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Alexandria Legal Blog

Who files for bankruptcy? A wide range of people

You have heard cliches about who files for bankruptcy time and time again. But many different types of people wind up filing for bankruptcy in a move that will change their lives for the better. Why will doing so improve things? Because they ensure that they will gain...

Medical debt is a common reason for bankruptcy

The paying of medical debt can seem impossible. The burden has been significant, affecting many aspects of your life. But what options are there? Bankruptcy could help you. You are among many Americans who have been hit with extreme medical debt. Your life is going...

Bankruptcy: Too many misconceptions about this helpful tool

Many people assume that they know all about bankruptcy. Actually, most know little about it. Some people jump to conclusions about the people who file for bankruptcy, judging them, mocking them and avoiding them. Well, that is a bunch of nonsense, and, in these...

U.S. home foreclosures remain low. For how long?

As of now, the national halt on home foreclosures is set to end on July 31. It has had a major impact on the foreclosure rate in Louisiana and across the country. But with the moratorium set to expire soon, will banks rush to start foreclosing on homeowners who are...

Can I keep my car if I file for Chapter 7 bankruptcy?

Filing for Chapter 7 bankruptcy may be the best solution to eliminate overwhelming debts and start anew. Chapter 7 bankruptcy discharges the debts you have left after selling as much property as possible to repay the creditors. Sometimes you’ll have to make sacrifices...

U.S. credit card debt dropped by billions early this year

With U.S. unemployment still high and the economic recovery being so slow, it makes sense that households in Louisiana and around the country are cutting back their expenses. In fact, more than a year into the pandemic, it looks like Americans are being more careful...

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