Bankruptcy in Alabama: Consider The Alternative
March 20, 2023
According to the United States Bankruptcy Court, in Alabama there were a total 16,972 bankruptcy filings in 2021. This includes both personal bankruptcies and business bankruptcies. As of September 2021, Alabama’s total state debt was approximately $23.5 billion. Bankruptcy Laws In Alabama Bankruptcy laws in Alabama are governed by both federal and state law. The…
Considering Filing? You Need To Know What Happens When You File Bankruptcy
March 9, 2023
What is Bankruptcy? Thinking about filing bankruptcy? Bankruptcy is a court proceeding in which a judge and court trustee examine the assets and liabilities of individuals and businesses who can’t pay their bills and decide whether to discharge those debts so they are no longer legally required to pay them. What should to consider when…
What Happens If You Don’t Pay Medical Bills?
March 3, 2023
Americans are estimated to collectively owe as much as $140 billion in outstanding medical debt. 1 in every 3 U.S. adults have at least one unpaid healthcare bill. Statistics show that households with children are more likely than those without children to have unpaid medical bills. Medical bills are the nation’s largest source of collections…
Why is Chapter 13 Bankruptcy a Bad Idea?
February 24, 2023
Bankruptcy laws exist for those whose debt has become unmanageable. Whether it’s bad fortune or financial irresponsibility, filing for bankruptcy does provide the opportunity to alleviate the debt. In the United States system, the two most common types of bankruptcy are Chapter 7 and Chapter 13. In Chapter 7 bankruptcy debtors can erase debts with…
Commercial Debt Management: What Business Owners Should Know
February 21, 2023
Running a business is not an easy task. Business owners have their hands full at all times. They have to keep their products competitive, stay on top of today’s financial market, and keep the bills paid. Needless to say, the responsibility of keeping a business afloat is overwhelming. Many times, a business owner runs into…
