Financial problems happen to people from all walks of life. Losing our job, divorce, business failure, medical bills, and other things that are out of our control can get us in over our heads. We’ve all made a bad financial decision at some point and sometimes the result can be unmanageable debt. Bankruptcy laws are there to protect us. I have two decades of experience helping my clients find peace of mind so that they can get back to enjoying their lives. Contact me today and let’s discuss your situation. The initial consultation is free.
Designed for debtors in financial difficulty who are looking for a fresh start
Chapter 7 can mean a fresh start because most unsecured debt, such as department store cards, credit cards, utility bills, medical bills and some personal loans are discharged (eliminated). The only debt you continue to pay is either for things you want to keep such as your home or car or debts that were excluded from discharge under the code such as child support or student loans.
When you file for bankruptcy in Alabama, you must compare your income to the median income for a household of your size in Alabama. If your income is less than the median, you will be eligible to file for Chapter 7. If your income is above Alabama’s median income, you still might qualify for Chapter 7, but you’ll have to provide detailed information about your expenses and payments on secured debts in order to find out.
I will help you make sure all the steps are completed correctly and that you receive a discharge of your debts as soon as possible so you can move on with your life.
Designed for debtors who need an affordable repayment plan
Chapter 13 is a bankruptcy repayment plan. With this option you will repay all or a portion of your debt and you will have three to five year to repay. You can keep your property while repaying your creditors.
The benefit of Chapter 13 is that it will stop foreclosure and repossession and allow you to catch up, sometimes with a lower interest rate and monthly payments on things such as automobile and furniture. Usually, you will pay your monthly mortgage payments directly, but consolidate the rest of your debts into one monthly payment.
While you’re in Chapter 13, your creditors can’t harass you. This is often a practical solution. I can walk you through the steps to getting started on a manageable repayment plan. Let’s schedule a time to sit down and discuss your financial challenges. The initial consultation is always free.
ATTORNEY ADVERTISING: This website is designed for general informational purposes only and should not be construed as formal legal advice on any issue, nor has an attorney/client relationship been established. All legal analysis has been made under Alabama law and may not be applicable to your state. No representation is made that the quality of the legal services to be performed is greater than the quality of legal services performed by other lawyers.
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