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Blog Posts in Chapter 7

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  • Can A Ch 11 Case Be Involuntarily Converted To Ch 7?
    Can A Ch 11 Case Be Involuntarily Converted To Ch 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 ...

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  • What Is a Reaffirmation Agreement in a Chapter 7 Case?
    What Is a Reaffirmation Agreement in a Chapter 7 Case?

    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 ...

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  • Can I Protect Business Property in Bankruptcy?
    Can I Protect Business Property in Bankruptcy?

    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 ...

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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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