Alabama Chapter 7 Bankruptcy Laws?

Answer As an Alabaman consumer, you can file for bankruptcy under Chapter 7 or Chapter 13 of the Federal Bankruptcy Code. Chapter 7 is also called straight bankruptcy because it wipes out all debts except... Read More »

Top Q&A For: Alabama Chapter 7 Bankruptcy Laws

Can they take my home in a Chapter 7 bankruptcy in Alabama?

If your home is worth more than $5,000, you likely will lose it by filing for Chapter 7 debt relief, according to the Total Bankruptcy website and the book, "How to File for Chapter 7 Bankruptcy." ... Read More »

What is chapter 7 in the bankruptcy laws?

Bankruptcy is a last-resort option for individuals and businesses that have too much debt to control. One type, chapter 7, involves near-complete liquidation of the petitioner's assets in order to ... Read More »

Chapter 7 Bankruptcy Laws in Louisiana?

A Chapter 7 bankruptcy filing allows consumers to discharge any debt obligations and receive a fresh financial start. Each state has specific income guidelines and exemptions that are required for ... Read More »

Chapter 7 Bankruptcy Fraud Laws?

Chapter 7 bankruptcy fraud is the act of using the federal bankruptcy system to avoid paying debts that a petitioner has the ability to repay. Bankruptcy fraud is a federal offense which anyone can... Read More »