If you feel like you're suffocating under the weight of your credit card bills and find that you are avoiding the telephone because you're tired of being harassed by bill collectors, find out whether Chapter 7 bankruptcy can offer the relief you are looking for.
By taking advantage of a free consultation with an Albertville bankruptcy lawyer, you can explore whether you could benefit from filing for this type of bankruptcy. Click below and connect with an Albertville bankruptcy attorney:
Chapter 7 bankruptcy may provide a new start financially to people who find themselves overwhelmed by unsecured debt (i.e., debt that requires no collateral, such as medical bills and credit card debt).
An Albertville bankruptcy lawyer may be able to tell you which of your assets could be exempt from liquidation; typically, exempt assets include necessities like equipment needed for work, some of the value in your home and car, plus clothing and furniture. Exemptions are different in each state, and will depend upon Alabama laws.
For people seeking to avoid foreclosure or repossession, Chapter 13 bankruptcy often provides a workable solution.
Your Albertville bankruptcy lawyer can counsel you about general bankruptcy information and how a Chapter 13 bankruptcy plan might allow you to repay what you owe over time while keeping up with your current payments. Chapter 13 bankruptcy is often used effectively by those with steady income who can make regular minimum payments, but have been thrown off track by unexpected expenses, temporary loss of income, or some other financial disruption.
Chapter 13 bankruptcy may be able to help you to eliminate collection calls, lower your interest rates, and stop the late charges that are making it so hard to catch up. Take advantage of a free consultation with a Albertville bankruptcy lawyer, who can answer your questions.
An Albertville bankruptcy lawyer can offer relevant bankruptcy information for you to decide on the course of action that is best for you.
This is your opportunity to educate yourself about the rights and options you have under the current bankruptcy laws; don't let pushy creditors pressure you into decisions that might not prove to be the best ones for you or your family.