At the Sellers Law Firm, we can help you file for 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 bankruptcy case. We have successfully helped thousands of clients to regain their financial stability and, for as little as $50, we can help you too.What Happens to Your Debt with Chapter 13
While a Chapter 7 bankruptcy eliminates your debt in 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.”
We will help you review your debts, properties and current income to determine if debt consolidation is the right choice for your financial plight. Most people only repay a small portion of their debt under this plan.Protect Your Property and Your Sanity
The stress associated with debt grows as you fall further behind on your payments. 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.
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.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. If you want to protect your home and car, then Chapter 13 is usually a better choice.
Our experienced attorneys operate in Montgomery, Selmar, Greenville and Troy. Contact us today to arrange for a free consultation appointment. We want to help you protect your assets and reclaim your financial health. Call us at 334-LAWYERS (334-529-9377).