Is a Chapter 7 Bankruptcy an Option for You?
When people call the Law Offices of Max C. Pope, Jr. about debt relief, it becomes clear quickly that they are experiencing tremendous stress due to the financial burdens they are carrying. They have questions that include:
- What part of the debt can I eliminate?
- How much is this going to cost me?
- Is bankruptcy the right solution for me?
- Will bankruptcy stop creditor harassment?
Get Relief Now. Call 205-327-5566 Or E-Mail Us.
Our Birmingham, Alabama, bankruptcy lawyer helps people create workable, realistic solutions to debt problems. A chapter 7 bankruptcy involves receiving a discharge of debt. In a chapter 7 bankruptcy you can eliminate most of your debts (with some exceptions) without paying them back, although this depends on each individual situation.
We identify and review every aspect of your financial history, including debts, assets and earnings to help you determine the best course of action toward a fresh financial start.
What You Get to Keep in a Chapter 7 Bankruptcy
In a chapter 7 bankruptcy, most people get to keep household possessions. You can keep your home or your car if you reaffirm your agreement to pay these loans.
An experienced lawyer can take your unique situation and apply it to complex bankruptcy laws to help you maximize what you keep and minimize what you give up.
When you are a homeowner facing foreclosure and filing Chapter 7 bankruptcy, you must either catch up on back payments or give up your house. Especially in this troubled economy, many people are choosing to release their home ownership financial obligations. This means that they no longer have the added responsibility to pay back the first or second mortgages or property taxes that are delinquent.
People who want to keep their home and are unable to afford the arrears may need to file a Chapter 13.
Filing a bankruptcy Chapter 7 ends calls by creditors, garnishment actions, foreclosure and repossession actions.
Get Answers About Debt Relief
Filing bankruptcy is not the best option for everyone. Your individual situation may be better suited to negotiating with your creditors. We can help you determine what makes the most practical economic sense for you. Call 205-327-5566. Contact an attorney online.
