If you’re swimming in debt and are unable to pay your bills, a Chapter 7 Bankruptcy Attorney in Wetumpka AL will be able to help you eliminate this type of situation. Bankruptcy is legal and can give an individual the financial freedom they need from collection calls, and so much more. A bankruptcy attorney will protect your rights throughout the process and explain each step of the process.
Each bankruptcy case is different, and both Chapter 7 and Chapter 13 might allow an individual to keep certain property and eliminate certain debts. An individual’s personal circumstances will determine which type of bankruptcy they qualify for. A bankruptcy attorney provides a free consultation so an individual can determine if filing bankruptcy is right for them.
Who Should File For Chapter 7 Bankruptcy?
In general, individuals who are interested in filing Chapter 7 bankruptcy want to dispose of all of their debt and don’t own much property. If the individual doesn’t have much equity in the property they own and are current on their payments, they might be able to keep their home. When an individual wants to dispose of their debt and their property, Chapter 7 bankruptcy is a great choice to make. For more information, click here.
Will All Of The Debt Be Eliminated?
Most of the debt will be eliminated by Chapter 7 bankruptcy. Certain debts like taxes, child support, alimony, and student loans, cannot be discharged in any type of bankruptcy.
Other Types Of Bankruptcy
Chapter 13 is another popular type of bankruptcy an individual can choose from. This type of bankruptcy is ideal for an individual who has many assets and a regular source of income. A plan for repayment will be presented to the bankruptcy court that provides affordable monthly payments over a three to five year period until the individual is caught up.
A Chapter 7 Bankruptcy Attorney in Wetumpka AL can provide you with all of the answers you need to eliminate your debt and stop harassing telephone calls from creditors. If you’re unsure whether you should file for bankruptcy, the attorney will provide you with no-obligation free consultation to discuss your case. For more information about filing bankruptcy, please contact Courtney & Mann LLP.
