Walker Law Firm - Bankruptcy Attorney
Debt Relief 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? 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 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.

Seek Legal Advice From An Experienced Attorney

Clarke Walker is an experienced Dothan, AL Attorney who can put a stop to harassing phone calls and letters. Filing for bankruptcy could also discharge debt and let you 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 for bankruptcy through an attorney, your creditors can not contact you for any debt collection purposes. When you have an attorney handling your bankruptcy, they must contact your attorney for any matters related to your bankruptcy.

Filing for Bankruptcy - There are two main options for filing as an individual, Chapter 7 and Chapter 13.

Chapter 7

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. It is usually simpler 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 offer you a good idea whether Chapter 7 would be right for you.

Chapter 13

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 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.

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

As your bankruptcy lawyer, Clarke can help you figure out which option is best for you and advocate for your legal right to relief under bankruptcy law. Don't let yourself be overwhelmed when bankruptcy could be a viable option. Contact the Walker Law Firm today!

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

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 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 Bankruptcy 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 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

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

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 profile in the long run. - continue reading about bankruptcy and your credit score

What Is Credit Counseling, Is It Necessary?

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 for bankruptcy. - continue reading about bankruptcy and credit counseling

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 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 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 attorney 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 working 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. 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!