Bankruptcy Archives

Jun 21 2023

Bankruptcy and Your Credit Score: What you Need to Know

Bankruptcy is a financial tool available for individuals who are unable to pay their debts. It can be a difficult decision to make, but it can provide relief from overwhelming debt. However, one major concern of those considering bankruptcy in Alabaster, or the surrounding areas of Birmingham, is the impact it will have on their …

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Jul 11 2022

What Happens to Loans During a Divorce

Posted by Steven A. Harris | Bankruptcy, Divorce, Family Law

There is not a single answer to what happens to loans during divorce & marital debts when spouses divorce. Whether loans or debts are divided and how they are divided depends on the contracts regarding the debts. The court will consider the length of the marriage, whether both parties benefited from the debts, and each …

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Jan 30 2022

Bankruptcy & Divorce: A How To Guide

Posted by Lyle Solomon | Bankruptcy, Divorce, Family Law

Divorce and bankruptcy are two of the most stressful processes that anyone can go through. After infidelity, most divorces result from money issues. Financial hardship is the second greatest reason for obtaining a divorce attorney in Montgomery or wherever you live. According to these statistics, many couples who intend to divorce may also be in …

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Aug 4 2021

Bankruptcy or Divorce Which Comes First

Posted by Steven A. Harris | Bankruptcy, Divorce

Before prioritizing bankruptcy or divorce, a couple should determine whether they want to file a Chapter 7 bankruptcy or a Chapter 13 bankruptcy. A Chapter 7 bankruptcy case lasts a few months and can wipe the slate clean quick and fast. A Chapter 13 bankruptcy lasts three to five years and involves regular payments to …

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Jan 9 2015

Statement of Financial Affairs: Part II

Posted by Steven A. Harris | Bankruptcy

Statement of Financial Affairs II This blog series is devoted to explaining each and every line of the Statement of Financial Affairs (SOFA), which are part of the bankruptcy schedules that are filed in every case. We will continue where part I left off, explaining what is requested and the information you should generally provide. …

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Bankruptcy and Your Credit Score: What you Need to Know

What Happens to Loans During a Divorce

Bankruptcy & Divorce: A How To Guide

Bankruptcy or Divorce Which Comes First

Statement of Financial Affairs: Part II

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