At the Sellers Law Firm, our experienced Montgomery, Selma, and Central Alabama bankruptcy lawyers can help you file for a Chapter 13 bankruptcy in Alabama letting you retain ownership of your important assets. If you are unable to pay off your current debt but have a stable income, you might benefit by joining the 15,000+ Montgomery area residents who are already improving their financial status with a pending Chapter 13 debt consolidation case. We don’t charge any attorney’s fee or court costs upfront in a Chapter 13 case!What Happens to Your Debt With Chapter 13
While a Chapter 7 bankruptcy eliminates your debt in usually much less than a year, a Chapter 13 takes 3-5 years to process. During this time, you will make monthly payments to pay off your creditors and restore your credit. This form of bankruptcy is sometimes called "debtor's consolidation bankruptcy" or "repayment bankruptcy.” A Chapter 13 also allows you to pay the attorney fees and court costs in a monthly payment which is included in your Chapter 13 payment. A Chapter 13 and a Chapter 7 are the only debt relief options which give you a federal court order to protect you from the harassment of creditors or a repossession, foreclosure, or garnishment!
At The Sellers Law Firm, our Montgomery, Selma, and Central Alabama bankruptcy lawyers will help you review your debts, properties, assets and current income to determine if a Chapter 13 debt consolidation is the right choice for your financial plight. Most people only repay a small portion of their debt under this plan, and we usually find it to be the most effective option. In the Montgomery, Alabama area, around 85% of all cases filed are Chapter 13 cases.Protect Your Property and Your Sanity
The stress associated with debt grows as you fall further behind on your payments. Each month you may find that you ‘rob Peter to pay Paul.” However, with a Chapter 13 bankruptcy, you can put an end to the building pressures. The legal process will allow you to arrange payments that you can afford to clear your debt and stop the harassment that accompanies unpaid bills, repossessions, foreclosures, and garnishments.
You can protect your home from foreclosure and prevent creditors from repossessing the properties that you have purchased. Additionally, filing for this type of bankruptcy will impede embarrassing wage garnishments. Being able to stop foreclosures and help you keep your home is our goal. We can help protect your automobile as well. If you have fallen behind on car payments and are concerned about repossession, we can help you keep the car and often reduce the interest payments at the same time. Sometimes, we can even reduce the amount owed on the car to the actual value of the car.
Our entire legal team knows that this is a very stressful time for our clients; therefore, our goal is to be honest and straightforward about how we can help you! If a Chapter 7 or Chapter 13 is not the best option, we will explore other options which may be more beneficial to you and your family!Which is Better: Chapter 7 or 13 Bankruptcy
Each type of bankruptcy has benefits and drawbacks that we can help you to understand. Our personalized services will help you to determine which is best for your current financial situation. Remember that every client’s financial situation is different. There is no “cookie cutter” answer and our bankruptcy lawyers want to speak to you in detail to learn about you and your financial issues. If you want to protect your home and car, then a Chapter 13 debt consolidation is usually a better choice. Consult with one of our experienced Montgomery, Selma, and Central Alabama bankruptcy lawyers to know your rights!
Our experienced bankruptcy lawyers at The Sellers Law Firm practice throughout South and Central Alabama. Contact us today to arrange for a free consultation appointment. For many years, we heard the “near me” question. “Why don’t you have an office near me?” We answered that question by creating offices in Montgomery, Selma, Greenville, and Troy. We want to help you protect your assets and reclaim your financial health. Call or text us at 334-LAWYERS (334-529-9377) or use the Contact Form on our website to send us a message. Also, our phones are answered 24 hours a day, and we can usually meet with you within 24 hours of contacting us! Furthermore, you may even reach us on Facebook or email us at firstname.lastname@example.org. Remember that doing nothing changes nothing so act today!
- How to Find a Bankruptcy Attorney
- Bankruptcy Process
- Bankruptcy Glossary
- Bankruptcy Myths
- Facing Foreclosure
- Wage Garnishment
- High Interest Rate Credit Cards
- What You Should Do When Preparing to File for Bankruptcy
- What is the Automatic Stay
- Types of Creditor Claims in Bankruptcy
- Disclosure of Assets in a Bankruptcy Case
- Mobile and Manufactured Homes in Chapter 13
- Bankruptcy Exemptions
- Role of The Bankruptcy Trustee
- Proof of Claims Bar Date
- Section 341 Meeting of Creditors
- What a Bankruptcy Can and Can't Do
- The Confirmation Hearing
- Motion for Relief from Stay
- Emergency Bankruptcy Filing
- Debts Discharged at the End of Chapter 13 Bankruptcy
- Life After Bankruptcy
The Sellers Law Firm is designated a debt relief agency by an Act of Congress and the President of the United States. We have proudly assisted people seeking relief under the U.S. Bankruptcy Code for four decades.