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Christopher Stanfield(33 articles)

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Does Bankruptcy Affect 529 College Savings Plans?

Does Bankruptcy Affect 529 College Savings Plans?

Jan 5, 2026 | Bankruptcy, Christopher Stanfield

If you’re dealing with debt and considering bankruptcy, you may worry about what will happen to the money you’ve saved for your child’s education. Fortunately, 529 college savings plans usually receive special protections during bankruptcy cases. This article will examine the impact of bankruptcy on 529 plans and the protections available for them. What Is …

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2025 Bankruptcy Threshold Updates: What Alabama Residents Need to Know

2025 Bankruptcy Threshold Updates: What Alabama Residents Need to Know

Nov 24, 2025 | Bankruptcy, Christopher Stanfield

Are you an Alabama resident or small business owner feeling weighed down by overwhelming debt? Changes to the bankruptcy code that took effect on April 1, 2025, could offer many Alabamians new opportunities for financial relief. These new regulations have set up higher monetary thresholds for bankruptcy filings. This change could allow thousands of Alabamians …

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Joint Bankruptcy vs. Individual Filing for Married Couples

Joint Bankruptcy vs. Individual Filing for Married Couples

Oct 13, 2025 | Bankruptcy, Christopher Stanfield

When financial hardships occur, many married couples might consider bankruptcy as a solution. However, choosing to file jointly or individually can significantly impact both partners’ financial futures. In this article, we will examine joint and individual bankruptcy filings, helping you understand the benefits and drawbacks of each option. Understanding Bankruptcy Basics Before discussing the differences …

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What Happens to Your Bank Accounts During Bankruptcy

What Happens to Your Bank Accounts During Bankruptcy

Jan 27, 2025 | Bankruptcy, Christopher Stanfield

One common concern when filing for bankruptcy is what will happen to your bank accounts. In this post, we’ll explore the implications of bankruptcy on your checking and savings accounts, ensuring that you clearly understand how the process will affect your financial situation. The Role of Disclosing Bank Accounts in Bankruptcy When you file for …

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What Happens If You Change or Lose Your Job during Chapter 13 Bankruptcy?

What Happens If You Change or Lose Your Job during Chapter 13 Bankruptcy?

Jan 20, 2025 | Bankruptcy, Christopher Stanfield

Navigating the complexities of bankruptcy can be an overwhelming experience, especially when unexpected life events, such as job changes or loss, arise during your bankruptcy journey. In this article, we will explore the implications of job changes or loss during a Chapter 13 bankruptcy, providing you with the information to make informed decisions and complete …

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Bankruptcy vs. Defaulting on Debt

Bankruptcy vs. Defaulting on Debt

Dec 16, 2024 | Bankruptcy, Christopher Stanfield

When facing overwhelming debt, individuals often find themselves at a crossroads, considering whether to default on their debt obligations or seek relief through bankruptcy. Each option has significant consequences, but bankruptcy can often provide a more favorable outcome. It offers the possibility of a fresh start, better long-term prospects for rebuilding credit, and overall financial …

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Who Can File for Bankruptcy?

Who Can File for Bankruptcy?

Oct 30, 2024 | Bankruptcy, Christopher Stanfield

Bankruptcy is a way individuals and businesses can legally pursue the means to eliminate or restructure their debts. It provides relief to those who are struggling under the burden of debt and cannot reasonably repay their creditors. But can anyone file for bankruptcy? Who Can File for Bankruptcy? The simple answer is, anyone can file …

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Are You Ready for a Financial Fresh Start?

Stop Drowning in Debt! Get a Fresh Start.

Aug 12, 2024 | Bankruptcy, Christopher Stanfield

Do you feel like you are drowning in debt? The phrase “drowning in debt” may be a cliché, but it fittingly describes the emotional state of someone who is dealing with a large amount of debt. The debtor feels overwhelmed, suppressed, incapable of normal activity, and fearful of not being able to overcome. Also, much …

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