitted under oath. Thus, it is a crime to knowingly or intentionally make misrepresentations. Aside from the risk of criminal penalties associated with willful misrepresentation of your debts, incomplete or inaccurate information can lead to delay or even dismissal of your bankruptcy case. Unlisted debt, with this in mind, can be quite problematic.

If you're considering filing for bankruptcy in Tennessee, you are undoubtedly facing significant financial challenges. And, if you are like most people who ultimately file for bankruptcy protection, you may have been struggling with those issues for some time. So, it makes sense that you would be concerned about the costs associated with filing bankruptcy.

Costs of bankruptcy fall into several different categories, which include:

Many people considering bankruptcy are concerned about their options for purchasing a home after bankruptcy. In many ways, qualifying for a loan after bankruptcy is no different from qualifying for a mortgage without a history of bankruptcy. That is, the lender’s determination will be based on the same set of factors, such as the amount of the loan in comparison to your disposable income and your credit history.

How Can I Stop a Foreclosure in Alabama?

Tennessee is a non-judicial foreclosure state. That means that a lender can foreclose on a property in Tennessee without going to court. It also means that the foreclosure process can move very quickly compared with the process required in a judicial foreclosure state. 

If you're concerned about how to rebuild credit after bankruptcy, you are far from alone. This is a question we hear often, both from people considering bankruptcy and from people who have already filed for bankruptcy and are now looking to build better financial futures. Fortunately, it is very possible to rebuild your credit history and raise your credit score, often within one to two years after bankruptcy.

Having just observed another Halloween, I thought this might be a good time to discuss the evils of “Zombie Debt.” 

Credit card debt is a problem, both for the nation and for individuals. According to credit reporting agency Experian, Americans were carrying about $834 billion in credit card debt as of the end of 2018, and that number continues to grow.

The 341 Meeting which has been scheduled in your case will be held at the Robert S. Vance Federal Building located at 1800 Fifth Avenue North, Birmingham, Alabama 35203-2111.

Remember to dress appropriately for your hearing-business casual attire. (Shirts with collars and sleeves, long pants, skirts or dresses with sleeves. No shorts, t-shirts, tank tops, flip flops, etc.)