Alabama Chapter 13 Bankruptcy Lawyers
Decades of Legal Representation for Overwhelmed Debtors
Being in a position of overwhelming debt can be paralyzing. Who do you pay and how much? How do you save your home, car, or enforced deductions from your wages? For those who do not qualify for a Chapter 7 straight bankruptcy or who wish to save their secured holdings, such as their home or vehicle, while still eliminating other debt, a Chapter 13 bankruptcy filing may be the best answer.
The Gil Law Firm Promise
At The Gil Law Firm, we can answer all of your questions and address all of your concerns regarding this type of debt relief available from the government. Our first order of business will be to get a thorough understanding of your unique debt and financial situation so that we can give you the specific information and guidance you need at this critical time. Our Dothan bankruptcy lawyers are dedicated to providing you with tailored and personalized representation so that you can make the right decisions based on your needs and objectives. With decades of bankruptcy experience under our belts, we have a thorough understanding of bankruptcy law and debt relief options.
Phone us at (334) 401-4420 to schedule a free, initial case evaluation about your financial dilemma, or contact us online. We’re proud to serve communities in Alabama, Florida, and Georgia.
What is a Chapter 13 Bankruptcy?
A Chapter 13 bankruptcy is one that is designed for the wage earner who has a reliable and steady source of income. In this type of case, you are allowed to develop a financial plan designed to repay all or part of your debts. The repayment plan is done through installments paid monthly through the bankruptcy court over a three to five-year period.
The benefits of a Chapter 13 include:
- The automatic stay imposed by the bankruptcy court stops all creditor collection actions, which means the end of any type of harassment
- You will have no direct contact with any agency to whom you owe a debt
- You can stop a foreclosure on your home
- You get to roll all of your outstanding debt into one affordable monthly payment
- You are allowed to keep the property/assets on which you are making payments, such as your house, vehicle, furniture, or other secured property
- Your bankruptcy filing is deleted from your credit record in seven years as opposed to 10 years for a Chapter 7 (due to the partial repayment of debt)
- You can eliminate most, if not all, unsecured debt
- You can reorganize student loan debt and government debt
- You can stop wage garnishment
Eligibility for a Chapter 13 Bankruptcy
In order to qualify for a Chapter 13 bankruptcy, your unsecured debts must not exceed a specific amount. You will also be ineligible if you filed for bankruptcy within the last 180 days and your case was voluntarily or involuntarily dismissed. You must also complete credit counseling from an agency authorized by the government.
Contact our offices at (334) 401-4420 to discuss your specific financial situation with one of our Dothan Chapter 13 bankruptcy attorneys today.
Learn More About We Can Help You in a Free Consultation
For many people, paying off debt through one affordable payment every month is a beneficial option to the stress and anxiety of credit harassment and losing their valuable secured property such as the family home. Our firm can ensure that you understand all of the details of how a Chapter 13 plan works and can walk you through the process step by step. We have guided thousands of people throughout Alabama, Georgia, and Florida in all types of bankruptcy plans and welcome the opportunity to provide you with outstanding and knowledgeable service.
