Many around Alabama and the country mourned the recent passing of superstar country singer and songwriter George Jones. While many remember his smooth voice, heartbreaking lyrics and signature style, some might not know that the road to and through stardom was bumpy at times for the music star. Among the many difficulties that Jones had to overcome was a bout of bankruptcy.
Jones first emerged on the public scene in the 1950s and his star continued to rise during the '60s and '70s. Along with fame can considerable wealth, with several songs rising up the charts in those years. However, despite making the kind of money only a music superstar can imagine, Jones faced some unexpected life changes in the late 1970s and filed for bankruptcy to eliminate his debt.
Jones' hard times may be familiar for some Alabama residents-- divorces (one of them from the legendary Tammy Wynette), substance abuse issues and legal woes. But many people understand that in this struggling economy anyone can fall on hard times and have trouble making ends meet. Fortunately, like Jones, some may be able to take advantage to the bankruptcy laws in place to help people get back on their feet.
Alabama residents may not be aware of the options available to them in the form of Chapter 7 or Chapter 13 bankruptcy. Depending on their circumstances, debtors can select the option that best suits their needs. In some cases, a person may need to sell their assets before entering into a plan to eliminate debt, while other options allow one to keep some assets while paying manageable monthly payments.A trained legal professional may be able to walk Alabama residents through the various bankruptcy options available to ease their financial burden.
As the story of George Jones proves, anyone can fall on hard times, but they can also get back up again-the singer won his first Grammy Award after filing for bankruptcy!