About Chapter 7 Bankruptcy In Alabama
If you are in overwhelming debt and live in the area near Huntsville, Chapter 7 bankruptcy attorney Joseph Pleva can use his knowledge of Alabama Chapter 7 law to get you back on your feet. Chapter 7 bankruptcy gives debtors a fresh start by eliminating many of their debts, including credit card bills, personal loans, medical bills, and wage garnishments. Debtors must meet certain income criteria to be eligible for Chapter 7 bankruptcy; those whose income level makes them ineligible may qualify for Chapter 13 bankruptcy instead. Some filers whose income exceeds the state’s median income may be eligible depending how much “excess” money is left over to repay debts after taking into account their necessary living expenses.
The Bankruptcy Process
Our skilled Huntsville chapter 7 bankruptcy attorneys and credit lawyers can help give you a fresh start by eliminating their debts, including credit card bills, personal loans, medical bills, and certain tax debts. Debtors must meet certain income criteria to be eligible for Chapter 7 bankruptcy. However, those whose income level makes them ineligible may qualify for relief under Chapter 13 bankruptcy instead. Some filers whose income exceeds the state’s median income may be eligible depending on how much “excess” money is left over to repay debts after taking into account their necessary living expenses.
With a few exceptions, all debtors must participate in a credit counseling course with a government-approved nonprofit credit counseling agency before filing for Chapter 7 bankruptcy to determine if there’s another way to repay the debt. Borrowers who have filed for Chapter 7 bankruptcy are often allowed to keep their assets, including their home, vehicles, retirement accounts, cash, and other assets; mortgage and auto loans will not be affected by the bankruptcy and should be paid as usual each month. After a Chapter 7 discharge, your credit will be improved within a year and many debtors go on to purchase cars and/or homes.
Contact the Law Offices of Joseph G. Pleva
When you’re looking at Huntsville Chapter 7 bankruptcy lawyers, contact the Law Offices of Joseph G. Pleva for assistance. Our highly experienced Chapter 7 bankruptcy attorney has helped hundreds of clients overcome their debt by guiding them through the bankruptcy process. Call our office today to schedule a free in-person consultation, phone call, or video chat!
