Helena Bankruptcy Lawyers & Attorneys
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Our Helena bankruptcy lawyer is currently charging $850 for attorney fees in most Chapter 7 bankruptcy filings in Jefferson and Shelby Counties. If you would like the guidance and help of an experienced bankruptcy attorney, feel free to contact Attorney Steven A. Harris for a quick consultation over the phone. He is normally available to speak with you the same day you call and answer most questions over the phone.
Filing a Bankruptcy in Helena
Due to unforeseen circumstances and life altering events, it is common for many people to find themselves in difficult financial situations. This can be a result of anything from a divorce to high medical bills or any number of other things. The United States Bankruptcy Code is in place to give individuals like this an outlet for debt relief and, in many cases, ends up being the only option other than settling the debts with the creditors.
You must first decide whether filing bankruptcy makes sense for your particular situation. Should your debt consist of just a couple thousand dollars, then settling for that amount might make more sense than bankruptcy. You can do this by calling and offering them a lump sum amount of less than what you owe. In the case of a delinquent loan, a collection agency usually takes much less than the full amount to settle a debt.
For those who are struggling to catch up on their mortgage and have not been able to come to an alternative agreement with the mortgage company, then Chapter 13 bankruptcy might allow you to keep your home and avoid losing it in a foreclosure sale. For anyone who owes on a car loan or mortgage and needs to walk away from the property, you might be able to get rid of the entire indebtedness in a bankruptcy as well.
In a case such as this, you can file a Chapter 7 bankruptcy and get 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, this amount is what gets discharged or eliminated in a Chapter 7 bankruptcy.
When most or all of your debts are credit cards, medical bills, old tax debts, or personal loans you can get rid of all of this unsecured debt in a Chapter 7 bankruptcy. If you cannot qualify for Chapter 7 then you can usually structure an affordable payment in a Chapter 13, if necessary.
Types of Bankruptcy to File in Shelby County, AL
For instances when settling debts outside of bankruptcy isn’t a viable option, deciding which type of case to file is paramount. For those with a large amount of equity in their home or other property, filing a Chapter 7 bankruptcy in Helena, Alabama might not be the best choice. If you and your spouse have too high a monthly household income, then you might not be able to qualify to file a Chapter 7 bankruptcy in Shelby 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.
You should certainly consult with a local Helena, Alabaster bankruptcy lawyer when making the decision about which type of bankruptcy to file, if any. Our local bankruptcy attorney will be happy to speak to you today and go over your options over the phone or in person. We do not have an office in Helena, but we have one in downtown Alabaster on First Street North near the Municipal Annex. Give us a call today to speak with a local Helena bankruptcy attorney.
Bankruptcy Attorney in Helena
Our bankruptcy lawyer in Helena will be with you at this hearing. No judge will be present at this hearing, just a Trustee that will ask you some questions about your property and your financial situation in general. In a Chapter 7 bankruptcy, you will receive 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 Helena 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 local bankruptcy lawyer answer your questions today and help you make the best decision for you and your family.