C. Stephen Alexander, P.C., lawyers in Birmingham, AL, Alabama

Exempt Property in Chapter 7 Bankruptcy

Because Chapter 7 is a "liquidation" process, as opposed to a "reorganization," all of a debtor's "non-exempt" assets or property can be sold by a bankruptcy trustee, who then distributes the sale proceeds to the creditors. More...

Chapter 13 and the Divorced or Separated Debtor

Chapter 13 can help to cushion the financial impact of separation or divorce for one or both of the spouses. When payments on unsecured debts are no longer affordable, they may be stretched out and sometimes partially or even fully discharged.More...

Dischargeability of Taxes in Bankruptcy

Debtors may be able to discharge some or all of their older income tax obligations in bankruptcy. Dischargeability of these taxes turns on the question whether or not they are "priority" claims. Tax obligations that are non-priority are dischargeable. More...

Property Interests of Debtor and Other Family Members Affected by Bankruptcy Case

Analysis of the extent and nature of the bankruptcy estate is essential to determining what will happen to a debtor's property in bankruptcy, a subject that is often of enormous importance to the debtor's spouse or former spouse and to other members of the debtor's family. More...

Proofs of Claim

A proof of claim is the primary method creditors have of receiving funds in a bankruptcy proceeding. A proof of claim is a statement filed with the bankruptcy court listing debts owed by the debtor to a particular creditor. Proofs of claim should be filed with the court as early in the bankruptcy proceeding as possible.More...