Yes. We believe they can not individual some thing having a period of date once filing for bankruptcy. This is simply not real. You can preserve your excused assets and you may everything you get just after the new personal bankruptcy try registered. not, for many who receive a genetics, a property settlement, or term life insurance gurus within 180 weeks after your bankruptcy proceeding, those funds otherwise assets might have to be distributed for the creditors in the event the property otherwise cash is maybe not exempt. You can also continue any possessions included in Alabama bankruptcy exemptions through the personal bankruptcy.
(1) money owed to own kid service otherwise alimony, penalties and fees, and several fees;(2) expenses maybe not noted on their case of bankruptcy petition;(3) loans you have because of the knowingly offering not the case pointers to a creditor, which reasonably made use of it to make you the loan;(4) debts due to “willful and destructive” harm;(5) figuratively speaking owed to a college otherwise bodies human body, except if:– the brand new court identifies you to payment was an undue difficulty;(6) mortgages or other liens which aren’t paid-in the latest bankruptcy circumstances (but bankruptcy proceeding tend to get rid of your own responsibility to invest any extra currency if for example the house is sold from the creditor). (get a hold of Alabama Non-Dischargeable Expense)