Bankruptcy Attorney Birmingham, AL
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Birmingham’s Premier Bankruptcy Attorney
Bankruptcy can wipe the slate clean and let you live a debt-free life. But it does not come without its consequences. Before you file for bankruptcy, you should sit down with a skilled Birmingham Bankruptcy Attorney. At our firm, we have extensive experience assisting Birmingham-area clients with the following types of bankruptcy:
Chapter 7 — Also known as liquidation bankruptcy, Chapter 7 bankruptcy is best suited for individuals with a large amount of debt. In addition, Chapter 7 bankruptcy is a relatively quick process, taking approximately four to six months to discharge all debts. However, it may require the seizure and liquidation of property and assets to pay creditors back. Furthermore, not all debts are dischargeable — alimony payments, personal injury damages and student loans are unaffected by bankruptcy.
Chapter 11 — Chapter 11 bankruptcy is designed for small businesses. It allows a business to reorganize and restructure debts while continuing to operate. Businesses are allowed to create their own repayment plans as long as the bankruptcy court approves the plan.
Chapter 13 — Chapter 13 is a form of bankruptcy that allows you to pay your debts back slowly over the course of a few years. Individuals who have debt but also have a consistent income usually favor this form of bankruptcy.
If you can no longer afford the monthly payments on your bills such as credit card payments, medical bills, loans, etc. please call our office at 205-4322-1641 for a free consultation to see about filing a Chapter 13 or a Chapter 7. Bankruptcy will stop garnishments, repossessions, and lawsuits.
If you can file a Chapter 13 bankruptcy, unsecured debts can sometimes be paid less than 100% depending on the circumstances in your case. Car loan payments can be reduced and past due to home loan payments can be repaid over time.
If you can file a Chapter 7 bankruptcy, you can get rid of some or all unsecured debts, can surrender items that are secured such as autos and avoid liens on pledged household goods and keep the household goods.
Need To File Bankruptcy In Birmingham?
A bankruptcy filing under new bankruptcy laws has become much more complicated and confusing. Bankruptcy is Bouloukos, Oglesby & Mitchell primary area of practice. You can trust our knowledge and experience to help you during these trying times. We will work with you to make the bankruptcy process as understandable and painless as possible.
Contact A Birmingham Bankruptcy Attorney!
Unlike many of our competitors, we will represent you even if you have previously filed a case. Every week, our Birmingham Bankruptcy Lawyers successfully argue motions to extend or reimpose the automatic stay.
And best of all – there is never a charge for a first appointment. You can educate yourself about personal bankruptcy in a comfortable, no-stress meeting. We are happy to schedule your
free appointment to discuss your case.