About Chapter 13 Bankruptcy In Alabama

What is Chapter 13 Bankruptcy?

Our Huntsville Chapter 13 bankruptcy filing lawyers can enables individuals who receive a regular
income to develop a plan to repay their debts in installments over three to five years. A few types of
borrowers who may benefit from filing for Chapter 13 bankruptcy are those whose homes or vehicles
are at risk of foreclosure or repossession, those with excessive income tax or student loan debt, and
anyone owing criminal fines, traffic tickets, or past-due child support. Borrowers whose income is too
high to file for Chapter 7 may qualify for Chapter 13 bankruptcy. For more information on bankruptcy,
check out these common bankruptcy myths.

The Bankruptcy Process

Under Chapter 13 bankruptcy, borrowers can work with an experienced attorneys like the Huntsville
chapter 13 bankruptcy filing lawyers at Pleva Law to create a plan that highlights how debts, liens,
assets, and liabilities will be dealt with. The borrower usually gets to keep his property, although
creditors are usually repaid less money since the borrower can’t afford to repay the amount in full.
Chapter 13 bankruptcy stays on individuals’ credit reports for up to seven years, but sometimes
borrowers begin getting new credit accounts after their plan is confirmed. However, some borrowers
who have declared bankruptcy have trouble obtaining new credit accounts after the filing due to the risk
associated with bankruptcy.

Contact the Law Offices of Joseph G. Pleva

Joseph G. Pleva is an experienced Huntsville chapter 13 bankruptcy attorney who would be proud to
guide you through the bankruptcy filing process. Our staff is dedicated to getting to know each client
and their specific circumstances, so we’ll create an action plan tailored to your best interests.
Call the Law Offices of Joseph G. Pleva today to schedule a free in-person meeting, video chat, or
telephone consultation.