Walker Law Firm - Bankruptcy Attorney
Bankruptcy Lawyer in Dothan, Alabama

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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? Are you worried about losing your home or vehicle because you’ve gotten behind on the payments? Have you gotten behind on your monthly payments and are now dealing with harassing phone calls and threatening letters from collection agencies? Times are tough and 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 allow you keep your home or car while also relieving you from having to pay your other creditors.

Clarke Walker is an experienced Dothan, AL lawyer who can put a stop to harassing phone calls and letters. He 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 main options when you file as an individual, Chapter 7 and Chapter 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. A lawyer experienced with bankruptcy cases 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 process.

Chapter 7 Bankruptcy vs Chapter 13 Bankruptcy, Which One Is Right For Me?

As your lawyer, Clarke 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 Clarke Walker today!

Questions You May Have For A Bankruptcy Lawyer About Debt And Filing Bankruptcy

Why Do I Need A Bankruptcy Attorney?

Bankruptcy can be complicated and requires considerable detail and that deadlines be strictly met. An experienced bankruptcy attorney is familiar with everything 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 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 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. Bankruptcy is not designed to wipe you out. Both Chapter 7 and 13 offer you a fresh start. - continue reading about bankruptcy filing

Can I Stop Foreclosure or Repossession?

If you are facing foreclosure or are already in foreclosure, bankruptcy will temporarily halt the foreclosure proceedings against you. In some cases you may be able make repayment arrangements that would allow you to remain in your home following the discharge of your case. - continue reading about bankruptcy and foreclosure

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. - continue reading about bankruptcy and repossession

Bankruptcy, Credit Counseling, and Your Credit Score

In order to ensure your success as a petitioner, bankruptcy law requires that a credit counseling and debtor education courses be taken before and after filing. - continue reading about bankruptcy and credit counseling

While bankruptcy can offer a chance to get out from under crushing debts and collections, 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 profile in the long run. - continue reading about bankruptcy and your credit score

What Is A 341 Meeting?

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 attorney by your side. - continue reading about and your 341 meeting

If debt is consuming your life we may be able to help. Clarke Walker is one of the most experienced bankruptcy attorneys in the area and can advise you on your options. Before you try to file for bankruptcy on your own consider contacting one the most experienced bankruptcy lawyers in the Dothan, AL area. Contact us today if you have any questions regarding bankruptcy or to find out if it would be the right option for you! Our office is open and we want to hear your story! We also offer a free consultation.

The Walker Law Firm is located in the heart of Dothan, Alabama. Dothan, Alabama offers the following places to visit and explore such as the Adventureland Theme Park, George Washington Carver Interpretative Museum, Wiregrass Museum of Art, Water World, and more.