Debt Relief, Talladega, AL

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Discover your options for debt relief.

A serious illness, job loss, divorce, or another difficult life situation can force you to take on more debt than you normally would. And before you know it, this debt may get out of hand, and you may accumulate so much that you wonder if you will ever be debt-free again. If this sounds like your situation, at Arnold Law Offices, we want you to know that you have options for debt relief.

Debt Relief in Talladega, Alabama

We are a bankruptcy law firm that helps people struggling with significant debt in the Talladega, Alabama area. If you are worried that you will never get out of debt and want to explore your debt relief options, there are two types of bankruptcy that may be available to you:

  • Chapter 7 bankruptcy—During this process, your unsecured debts will be discharged. Some of your assets may be seized to pay a portion of what you owe back to your creditors. The qualifications for Chapter 7 bankruptcy are stricter than for Chapter 13, so you may or may not qualify to file this type of bankruptcy.
  • Chapter 13 bankruptcy—When you file Chapter 13 bankruptcy, the court sets up a three- or five-year repayment plan that you must follow. At the end of that period, any remaining debts you have will be discharged.

We can tell you more about your options for debt relief and advise you as you find a way forward financially. To learn more about whether bankruptcy is a beneficial option for your situation, set up a consultation with our legal team today.

At Arnold Law Offices, our lawyers can assist with debt relief in Pell City and Talladega, Alabama.