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Chapter 7

Regain Control Of Your Finances With A Chapter 7 Bankruptcy

If your debt is out of control and you cannot afford to pay your creditors, it is vital that you forge a new path. Let the Montgomery, Selma, and Central Alabama bankruptcy lawyers at The Sellers Law Firm show you the path to financial freedom! For many, a Chapter 7 bankruptcy can be the answer to their financial troubles. This federally regulated option can help you avoid the repercussions of unpaid debt and start rebuilding your credit record almost instantly. Only a bankruptcy can provide you with a federal court order to protect you from your creditors! An experienced bankruptcy lawyer like those at The Sellers Law Firm can help you determine if this is the answer to balancing your accounts. Our goal is to give you honest, straight forward representation in which we explain your options and give you the most precise answers to the many questions that you may have. We want every client to know what to expect if they file a Chapter 7. It is imperative to us that each client knows what happens through every step!

What is the Difference Between Chapter 7 and Chapter 13 Bankruptcy?

One of the first questions you need to answer before filing for bankruptcy is whether you should file for Chapter 7 bankruptcy or Chapter 13 debt consolidation. You might have heard Chapter 7 referred to as a "fresh start" or a "straight" bankruptcy. This is because it clears most debts within a few months from the start of the process. On the other hand, a Chapter 13 debt consolidation utilizes monthly payment plans over the course of several years before debts can be discharged. In a Chapter 7 bankruptcy, all court costs and attorney fees are paid at the beginning of the case. For this reason, many people chose to start a Chapter 13 debt consolidation because the attorney fees and court costs are paid over a period of time. Also, only 10-15% of cases filed in Montgomery, Alabama are a Chapter 7 bankruptcies. This will never mean that we don’t explore the option of a Chapter 7; it just means that our Montgomery, Selma, and Central Alabama bankruptcy lawyers look at every option available to you including the possibility of not filing a bankruptcy at all. We believe that there is no such thing as ever giving a client too much information!

Some people opt for Chapter 13 to retain ownership of properties considered non-exempt by bankruptcy laws. Most people who file a Chapter 7 bankruptcy can keep all of their belongings. However, under Alabama law, you can only keep up to $15,000 in equity in real estate and a married couple can keep $30,000 in equity. Please remember that this is not the value of the real estate, but the equity in the real estate! If your home and car payments are current, you might find that this faster option is a viable choice for your financial health.

What can I Claim With a Chapter 7 Bankruptcy?

Your credit report is used by lenders to determine your ability to pay your debtors. With a bankruptcy, you can have the negative items removed and start rebuilding your credit almost instantly. You can eliminate the following:

  • Old utility bills
  • Medical bills
  • Credit cards
  • Unsecured debt
  • Charge offs
  • Collections
Benefits of Filing for Bankruptcy

In addition to cleaning up your credit report, filing for bankruptcy provides other benefits. If your credit woes have creditors and collection agencies calling daily, contacting you at work or calling your family, then you can eliminate these troubling contacts for good. Once your bankruptcy is processed, you will no longer be subject to a wage garnishment either!

If you are tired of being harassed by creditors and falling further behind on your bills, it is time to take a proactive stance. Speaking to an experienced bankruptcy lawyer is the first step in reclaiming your life and financial health.

For many years, we would hear our clients state, “I wish you had an office near me.” At The Sellers Law Firm, we answered the “near me” question by creating offices in Montgomery, Selma, Greenville and Troy. Our phone lines are answered 24 hours a day so contact our bankruptcy lawyers today for a free consultation which we can usually schedule within 24 hours. Call or text us at 334-LAWYERS (334-529-9377) to begin repairing your finances. You may also contact the lawyers in our other locations! You may also use the Contact Us form on our website. Remember that doing nothing changes nothing! You may also reach us by sending us a message on Facebook or sending us an email at!

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.

Client Reviews
Brandon was my first choice for an attorney because he is part of the community and you see him at the local store or PTA meetings and he always has time for you and answer your concerns. Ronica Phifer
The Sellers Law Firm represented me in my social security case, and later in my Chapter 7 bankruptcy. I have been very happy with all that you have done for me, and I refer people to you all the time. Thanks for all that you have done for me and my family. Angie Langford
I would like to start out by saying Brandon sellers is more than a lawyer that has helped my family out in numerous occasions but he's also a great friend to our family. Whenever he can't find a resolution for the problem he always recommends somebody that can. I've known him for years grew up together always been really good friends. I like to say in closing I'm really glad I know him I'm glad he's been able to help us when we've needed him. Thanks for everything you've done. Timothy Palmer
The sellers law firm is the best in Alabama they are friendly and very professional from the attorneys to the people in the office. They where very helpful throughout the whole process and even after it was over. So if you are in need for a bankruptcy firm give Brandon sellers a call you won't be disappointed Thank you Again Brian Floyd
I highly recommend Sellers Law Firm, they are fantastic and care about their clients. They walk you through step by step and advise you of your options. Sheila Wright