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Blog Posts in Chapter 7

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  • CAN I KEEP AFTER ACQUIRED PROPERTY WHEN CONVERTING CH 13 to CH 7?
    CAN I KEEP AFTER ACQUIRED PROPERTY WHEN CONVERTING CH 13 to CH 7?

    Alabama has no specific exemption for personal injury claims. There is a personal property exemption available up to $7,750.00 that you can apply ( to the extent not already used) to the personal ...

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  • CAN JOINTLY OWNED PROPERTY BE PROTECTED  FROM CREDITORS?
    CAN JOINTLY OWNED PROPERTY BE PROTECTED FROM CREDITORS?

    A: The only way to protect your interest in the property from the joint owner's creditors or your own is to transfer it to a legal entity such as an LLC or an irrevocable Trust. The transfer to the ...

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  • Converting a case from Chapter 13 to Chapter 7
    Converting a case from Chapter 13 to Chapter 7

    In some cases, it will make sense to consider converting a Chapter 13 case to a Case under Chapter 7 . The first question that needs to be answered is whether you are eligible to proceed under Chapter ...

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  • What Happens to My Credit Score after I file a Chapter 7 Bankruptcy Case
    What Happens to My Credit Score after I file a Chapter 7 Bankruptcy Case

    A common myth concerning the bankruptcy process is that it will ruin your credit forever. This is simply not the case. Consumer credit reports follow an algorithm that is constantly changing. An ...

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  • Do I Need to File a Bankruptcy Case
    Do I Need to File a Bankruptcy Case

    The answer to this question is not always an easy one. Making the decision as to whether or not to file a bankruptcy case should be made after careful consideration of the unique facts and ...

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  • What is Redemption in Ch 7?
    What is Redemption in Ch 7?

    When an individual person files a Chapter 7 bankruptcy case, they may have an opportunity to pay an auto lender, or a lender who took household goods as collateral, less than what is owed under the ...

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