Alabama Bankruptcy Information
Are you considering filing for Chapter 7 or Chapter 13 bankruptcy in Alabama? Although much of bankruptcy is governed by federal law, some bankruptcy-related information and law is specific to your state.
Below you'll find Alabama-specific information on filing for bankruptcy as well as articles on the various Alabama bankruptcy exemptions. And for in-depth information on bankruptcy law and procedures, visit Nolo's Bankruptcy Center.
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If you file a Chapter 7 bankruptcy in Alabama, Alabama’s bankruptcy exemptions can help you protect all or part of your property.
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The Alabama Homestead Exemption
In bankruptcy, a homestead exemption protects equity in your home.
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Can I Keep My Work Tools if I File for Bankruptcy in Alabama
If you are considering bankruptcy and live in Alabama, you may wonder if you’ll be able to keep the tools, equipment, and vehicles you use for work, or if you’ll have to turn them over to the bankruptcy trustee. When it comes to keeping tools of the trade in Alabama, unless your work for the state
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Can I keep lawsuit money if I file for bankruptcy in Alabama?
When you file a Chapter 7 bankruptcy in Alabama, you may have to give up some or all of the money you receive (or may receive) from a lawsuit.
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The Alabama Motor Vehicle Exemption in Bankruptcy
Alabama does not have an exemption that specifically protects your motor vehicle, but it does have a "wild card" exemption that you can use to help protect your car, truck, van, or other vehicle if you file for Chapter 7 bankruptcy.
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If you file a Chapter 7 bankruptcy in Alabama, Alabama’s bankruptcy exemptions can help you protect all or part of your property.
-
The Alabama Homestead Exemption
In bankruptcy, a homestead exemption protects equity in your home.
-
The Alabama Motor Vehicle Exemption in Bankruptcy
Alabama does not have an exemption that specifically protects your motor vehicle, but it does have a "wild card" exemption that you can use to help protect your car, truck, van, or other vehicle if you file for Chapter 7 bankruptcy.
-
Can I Keep My Work Tools if I File for Bankruptcy in Alabama
If you are considering bankruptcy and live in Alabama, you may wonder if you’ll be able to keep the tools, equipment, and vehicles you use for work, or if you’ll have to turn them over to the bankruptcy trustee. When it comes to keeping tools of the trade in Alabama, unless your work for the state
-
Can I keep lawsuit money if I file for bankruptcy in Alabama?
When you file a Chapter 7 bankruptcy in Alabama, you may have to give up some or all of the money you receive (or may receive) from a lawsuit.
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