Birmingham Bankruptcy Attorneys

Chapter 13 Bankruptcy, which is commonly referred to as Debtor’s Court or debt consolidation, can be a good option for those with regular income but who are having trouble keeping up with the regular monthly payments, facing foreclosure, or for those who owe significant past tax debt.  If you have a question, call a Birmingham Bankruptcy Attorney today at (205) 980-1445 or via e-mail by completing the Contact Us form to discuss your case and schedule your initial consultation to learn more.

Experienced Bankruptcy Attorney

The Birmingham Chapter 13 Bankruptcy Lawyers at Harwell Law Firm LLC have been assisting individuals and families in Alabama for over 19 years. Chapter 13 of the United States Bankruptcy code operates much differently than chapter 7. In a chapter 13 bankruptcy, debtors enter into a 3 to 5 year repayment plan of their debts. The monthly repayment amount is based on household disposable income, secured debts and priority debts among other things. Debtors are required to make monthly installment payments to the Chapter 13 trustee. After the debtor has paid on their debts for the 3 to 5 year repayment period, all unsecured non-priority debts that have not been paid off will be discharged. If any payments are missed, your case could be dismissed and you will not receive a discharge of your debt. A chapter 13 bankruptcy is intended for debtors who don’t qualify for a chapter 7 bankruptcy due to various reasons such as a debtor’s income being too high, a second mortgage being eligible to be stripped and discharged, arrearages on a home mortgage needing to be made up to stop a foreclosure, or if the debtors have filed a chapter 7 bankruptcy in the last 8 years.

Explanation from a Chapter 13 Birmingham Bankruptcy Lawyer

A chapter 13 Bankruptcy is not for everybody as a debtor must have enough disposable income to make a payment plan feasible. A debtor’s disposable income is calculated by looking at the monthly gross income of the household and then subtracting the household monthly expenses. When you retain a Birmingham Bankruptcy Lawyer at Harwell Law Firm LLC, will be assist you in formulating a repayment plan that will be confirmed by the bankruptcy court and allow for the repayment of all of your priority debts in conjunction with payments made outside the payment plan on secured debt. Once we file your case, you will be subject to what is called the automatic stay period. The automatic stay is part of federal bankruptcy law which says that creditors may not collect on debts without first getting relief from the automatic stay from the bankruptcy court. This means that while you are maintaining your payments in a chapter 13 repayment plan, creditors may not garnish your wages, bank accounts or make harassing phone calls. Our fees for filing a chapter 13 are affordable and are based on the amount of debt you have, whether you are filing a single or joint petition, and your ability to pay our initial fee. In a Chapter 13 bankruptcy we do not always require our entire fee to be paid up front and our bankruptcy attorney fees can also be added to your payment plan with the court. If you have any questions, call us today at (205) 980-1445 or by completing the contact us form.

Hoover, Chelsea and Homewood Bankruptcy Law Firm

In addition to our office in downtown Birmingham, we also have offices in Hoover, Chelsea and Homewood. Consequently, if you need a Hoover Bankruptcy Attorney, a Chelsea Bankruptcy Lawyer or you are looking for a Shelby County Bankruptcy Law Firm, we have a location which should be convenient to your home or your place of work. For locations and directions to our office locations, please see our contact us page.