Chapter 7 is a liquidation bankruptcy. What that means is discussed in detail below. The most common reasons for filing Chapter 7 bankruptcy are: Divorce; Job loss, or wage or overtime reduction; Catastrophic health problems (and lack of health insurance). Divorcing partners, in … READ MORE
Alabama Bankruptcy, Divorce & Social Security Lawyers
How Chapter 7 Bankruptcy Works
Who owns my mortgage?
The question of who exactly owns your mortgage is important to unravel when you are facing financial hardship. While you may initial presume that the company to whom you are sending monthly mortgage installment payments is the “owner” of your mortgage, this is, in fact, rarely the case. This … READ MORE
What to expect at your 341 Meeting of Creditors – Chapter 13 bankruptcy
The 341 Meeting of Creditors is the first hearing that you will be required to attend in the Chapter 13 bankruptcy process—and often the first hearing you have ever attended. This post explains the purpose and process of the Chapter 13 bankruptcy 341 Meeting of Creditors hearing in the Northern … READ MORE