Walker Law FirmDebt Relief Bankruptcy Lawyer in Dothan, Alabama
Have you lost your job or has your pay decreased due to the current pandemic? Or does it seem that no matter how hard you work, you keep falling behind? Is your debt increasing? Are you worried about losing your home or vehicle because you’ve gotten behind on the payments? Have you gotten behind on credit card and loan payments and are now dealing with harassing phone calls and threatening letters from debt collectors?
Times are tough and no one needs the additional stress of dealing with harassment from creditors and debt collectors. 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.
Filing for bankruptcy could also help you to 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 payments. If you are considering filing for bankruptcy, our bankruptcy lawyer can answer any questions you may have.
If you file for bankruptcy through an attorney, your creditors can not contact you for any debt collection purposes. When you have an attorney handling your bankruptcy, your creditors must contact your attorney for any matters related to your debt or bankruptcy filing.
Seek Legal Advice
Clarke Walker is an experienced Dothan, AL Attorney who can put a stop to harassing phone calls and letters.
Filing for Bankruptcy
There are two main options for filing as an individual, Chapter 7 and Chapter 13.
Chapter 7 Bankruptcy is sometimes known as a “straight” bankruptcy or a liquidation of assets. Chapter 7 Bankruptcy is usually completed with within a short amount of time as compared to Chapter 13 Bankruptcy. It is usually a simpler process since it for the most part, does not involve a repayment of unsecured debt under the bankruptcy proceedings. A means test is used to determine whether you will have sell off any assets. A bankruptcy attorney could give you a good idea whether Chapter 7 would be right for you.
Chapter 13 Bankruptcy is designed to help you keep your assets such as your home and car. Chapter 13 involves a debt repayment plan which is supervised by the Bankruptcy Court and usually lasts from 3 to 5 years. Chapter 13 also involves a meeting before the Bankruptcy Court. So while it is advisable to have an attorney for any bankruptcy filing, it is especially important to have one for a Chapter 13 bankruptcy since it is a more involved process.
As your bankruptcy lawyer, Clarke can help you figure out which option is best for you and advocate for your legal right to debt reduction under bankruptcy law. Don't let debt overwhelm your life when bankruptcy could be a viable option. Contact the Walker Law Firm today!
Questions You May Have About Debt, Filing Bankruptcy, and Bankruptcy Attorneys
Why Do I Need A Bankruptcy Attorney?
Bankruptcy can be a complicated process that requires considerable detail and that deadlines be strictly met. An experienced bankruptcy attorney knows the process and all of the information you will need to provide 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 debt collection activity against you can resume. - continue reading about bankruptcy attorneys
Does Filing For Bankruptcy Mean I Lose Everything?
No, if anything it is designed to allow you to keep your possessions.
Both Chapter 7 and Chapter 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. Bankruptcy is not designed to wipe you out. Both Chapter 7 and Chapter 13 Bankruptcy offer you a fresh start. - continue reading about bankruptcy filing
Can I Stop Foreclosure By Filing For Bankruptcy?
If you are facing foreclosure or are already in foreclosure, filing for bankruptcy will temporarily halt the foreclosure proceedings against you. In some case you may be able make repayment arrangements that would allow you to remain in your home following the discharge of your bankruptcy. - continue reading about bankruptcy and foreclosure
I'm Behind On My Car Payments, Can Bankruptcy Stop Repossession?
Filing for bankruptcy will 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. - continue reading about bankruptcy and repossession
How Long Does Bankruptcy Stay On Your Credit Score?
While filing for bankruptcy can offer a chance to get out from under crushing debt, it can also have a negative impact on your credit score. The damage is not however permanent and can offer you a chance to establish a more positive credit profile in the long run. - continue reading about bankruptcy and your credit score
What Is Credit Counseling, Is It Necessary?
In order to help ensure your success as a petitioner, bankruptcy law requires that a credit counseling and debtor education courses be taken before and after filing for bankruptcy. - continue reading about bankruptcy and credit counseling
What Is A 341 Meeting?
The hearing is not a trial but it is a hearing meant to verify your identity, your present and past income, and that all of your reported assets are accurate. If your bankruptcy filing involves a debt 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 bankruptcy lawyer by your side. - continue reading about bankruptcy and your 341 meeting
If debt is consuming your life we may be able to help. Having an experienced bankruptcy attorney work for you could make all the difference. Our Dothan, AL Law Firm has many years of experience helping people find the relief from overwhelming debt and we can help you too! Contact us today if you have any questions regarding the bankruptcy process or to find out if filing for bankruptcy would be the right option for you!