Bankruptcy – Chapter 7

Chapter 7 Bankruptcy Attorney Birmingham, Alabama

Chapter 7 Bankruptcy is something few people like to think about, but if you are overwhelmed by debt, it may be the best option for you.  It can erase most of your debts and give you the fresh start you need .

Some debts that are NOT discharged (erased) in Chapter 7 are:  taxes, student loans, child support/alimony/marital debts and a few others.  Most common debts that are discharged: credit cards, automobile debts, mortgages, etc…

If you feel overwhelmed by debt and don’t think there is ever a way you will be able to “dig out”, then Chapter 7 Bankruptcy may be the option for you.

Contact me to schedule a free consultation to talk about your situation and options.

Here are some frequently asked questions (FAQs) about Chapter 7 Bankruptcy:

1. Will filing Bankruptcy stop a garnishment? Yes.

2. Will it stop a foreclosure?  Yes, BUT, only for a short while.  If you’re interested in saving your home from foreclosure, Chapter 13 Debtor’s Court is an option.

3. Will it ruin my credit forever? No.

4. Do I have to got to court?  Yes, you will likely go to court, but usually only once…about 30 days after your case is filed.

5. Will I lose my house and car?  No, not necessarily; I can explain this in further detail, during an in-office, free consultation.

6.  What do I get to keep if I file Bankruptcy?  Most people who file bankruptcy do not have to give up any property.  After a review of your specific situation, I can explain to you what you can and can’t keep.

7.  How long will my case last?  Most bankruptcy cases last about 4 months.

Contact me to schedule a free consultation to discuss your situation and options.  It’s free and will give you the information and knowledge you need to determine whether bankruptcy is right for you.

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