Birmingham, AL, Bankruptcy Lawyer

The Birmingham, AL, bankruptcy lawyers at Holston & Huntley, LLC, represent people throughout Birmingham, Alabama, and surrounding counties who want to restructure or wipe out their debts. We understand the stress that often comes with these situations. Our Birmingham bankruptcy attorneys will guide you through the legal process with skill, dedication, and compassion. We’re dedicated to helping you build a strong financial future while protecting your assets.

Chapter 7 Bankruptcy Lawyer in Birmingham, Alabama

Not all bankruptcies are alike. There are two main options for people seeking relief from debt: Chapter 7 bankruptcy and Chapter 13 bankruptcy. Because every bankruptcy case  is different, it is important to consult an experienced bankruptcy lawyer in Birmingham, AL, to determine which option might be right for you.

Chapter 7 bankruptcy is an attractive option for people who have a substantial amount of unsecured debt — such as credit card debts, medical bills, and student loans — and earn less than the average state income. It’s an attractive option for many, as it allows you to pay off debts and discharge much of whatever is left.

Also, Alabama state law allows Chapter 7 filers to exempt some of their property. These exemptions often include a person’s home, up to a certain value, as well as some personal property. However, the value of the property that you may protect varies based on whether a person is filing for bankruptcy individually or a couple is filing jointly. Thus, exempt property may not be seized or sold to satisfy the bankruptcy debt.

Chapter 13 Bankruptcy Lawyer in Birmingham, Alabama

By contrast, Chapter 13 bankruptcy is often known as a “reorganization.” Because Chapter 13 is designed to give the person filing a chance to organize the debt. This allows you to pay off the debt over time. A court issues an order preventing creditors from pursuing the debt. This option is available for people who make too much money to qualify for the Chapter 7 process, who want to try to keep more of their assets or who are likely to be able to pay off much of their debt.

Contact a Birmingham, AL, Bankruptcy Lawyer

At Holston & Huntley, LLC, our Birmingham, AL, bankruptcy attorneys are familiar with the legal issues that often come up in bankruptcy cases. We are ready to help consumers throughout Alabama address their financial concerns and develop a plan that works for them. Also, our Birmingham bankruptcy attorneys are happy to sit down with potential clients to discuss their rights and options in detail. To schedule a free consultation with a Chapter 7 or Chapter 13 attorney, contact us online or by phone at 844.422.8339 (Ga-Buddy). We take pride in providing comprehensive and personalized legal services to each person who seeks our help.

Don’t risk attempting to file your petition alone in an attempt to save money. You face a high risk of having your petition rejected if you are unsure how to navigate the Bankruptcy Code. We offer free consultations for both Ch. 7 & Ch. 13 Bankruptcies.