If you have considerable debts, we can help you with Chapter 7 bankruptcy.
Debt is the source of much stress and anxiety for many people. In some cases, debts are so much of a financial burden that individuals cannot afford to make regular, monthly payments toward them. If you find yourself in this situation, our law firm can help you with Chapter 7 bankruptcy.
Chapter 7 bankruptcy is available to both individuals and businesses regardless of the debt amount you owe. It involves a bankruptcy trustee who oversees the liquidation of your assets to pay creditors. First, unsecured debts such as tax debts and child support are paid, after which secured debts are paid. Secure debt is debt with collateral, such as a mortgage. At the end of the process, certain debts will be discharged, and you will no longer be liable for that debt.
As straightforward as Chapter 7 bankruptcy seems, many things will be different depending on your unique circumstances. For example, a federal tax debt may or may not be dischargeable in your case. To get help through the process and receive professional advice, you should hire a bankruptcy lawyer.
Here at Arnold Law Offices, we can help you get relief from your debt and have a fresh financial start by assisting you with Chapter 7 bankruptcy. Our legal team has years of experience in bankruptcy law, so you can rest assured that we will assist you with the utmost professionalism and legal knowledge. If you need our services, we have offices in Pell City and Talladega, Alabama. Give us a call today.