Chapter 13 Bankruptcy Attorneys in Huntsville

If you are overwhelmed with debt, a Chapter 13 bankruptcy may help. Our Chapter 13 bankruptcy attorneys in Madison County can get it filed with the Court and get you some debt relief. This type of bankruptcy enables an individual to reorganize outstanding debts while maintaining ownership of their assets. It can eve avoid foreclosure or repossession of property.

When you hire a local bankruptcy attorney in Decatur or Madison County, then they will get all of your paperwork and prepare your filing. Once all paperwork has been accepted by the courts it is then up to the assigned judge to approve the filing or reject it based on the specifics of your case.

If approved, then a repayment plan is then established over a three-to-five year period which requires that creditors be paid according to what was negotiated within these terms. This gives individuals who may be dealing with an overwhelming number of bills an opportunity at stability while still being able to keep assets they own.

A Chapter 13 bankruptcy can help stop a foreclosure or repossession and can provide some much needed debt relief if used properly. The decision whether to file a Chapter 7 or Chapter 13 bankruptcy in Madison County, should be made in close consultation with a local bankruptcy lawyer in Hartselle or anywhere else in Morgan County.

It should also be noted that filing for Chapter 13 won’t wipe out all types of liabilities like certain taxes or child support obligations either—which require separate action if seeking relief from them specifically.   So if you’re considering this option in Madison County and want more details regarding how it works, then you should speak with an experienced bankruptcy attorney in Huntsville before making any final decisions!