Clanton Bankruptcy Lawyers & Attorneys
Call us today at (205) 564-2165!
Should you be considering bankruptcy but are in need of an attorney’s guidance, call us today to speak to Clanton bankruptcy attorney, Steven A. Harris over the phone. He can usually speak to you the same day you call and answer most questions over the phone. Currently, our attorney fee for filing Chapter 7 bankruptcy in Chilton County, Alabama is $850.
Filing a Bankruptcy in Clanton
Because of things like high medical bills, divorce, or any number of life altering events, millions of americans face a rapidly growing mountain of debt that quickly becomes unmanageable. Because of this, 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 isn’t one.
Figuring out whether bankruptcy makes sense for you comes down to weighing many factors in within your circumstances. If you’re 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.
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 to File in Chilton County
It’s highly imperative to decide on the right kind of bankruptcy to file in case 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. Four couples who have too high a monthly household income, they might also not qualify to file a Chapter 7 bankruptcy in Chilton County, Alabama.
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.
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.
Give us a call today to speak with a local bankruptcy attorney.
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.