chapter 13 bankruptcy

Chapter 13 Bankruptcy Attorneys in Auburn

With the current state of the economy, many people have lost jobs, homes, and found themselves with mountains of debt. If you have fallen on tough times in Alabama, the law offices of Haygood, Cleveland, Pierce, & Thompson, LLP, can help explain your bankruptcy options and guide you through the process so that you can achieve some relief.

Considering Bankruptcy

Bankruptcy is not something to take lightly. At the same time, however, there are circumstances where you would be wise to take this route. So while it should be given sincere consideration before taking this option, it isn’t something to avoid at all cost.

There are two types of bankruptcy, Chapter 7 and Chapter 13. Here we will go over the details of Chapter 13.

Chapter 13 Bankruptcy allows a person with a steady income to place most of their debt into a repayment plan. If you qualify for a Chapter 13 bankruptcy, you will pay off a portion of your outstanding debt over a period of three to five years. The amount of your monthly payments will depend on your debts, how much property you own, and how much you earn. This type of bankruptcy also allows you to keep more property that you might otherwise lose, such as a mortgaged home. Many times this is the simplest option because you no longer have to deal with all your creditors on an individual basis.

After determining that you wish to proceed with a Chapter 13 bankruptcy, we will help you create a repayment plan. This payment plan will allow you to pay a lower monthly payment for all of your bills. Once approved, payments are usually deducted from your pay check, or via an automatic withdrawal.

Regardless of the type of bankruptcy you choose to file, you will receive an automatic stay, which means that creditors will not be allowed to contact you for the duration of your case. That in itself might be worth filing.

The Benefits of Working with a Qualified Alabama Bankruptcy Attorney

Facing serious financial difficulties can be a stressful challenge for anyone. If you are drowning in debt or are being harassed by creditors, the law offices of Haygood, Cleveland, Pierce, & Thompson, LLP, has experienced Alabama bankruptcy attorneys who can help you emerge from these financial difficulties through the protections of the bankruptcy process.

Bankruptcies are complicated legal matters and they are never a do-it-yourself process. Our bankruptcy and debt relief lawyers will handle all the legal elements of your case, such as the filing process. We will also represent your interests with debt collectors and negotiate with creditors when appropriate.

Our attorneys will walk you through your options and ensure that you understand how each choice will impact your life. For eligible clients, this is a chance at a new start. Contact our Auburn office now at 334-821-3892 or reach us online to schedule an initial consultation.

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