Contact a Birmingham Bankruptcy Attorney for a consultation
ATTORNEYS ASSISTING CLIENTS WITH DEBT RELIEF THROUGHOUT BIRMINGHAM, TUSCALOOSA, ANNISTON, HUNTSVILLE AND THE REST OF ALABAMA
In the wake of the recent economic turmoil, as unemployment rates remain higher than average, more and more people have found themselves in financial distress. Bankruptcy can offer much-needed protection and relief from lenders and creditors, and enable debtors to obtain a fresh start on their financial lives. While the very prospect of filing for bankruptcy can be daunting, an experienced Birmingham bankruptcy attorney at Parkman White, LLP can help guide you through the process and discuss all available alternatives.
SHOULD I FILE BANKRUPTCY?
Why would you file for bankruptcy? The reasons could be anything from overwhelming medical bills, to credit card bills you can’t afford, to a recent divorce that has reduced your available income and increased your monthly bills. Whatever the reason, the Birmingham bankruptcy lawyers at Parkman White, LLP can help. Our Birmingham legal team may determine the timing is not right for you to file bankruptcy and we may be able to formulate a plan to avoid bankruptcy all together.
WHAT ARE MY BANKRUPTCY OPTIONS?
The basic kinds of bankruptcy are known as Chapter 7, Chapter 11, and Chapter 13. Chapter 7 is known as “liquidation” bankruptcy, under which individuals who qualify can have their outstanding debts discharged after the proceeds of their eligible property is distributed to their creditors. Chapter 11 is known as “reorganization” bankruptcy, and is exclusively for businesses facing insolvency. Finally, Chapter 13 bankruptcy offers a court-supervised payment plan for individuals and businesses for up to a maximum of five years.
WHAT HAPPENS TO MY PROPERTY IF I FILE BANKRUPTCY?
In addition to helping you decide whether bankruptcy is right for you, we can determine for which form of bankruptcy you are eligible. We can also help you answer such questions as what happens to your car, your house and your personal belongings, and help you get rid of your debt. Whether you are in Hoover, Huntsville, Tuscaloosa, Anniston, Birmingham, Vestavia Hills, Mountain Brook, Oxford, Athens, Madison, Cullman, Gadsden, Fort Payne or any other area of North Alabama, our Birmingham legal team is ready to help you make your financial stress a part of your past. Contact a Birmingham bankruptcy attorney at Parkman White, LLP today at 205-502-2000 to help you.