Troy Bankruptcy Lawyers & Attorneys

For many Americans, unfortunately, overwhelming amounts of debt have debilitated their ability to progress. If you have found yourself taking on an unsustainable amount of debt, our Troy bankruptcy lawyers are here for you. Call us for a consultation in person or over the phone. Our Troy bankruptcy lawyers will help you file a Chapter 7 bankruptcy filing with a fee of $850. In a Chapter 7 bankruptcy, you will have a hearing called a Meeting of the Creditors. For individuals with fairly low income and no assets involved, a Chapter 7 bankruptcy can be a fairly simple process. Being eligible to file is based on your household income and family size.

Should you and your spouse not be able to afford to pay your creditors back, a Chapter 7 bankruptcy filing could be your best option. The Chapter 7 bankruptcy filing is also sometimes called liquidation bankruptcy since it takes assets into account. If you do not have large amounts of equity in your home or vehicles then filing a Chapter 7 won’t mean those things are collateral and you’ll be able to keep your home and other property. Call our local Troy bankruptcy lawyer today for more information.

Our Troy bankruptcy lawyer can discuss your financial situation and work with you to determine if filing bankruptcy is the right option for you.  You can opt to do your consultation over the phone or in our office on Memorial Parkway. Should you be considering filing for bankruptcy in Pike County, Alabama then give us a call today.

The United States Bankruptcy Courts are there to provide debt relief through a variety of options and processes for Americans who have found themselves in an unsustainable amount of debt. For example, a Chapter 7 bankruptcy allows you to completely eliminate your unsecured debts such as credit cards, and medical bills quickly; normally approximately three months from the filing date.  This is possible because those debts are unsecured – meaning there is no property securing them.

Most unsecured debts are able to be discharged, with the exception of some, including student loans and some tax debts. Our Troy and Montgomery bankruptcy attorney can help determine whether you qualify for Chapter 7.  Sometimes a Chapter 7 bankruptcy may not be the best choice and a Chapter 13 might be preferable for your particular situation.  Chapter 13 bankruptcy is a payment plan, where you pay back some or all of your debts over a three to five year period. It is usually best if you have property that you cannot protect from liquidation or if your household income is too large.

If our Troy bankruptcy lawyers are filing your case in Pike County or the surrounding areas of Florence, Scottsboro, Madison, or Cullman, then it will be filed in the U.S. District Court for the Northern District of Alabama, Northern Division.

Which Bankruptcy Court your case is filed in generally depends on the county in which you reside. This means if you reside in Pike County then your case will be in the Middle District of Alabama.  Our Troy bankruptcy attorneys will make sure you are filed in the correct jurisdiction to avoid the bankruptcy being filed in the wrong jurisdiction and being dismissed as a result. Once your bankruptcy is filed by your Troy bankruptcy attorney, the next step is the Meeting of the Creditors approximately a month later. This is an opportunity for the Trustee in your case and any creditors (although creditors rarely show up) to ask you questions under oath – there is no judge involved.  Following the Meeting of the Creditors, you should have no additional hearings in a no-asset Chapter 7 case.

There is a required financial management course you are expected to complete as your case is pending. However you can usually take the course online.  You may have to sign some documents to be filed with the Court during your Chapter 7 case such as a reaffirmation agreement, but these will not typically require you to go to Court and can sometimes be approved without a hearing.

Our attorney is a proud member of the Better Business Bureau for Central Alabama.  The Harris Firm regularly files bankruptcy cases in the Central Alabama area and we are familiar with the requirements in your jurisdiction.  Our local bankruptcy lawyer can answer your questions about the process either in person or over the phone.  If you would like to speak with our Troy bankruptcy lawyer, then give our local bankruptcy attorney a call today.