Albertville Bankruptcy Lawyers & Attorneys
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Should you be one of the millions of Americans unfortunately overwhelmed with debt? If so, then call one of our Albertville bankruptcy lawyers for a consultation in person or over the phone. Currently, our Albertville bankruptcy lawyers are charging $850 for most Chapter 7 bankruptcy filings in Marshall County and the surrounding areas. In a Chapter 7 bankruptcy, you will have a hearing called a Meeting of the Creditors. If you live in the City of Albertville or anywhere else in Marshall County, then your bankruptcy hearing will likely be in downtown Huntsville.
For cases where your income is fairly low and there are no assets involved, a Chapter 7 bankruptcy can be a fairly simple process. The main things to consider in a Chapter 7 are qualifying to file and making sure that all of your assets are protected. Qualifying to file is based on your household income and family size. If you and your spouse do not make enough to pay any creditor back then you can file Chapter 7. The other consideration is property, since Chapter 7 is sometimes called a liquidation bankruptcy. As long as you don’t have large amounts of equity in your home or vehicles then you should be able to file Chapter 7 and keep your home and other property. Call our local Albertville bankruptcy lawyer today for more information.
Bankruptcy Lawyers in Albertville
Our Albertville bankruptcy lawyer can discuss your financial situation and work with you to determine if filing bankruptcy is the right option for you. You can opt to do your consultation over the phone or in our Huntsville office on Memorial Parkway. Should you be considering filing for bankruptcy in Marshall County, Alabama then give us a call today.
For the individuals whose debt has gone out of control and overwhelming, The United States Bankruptcy Courts are there to provide debt relief through a variety of options and processes. For example, a Chapter 7 bankruptcy allows you to completely eliminate your unsecured debts such as credit cards, and medical bills quickly; normally approximately three months from the filing date. This is possible because those debts are unsecured – meaning there is no property securing them. Most unsecured debts are able to be discharged, with the exception of some, including student loans and some tax debts.
Our Albertville bankruptcy attorney can help determine whether you qualify for Chapter 7. Sometimes a Chapter 7 bankruptcy may not be the best choice and a Chapter 13 might be preferable for your particular situation. Chapter 13 bankruptcy is a payment plan, where you pay back some or all of your debts over a three to five year period. It is usually best if you have property that you cannot protect from liquidation or if your household income is too large.
Filing for Bankruptcy in Albertville
If our Albertville bankruptcy lawyers are filing your case in Marshall County or the surrounding areas of Decatur, Florence, Scottsboro, Madison, or Cullman, then it will be filed in the U.S. District Court for the Northern District of Alabama, Northern Division. Which Bankruptcy Court your case is filed in generally depends on the county in which you reside. This means if you reside in Albertville, Morgan, or Cullman County then your case will be in the Northern Division. Our Albertville bankruptcy attorneys will make sure you are filed in the correct jurisdiction to avoid the bankruptcy being filed in the wrong jurisdiction and being dismissed as a result.
Once your bankruptcy is filed by your Albertville bankruptcy attorney, the next step is the Meeting of the Creditors approximately a month later. This is an opportunity for the Trustee in your case and any creditors (although creditors rarely show up) to ask you questions under oath – there is no judge involved. Following the Meeting of the Creditors, you should have no additional hearings in a no asset Chapter 7 case.
There is a required financial management course you are expected to complete as your case is pending. However you can usually take the course online. You may have to sign some documents to be filed with the Court during your Chapter 7 case such as a reaffirmation agreement, but these will not typically require you to go to Court and can sometimes be approved without a hearing.
Our attorney is a proud member of the Better Business Bureau for North Alabama. The Harris Firm regularly files bankruptcy cases in the Northern Alabama area and we are familiar with the requirements in your jurisdiction. Our local bankruptcy lawyer can answer your questions about the process either in person or over the phone. If you would like to speak with our Albertville bankruptcy attorney, then give us a call today.