AZ Homestead Exemption in Bankruptcy It is important to know your states homestead exemption before filing for bankruptcy. The applicable homestead exemption will help you protect your home through the bankruptcy process. Arizona bankruptcy law allows debtors to protect up to $150,000 of equity in their home. Married couples filing jointly are not permitted to [...]
Alabama Bankruptcy Law Contains No Exemption For Cars
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Overview of Alabama Bankruptcy Laws Each state as well as the federal government has enacted exemption laws which shield property from the claims of creditors and the bankruptcy trustee, once bankruptcy protection has been sought. In this regard, the state of Alabama is no exception. The Alabama legislature has passed exemption laws that allow those [...]
Can I Keep My Home If I File Bankruptcy in Alabama?
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Alabama Homestead Exemption – Can I Keep My Home If I File Bankruptcy in Alabama? Federal bankruptcy exemptions are not available for debtors in Alabama. As a result, those filing for bankruptcy in Alabama are forced to use state law to protect their home. Perhaps one of the biggest causes of anxiety when filing for [...]
What is a Bankruptcy Estate?
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When you file bankruptcy, all of your property becomes part of the bankruptcy estate. The property is then subject to the supervision of the Court and trustee while your case is open. Disclosure of ALL property is required if you expect to be relieved of your debts. When a debtor files a bankruptcy petition, [...]
Why Is My Credit Card Company Suing Me?
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Why is My Credit Card Company Suing Me? You’ve received a summons and complaint from your credit card company. What to do now? Should you file for bankruptcy? First, understand that credit card debt is a type of unsecured debt, meaning that if you can’t make payments, your credit card company cannot come after your personal property [...]
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