Blog Posts in Chapter 7

Yes, it is possible for a Chapter 11 bankruptcy case to be converted involuntarily to a Chapter 7 bankruptcy case under certain circumstances. In the United States, bankruptcy cases are typically ...

In a Chapter 7 bankruptcy case , a reaffirmation agreement is a legally binding agreement between the debtor and a creditor, in which the debtor agrees to repay a debt that would otherwise be ...

Under Alabama bankruptcy law , you may be able to exempt certain business property in a bankruptcy case. The specific exemptions available to you will depend on the type of bankruptcy you are filing ...

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 ...

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 ...

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 ...