Bankruptcy Law

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Bankruptcy may be the answer to your financial struggles.

A divorce, job loss, chronic illness, or another major life event can lead to financial struggles and taking on more debt than you normally would. While loans at first may feel like a manageable way to stay on top of your expenses, over time, this debt may build up to a point that leaves you wondering if you will ever be financially free.

Bankruptcy Law

When this happens, come and talk to a bankruptcy law attorney at Arnold Law Offices. We can help you determine if bankruptcy is the right step to take to help you move forward financially from this difficult time in your life.

There are two types of personal bankruptcy you can file under the bankruptcy law code: Chapter 7 and Chapter 13. Chapter 7 bankruptcy liquidates your debt, meaning that this type of bankruptcy eliminates all your unsecured debts. These debts can include signature loans, deficiency balances on foreclosures and repossessions, medical bills, credit cards, and more. As long as you can keep making your regular monthly payments, you can typically keep your home and your car.

In comparison, Chapter 13 bankruptcy is known as “Debtor’s Court” and involves the reorganization your debt. If you are behind on your car and house payments, this form of bankruptcy still allows you to keep these assets.

We take every precaution to ensure your privacy during the bankruptcy process and will provide compassionate, thorough, and committed legal help. For more information about hiring our bankruptcy law firm or to learn more about filing personal bankruptcy, contact us today. We have two convenient locations to serve you in Pell City and Talladega, Alabama.

 

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