Chapter 7 is one of your Bankruptcy Options. Chapter 7 cases allow “honest but unfortunate debtors” to get a fresh financial start. Through this website, you will be able to explore the many benefits of filing a Chapter 7 Bankruptcy Case. Here you can learn about keeping your property. You can learn about the Chapter 7 process and what to expect. Keep reading to find out more. Knowing and understanding your Bankruptcy Options is important and can ensure that you make the decision that is right for you.
Chapter 13 is another Bankruptcy Option. A Chapter 13 case offers debtors many ways to reorganize their finances, including:
- cure arrearages on home and car loans;
- lower interest rates on some debts;
- stop interest and penalties on unsecured debt;
- stop creditors from foreclosing on your home, repossessing your car, or garnishing your wages;
- stop creditors from harassing you.
In Chapter 13, you propose a plan that shows how you intend to repay all or a portion of your debt. Your case will last 36 to 60 months. After your case is filed, you will start making payments to the Chapter 13 Trustee each month. Once the Court approves your plan, the Trustee will use the money to pay your creditors as outlined in your plan. This website discusses Chapter 13 in more detail. Read about the advantages and disadvantages of Chapter 13 bankruptcy, so you can be informed about your Bankruptcy Options.
Which of the Bankruptcy Options is Right For Me and How Do I Get Started?
There is a lot to learn and many of your questions will be answered by this website. When you are ready to discuss your options further, call me at 205-349-5911 (Tuscaloosa) or 205-453-1012 (Birmingham). I will set up an appointment for a free consultation to talk with you and help you to decide which of the bankruptcy options is right for you.
What Makes Me Different?
My name is Melinda Dionne. I have 28 years of experience helping people solve their debt problems. I treat each of my clients with respect and I will use my experience to help you get the relief you need. Why not get the benefit of an experienced bankruptcy lawyer to get a fresh financial start. I speak to all of my clients directly, not through secretaries or paralegals. When you hire me, you are able to speak to me when you have questions. Call me and let me show you how different having access to your attorney can make your experience.