Walker Law Firm - Bankruptcy Lawyer in Dothan, Alabama
Have you lost your job or had your hours cut? Or does it seem that no matter how hard you work, you keep falling behind?
Are you worried about losing your home or vehicle because you’ve gotten behind on the payments? Have you gotten behind on your monthly bill payments and are now dealing with harassing phone calls and threatening letters from collection agencies?
With times being tough, no one needs the additional stress of dealing with harassment from collection agencies. If you are dealing with any of these problems, you are legally entitled to seek debt relief through bankruptcy.
Filing for bankruptcy may help you keep your home or car while also relieving you from having to pay your other creditors. If you are not sure whether filing for bankruptcy would be right for you, a bankruptcy lawyer could help you decide.
Consider Hiring a Bankruptcy Attorney
Clarke Walker is an experienced Dothan, Alabama bankruptcy attorney who can put a stop to harassing phone calls and letters. The Walker Law Firm can help you discharge debt and give up assets such as property or cars that are worth much less than the amounts owed, known as upside down mortgages or loans, without having to pay the remaining balances or overdue fees.
If you are considering bankruptcy, we can answer any questions you may have. If you file through an attorney, your creditors can not contact you directly! When you have an attorney handling your case, they must contact your attorney and not you.
There are two types individual bankruptcies, Chapter 7 and 13.
Chapter 7 Bankruptcy is sometimes known as a “straight” bankruptcy or a liquidation of assets and is usually completed with within a short amount of time. It is usually simpler since it for the most part, does not involve a repayment of unsecured debts under the proceedings.
A means test is used to determine whether you will have sell off any assets. An experienced bankruptcy attorney could offer you a good idea whether Chapter 7 would be right for you.
Chapter 13 Bankruptcy is designed for you keep your assets such as your home and car. Chapter 13 involves a repayment plan which is supervised by the Bankruptcy Trustee and usually lasts from 3 to 5 years. It also involves a meeting before the United States Bankruptcy Court. So while it is advisable to have a lawyer for any bankruptcy proceeding, it is especially important to have one for Chapter 13 since it is a more involved legal process.
The Walker Law Firm can help you figure out which option is best for you and advocate for your legal rights. Don't let yourself be overwhelmed when there could be a viable option. Contact our attorney, Clarke Walker today!
Questions You May Have About Filing For Bankruptcy Relief
Do I Need An Attorney To File For Bankruptcy?
Filing for bankruptcy can be complicated legal process and requires considerable detail and that deadlines be strictly met. An experienced bankruptcy attorney is familiar with bankruptcy law and help make sure that you provide all necessary information to the court, which could save you valuable time.
Missing forms or information can result in a delay or even a dismissal of your case. Once your case is dismissed, all collection activity against you can resume. - read more about bankruptcy attorneys
Does Bankruptcy Mean I Lose Everything?
No, not at all. If anything, federal bankruptcy law is designed to allow you to keep your possessions while having your debt discharged or reorganized. Both Chapter 7 and 13 allow for certain assets to remain with you.
Depending on your circumstances or what type you file, you may be able to keep your home or car. In other cases all of your personal property could be considered exempt, or protected, from having to be sold to pay off unsecured debt. Both Chapter 7 and Chapter 13 bankruptcies offer you a fresh start. - read more about bankruptcy law
Can I Stop Foreclosure or Repossession By Filing For Bankruptcy?
If you are facing foreclosure or are already in foreclosure, bankruptcy will temporarily halt the foreclosure proceedings against you. If this is the case, contact a bankruptcy lawyer right away, especially if you live in Alabama where foreclosures do not require the approval of a judge. Under Chapter 13 you can make repayment arrangements that would allow you to remain in your home following the discharge of your case. - read more about bankruptcy and foreclosure law in Alabama.
Bankruptcy can also temporarily stop any collection or repossession activities against you and your vehicle. You will have the choice to arrange to either keep your car and repay past due amounts or if you owe a lot more than your car is worth, you can surrender it and have any past due amounts, collection, or repossession fees discharged. - read more about bankruptcy and repossession
Credit Counseling & Debtor Education
In order to ensure your success as a petitioner, bankruptcy law requires that credit counseling and debtor education courses be taken before and after filing. - read more about credit counseling
Bankruptcy and Your Credit Score
While bankruptcy can offer a chance to get out from under crushing debt, it can also have a negative impact on your credit score when your case is filed. The damage is not however permanent and can offer you a chance to establish a more positive profile in the long run. - read more about bankruptcy and your credit score
What Is A 341 Meeting, Will My Bankruptcy Lawyer Be There?
A 341 Meeting, also known as a Meeting of the Creditors, is a legal proceeding held by the trustee assigned to your case. The hearing is not a trial but it is a proceeding meant to verify your identity, your present and past income, and that all of the information and assets that you reported are accurate.
If you submitted a repayment plan, you will discuss the details with the trustee. You will have to swear under oath that all of the information you have provided is true so it is advisable that you have a your bankruptcy lawyer by your side. - read more about bankruptcy and your 341 meeting
If debt is consuming your life our law firm may be able to help.
Attorney Clarke Walker is one of the most experienced bankruptcy lawyers in the Dothan, Alabama area and can help you figure out your options. Before you try to file on your own, contact the Walker Law Firm today.
The Walker Law Firm is a debt relief agency. If you have any questions regarding bankruptcy or want to find out if it would be right for you, our office is open and our attorney wants to hear your story! Contact us for a free consultation.