Montgomery Bankruptcy Lawyers
Call us today at (334) 782-9938
If you are in need of debt relief and are seeking some financial advise, then call and speak with our Montgomery bankruptcy lawyers today. We are charging $850 for no asset Chapter 7 bankruptcy filings locally in the Montgomery area, so call us today to speak with one of our bankruptcy lawyers
Filing for Bankruptcy
If you are drowning in debt and it seems like you will never get caught up, then filing for protection under the Bankruptcy Code might be the best option, depending on your particular financial situation. If you find yourself fighting an uphill battle financially and do not see a way out of it, then give our Montgomery bankruptcy lawyers a call and let us answer any questions you may have.
Many people have found themselves in these types of situations due to such life changing events as divorce, injuries, loss of a job, or even certain personal difficulties that cause one to go through a difficult period in their life. These types of situations can cause anyone to go through a tough financial time and spiral into debt so quickly that they are in over their head before they realize it.
If most of your debts are unsecured (meaning that the debts are not secured by property such as a house or vehicle), and they are not student loans, child support, recent tax debts, or certain other specially protected debts, then you may be able to file a Chapter 7 bankruptcy. This type of bankruptcy can eliminate your obligation to pay these types of debts very quickly, with most Chapter 7 cases lasting about three months. At the end of the case you will receive something called a discharge, eliminating these debts and giving you a fresh financial start.
That ability to eliminate debts so quickly is what makes a Chapter 7 bankruptcy so powerful. In order to file this type of bankruptcy you must qualify, and in order to qualify there is an income based test that is applied. The test is based on your average gross monthly income for the six months prior to filing. Our Montgomery bankruptcy lawyers can perform this test in person or over the phone, and help determine whether you can qualify for a Chapter 7 bankruptcy.
Filing for Bankruptcy in the Montgomery Area
If you qualify for a Chapter 7 bankruptcy, then once your case is filed you will have to go to a Meeting of the Creditors or a 341 hearing. This is usually scheduled about thirty days after your case is filed and no creditors usually show up for this hearing. If you are in Montgomery or the surrounding areas of Prattville, Selma, or even down in Dothan or Auburn, then you will most likely be filing in the United States District Court in the Middle District of Alabama and your Meeting of the Creditors will likely either be held in the federal courthouse in downtown Montgomery, Opelika, or in Dothan (depending on your county of residence). Our Montgomery bankruptcy lawyer will be with you at this hearing, there is no judge, and no creditors usually show up. When your bankruptcy is filed there is an attorney called a Trustee that gets appointed to your case. Among other responsibilities, the Trustee must ask you questions under oath to ensure you are telling the truth about your assets, income, and all other information in your bankruptcy schedules and petition. The Trustee will usually just ask a few questions concerning your assets and income at this Meeting of the Creditors.
There can be issues in your Chapter 7 case if you have substantial assets or if you have a large amount of equity in your house, vehicles, or other property. If you do have assets, then this type of bankruptcy may not be the best option for you. If you do not qualify for a Chapter 7 or have certain unprotected assets, then you may need to file something called a Chapter 13 bankruptcy. This is basically a five year payment plan, where you repay all or some of your debts over time. If you call today, one of our attorneys can talk to you to determine what type of bankruptcy is best for your financial situation.
Our local Montgomery bankruptcy lawyer is a member of the Montgomery Bar Association, and the Harris Firm is a member of Montgomery Chamber of Commerce and the Central Alabama Better Business Bureau. If you are considering filing for debt relief, then call our Montgomery bankruptcy attorneys today and let us answer your questions and counsel you and your family through this difficult financial time.