Clanton Bankruptcy Lawyers & Bankruptcy Attorneys
$850 Chapter 7 Bankruptcy
If you have questions about a bankruptcy, our Clanton bankruptcy lawyer can give you a consultation over the phone the same day you call. The bankruptcy lawyer can usually answer most questions over the phone and there is no need for an in person consult in most cases. Currently, our Clanton bankruptcy attorney charges $850 for filing Chapter 7 bankruptcy in Chilton County, Alabama.
Clanton Bankruptcy Attorneys
Because of things like high medical bills, divorce, or any number of life altering events, millions of individuals can face a rapidly growing debt that can quickly become unmanageable. Our Clanton bankruptcy lawyer understands this and is here to help. The United States Bankruptcy Code allows individuals to seek debt relief and in many cases is the only option when paying the debts in full is not one.
Figuring out whether bankruptcy makes sense for you comes down to weighing many factors in within your circumstances. If you are dealing with just a few thousand dollars of credit card debt, settling might very well be the best way out. You can offer them a lump sum amount of less than what you owe. When a loan is delinquent, then a collection agency will usually take much less than the full amount to settle a debt.
Should you be behind on your mortgage and unable to come to an agreement with the mortgage company, then bankruptcy might allow you to keep your home and avoid losing it in a foreclosure sale. If you owe money on a car loan or mortgage and want to walk away from the property, you might be able to get rid of the entire indebtedness. Our Clanton bankruptcy lawyer can give you advice on your particular situation and which type of bankruptcy is right for you.
For this particular case, filing a Chapter 7 bankruptcy gets rid of all the debt on your car loan or mortgage and the creditor can only get what they can sell the property for. They cannot come after you for the difference in what they sell it for and what you owe. That amount can be discharged or eliminated in a Chapter 7 bankruptcy. If the majority of all of your debts are credit cards, medical bills, old tax debts, or personal loans you can get rid of all of the debt in a Chapter 7 bankruptcy. Should you not qualify for a Chapter 7 then you can usually structure an affordable payment in a Chapter 13 if necessary.
Types of Bankruptcy in Chilton County
It is imperative to decide on the right kind of bankruptcy to file if settling your debts outside of bankruptcy is not an option. For individuals with large amounts of equity in a home or property, then filing a Chapter 7 bankruptcy in Clanton, Alabama might not be the most beneficial option for them. For couples who have too high a monthly household income, they might also not qualify to file a Chapter 7 bankruptcy in Chilton County, Alabama. Our Clanton bankruptcy lawyer can tell you which one is right for you.
There are other considerations such as keeping a home that is in foreclosure. If you are delinquent on a mortgage or car loan, then Chapter 7 bankruptcy will usually not help keep the property, while a Chapter 13 may help you do so. Usually, if you do not have a lot of equity in your house, vehicles, or other property and your household income is low, you should be able to file Chapter 7 and get rid of your debts fairly quick and easy.
It is best to consult with a Clanton bankruptcy lawyer when making the decision about which type of bankruptcy to file, if any. Our local bankruptcy attorney in Clanton will gladly consult with you today and go over your options over the phone or in person.
Bankruptcy Attorney in Clanton
Once a bankruptcy is filed, about a month later, a Meeting of the Creditors or 341 Hearing will usually take place. If you live in Clanton or the surrounding areas of Alabaster, Calera, Jemison, or Montevallo, then your case will most likely be filed in the U.S. District Court in Northern District of Alabama.
Our Clanton bankruptcy lawyer will be at the Meeting of Creditors with you. There is no judge and typically not even any creditors – only a person called a Trustee that will ask you some questions about your property or your financial situation in general. In a Chapter 7, you will get a discharge about sixty days after your hearing. In a Chapter 13, the case can stay open for years while you make your monthly payments.
Our local Clanton bankruptcy attorney is a member of the Shelby County Bar Association and the Central Alabama Better Business Bureau. If you are considering filing for debt relief, then let our Clanton bankruptcy lawyer answer your questions today and help you make the best decision for you and your family.