The Chapter 7 Discharge A discharge releases individual debtors from personal liability for most debts and prevents the creditors owed those debts from taking any collection actions against the debtor. Because a chapter 7 discharge is subject to many exceptions, though, debtors should consult competent legal counsel before filing to discuss the scope of the […]

Not likely. Unless you’re a prominent person or a major corporation (or a major city in Alabama!) and the filing is picked up by the media, the chances are very good that the only people who will know about a filing are your creditors. While it’s true that bankruptcy is a public legal proceeding, the […]

Role of the Case Trustee When a chapter 7 petition is filed in Alabama, the bankruptcy court appoints an impartial case trustee to administer the case and liquidate the debtor’s nonexempt assets. If all the debtor’s assets are exempt or subject to valid liens, the trustee will normally file a “no asset” report with the […]

“I’ll lose everything I have.” This is the misconception that keeps people who really should file for bankruptcy from doing it.  In fact, bankruptcy can help you hold on to your property.  Many have this misconception and wait to explore the bankruptcy possibility. There is a common myth many believe about bankruptcy that the government […]

Chapter 7 bankruptcy, also called liquidation, is the most common type of bankruptcy and completely eliminates your dischargeable debt forever. Individuals who are granted Chapter 7 bankruptcy discharges have proven to the court that they have no realistic way to repay their debt over the course of the next three to five years.  When Chapter […]