Auburn Bankruptcy Lawyers & Attorneys
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If you, like millions of other americans, are drowning in debt and reside in Auburn, Alabama, please know that we are currently charging $850 for most Chapter 7 bankruptcy filings in Auburn, Alabama. Feel free to speak to our Auburn bankruptcy lawyers today to go over your financial situations and options moving forward.
Filing for Bankruptcy in Auburn, Alabama
If it is looking like you’ll never get caught up with your debt and it continues on mounting against you, you have a right to file for protection under the Bankruptcy Code; this may be the best option for you, depending on your particular circumstances. Should you be in the midst of an uphill battle financially and do not see a way out of it, give our Auburn bankruptcy lawyers a call and let us answer any questions you may have.
Life changing events as divorce, injuries, loss of a job, or even certain personal difficulties that often cause individuals to go through a difficult period in their life in which debt becomes unbearable. 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 has the ability to 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 a discharge, eliminating these debts and giving you a fresh financial start.
That fast acting power that the Chapter 7 Bankruptcy filing has to eliminate debts so quickly is what makes it the most renown and the most sought after. However, many people don’t know that you must first qualify with factors such as your income. The test is based on your average gross monthly income for the six months prior to filing. Our Auburn 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 Auburn Area
If you live in Auburn, Opelika, or the surrounding areas of Lee County, then you will likely be filing your bankruptcy in the United States District Court, Middle District of Alabama. Opelika is the county seat of Lee County, Alabama with the county courthouse located in Opelika and an annex in downtown Auburn. In a Chapter 7 bankruptcy, you will have a hearing called a Meeting of the Creditors. If you live in the City of Auburn then your bankruptcy hearing will be in downtown Opelika.
At the Meeting of Creditors, there will be no judge and normally, not even an y creditors, despite the name. Our Montgomery bankruptcy lawyer will accompany you there. There will also be a Trustee administering your case and asking 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 Auburn bankruptcy attorneys today and let us counsel you and your family through this difficult financial time.