Monthly Archives: May 2022

When you have mountains of debt, there’s lots to worry about. How can I afford to pay rent or my mortgage? How can I afford lunch this week? How am I going to pay this off? And maybe even: are my creditors going to start garnishing my wages? If so, how much money are they going to take out of my paycheck? The answer to the last two questions often depends on the state you live in. Bankruptcy lawyer Eric Wilson has extensive knowledge about wage garnishment Alabama, and how these

Not only is divorce painful emotionally, but it’s also painful financially too. It’s a challenge to pay the divorce attorneys while also learning to survive on only one income for possibly the first time in years. As a result, you may also struggle to keep your home, keep your car, put food on the table, and keep up with your spousal maintenance and child support payments. All of this financial strain can certainly lead to crippling debt.

Sometimes life gets bumpy, and we face financial difficulties. This may be due to circumstances such as a job loss, reduction in income, or illness. For many people overwhelmed by mounting debt, a Chapter 7 bankruptcy is a huge relief. This type of bankruptcy eliminates unsecured debt and some secured debts. However, if you want to hold on to some of your property, reaffirmation of debt may be the best avenue to keeping your car or home.